Importance of Innovation Strategies in Organizations

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Becoming a Better You: A Guide to Self-Learning While Working Full-Time

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Concept of National Innovation Systems

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Case Study: Henry Ford’s Contributions to Organizational Behavior and Leadership

Management Case Studies

De Bono’s Six Thinking Hats: A Creative and Critical Thinking Model

Human Resource Management

Introduction to Organization Development

Organizations change from time to time. Changes with respect to continuous improvements, diversity, and work process engineering require the organization to move forward through a process called organizational development.

Definition of Organization Development:

Organization development is a process that addresses system wide change in the organization.

Change agent:

  • Change agents are individuals responsible for fostering the change effort and assisting employees in adapting to changes
  • They are may be internal employees, or external consultants.

What is change?

Organization development efforts support changes that are usually made in four areas:

  • The organization’s systems
  • Technology
  • Processes
  • People

Two metaphors clarify the change process.… Read the rest

Abey Francis

Features of Life Insurance Contract

Human life is an income generating asset. This asset can be lost through unexpected death or made non functional through sickness or disability caused by an accident. On the other hand there is a certainty that death will happen, but its timing is uncertain. Life insurance protects against loss.

Life insurance contract may be defined as the contract, whereby the insurer in consideration of a premium undertakes to pay a certain sum of money either on the death of the insured or on the expiry of a fixed period. The definition of the life insurance contract is enlarged by Section 2(ii) of the Insurance Act 1938 by including annuity business.… Read the rest

Abey Francis

Role and Importance of Insurance

Insurance has become an integral aspect in everyone’s life today. It is a written contract of insurance that offers protection against future loss. The life insurance generally helps to insure the life of people. A definite compensation is provided by the insurer to the insured person. The non-life insurance provides financial support to people or companies and helps them to overcome the losses. The basic human trait is to be averse to the idea of taking risks. There is always an urge to minimize the risks and provide protection against possible failure. The risk includes fire, the perils of sea, death, accidents and burglary.… Read the rest

Abey Francis

Insurance – Definition, Principles and Functions

Life is a roller coaster ride and is full of twists and turns. Insurance policies are a safeguard against the uncertainties of life. As in all insurance, the insured transfers a risk to the insurer, receiving a policy and paying a premium in exchange. The risk assumed by the insurer is the risk of death of the insured in case of life insurance. Insurance policies cover the risk of life as well as other assets and valuables such as home, automobiles, jewelry etc. On the basis of the risk they cover, insurance policies can be classified into Life Insurance and General Insurance.  … Read the rest

Abey Francis

About the Investments in Mutual Funds

Mutual fund companies [also known as Asset Management Companies (AMCs)] collect funds from public (mainly from small investors) and invest such funds in market and distribute returns/surpluses in the form of dividends. Surpluses can also be reflected in higher Net Asset Value (NAV) of the scheme. In simple words, a mutual fund company collects savings of small investors (pool their money); the fund managers of the concern invest such pool of funds to market (securities); when returns are generated from such investment, passed back to the investors.

This is how a mutual fund works. First an offer document (containing details of the scheme, its investment horizon and class(es) of securities it intends to invest etc.)… Read the rest

Abey Francis

Risk and Return in Investments

There are different motives for investment. The most prominent among all is to earn a return on investment. However, selecting investments on the basis of return in not enough. The fact is that most investors invest their funds in more than one security suggest that there are other factors, besides return, and they must be considered. The investors not only like return but also dislike risk. So, what is required is:

  1. Clear understanding of what risk and return are,
  2. What creates them, and
  3. How can they be measured?

Return: The return is the basic motivating force and the principal reward in the investment process.… Read the rest

Abey Francis
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