Areas of Data Processing

Data processing is the manipulation of data into a more useful form. It is the modern name for paperwork and involves the collecting, processing, and distributing of facts and figures to achieve a desired result. Data processing includes not only numerical calculations but also operations such as the classification of data and the transmission of data from one place to another. In general, we assume that these operations are performed by some type of machine or computer, although some of them could also be carried out manually. Data processing system refers to the equipment or devices and procedures by which the result is achieved. Read More: Concept of Data Processing Data processing may be classified as either scientific or business in nature. Business Data processing (BDP) . Business data processing is characterized by the need to establish, retain, and process files of data for producing useful information. Generally, it involves Continue reading

Introduction to listening skills

What is listening? Listening is a process of receiving, interpreting and reacting to the messages received from the communication sender. Effective listening is an art of communication, which is often taken for granted and ignored. Like any other art, listening require to be cultivated consciously and carefully. Unfortunately, our education systems beginning from kindergarten up to college level do not pay attention to the teaching of effective listening. Poor listening can be considered, as a mighty barrier to communication as listening is fundamental to all communication. It often results in losing messages due to improper functioning of communication. Listening require conscious efforts of interpreting the sounds, grasping the meanings of the words and reacting to the message. Interpreting the sound signals is a cognitive act, which depends on the listener’s knowledge of the code signals and on its attitude towards the communication sender. Active listening process begins when the listener Continue reading

The Increasing Importance of Communication in the Corporate World

In the world of business, effective communication has always been important. But it has become even more crucial in today’s fast-paced and digitalised corporate environment. Whether you’re emailing a colleague, presenting an idea to your boss, or delivering a presentation to the company, having strong communication skills is essential for achieving success. This article will explore why communication has become such a global skill. We will also provide some tips and strategies to help you enhance your communication abilities, enabling you to advance your career and contribute on an individual and organisational level. The Evolution of Business Communication The world of business has undergone radical change, even the coursework covered five years ago to current courses like the master of business administration online degree have shifted massively. In the past, face-to-face meetings and phone calls were the means of interaction. Written communications typically involved memos, letters, and faxes. Although the Continue reading

Meaning of Job Design, Job Enlargement and Job Enrichment

The nature of work and its organization has interested managers, economists and social scientists for as long as people have been employed by others to engage in productive activity. Managers have largely been interested in maximizing output from available resources. Job design can be define as the process of putting together various elements to form a job, bearing in mind organizational and individual worker requirements, as well as considerations of health, safety, and ergonomics. The scientific management approach of Frederick Winslow Taylor viewed job design as purely mechanistic, but the later human relations movement rediscovered the importance of workers’ relationship to their work and stressed the importance of job satisfaction. Trends in Job Design Quality control as part of the worker’s job Cross-training workers to perform multi -skilled jobs Employee involvement and team approaches to designing and organizing work Extensive use of temporary workers Organizational commitment to providing meaningful and Continue reading

Case Study: Kellogg’s Business Strategy

Kellogg’s is the world’s largest cereal maker since 1906 and is located in the United States. Kellogg’s products has become a part of the delicious mornings for the people around the world since a century. Its business is operated in two segments: Kellogg’s North America and Kellogg’s International. 66% of the revenue to the company comes from North America region which consists of the Canada and the United States. The remaining 34% comes from the Kellogg’s international market which consists of Europe (20%), Latin America (8%) and Asia Pacific (6%). The products vary from ready-to-eat cereals to convenience foods such as cereal bars, cookies, toaster pastries, crackers, frozen waffles, snacks and veggie foods. Obesity and Health & Wellness is the primary concern for people in the world today. Kellogg’s has invested on this trend by introducing many health focused products like Kellogg’s ®, Pop-Tarts ®, Cheez-It ®, Mini-Wheats ®, Nutri-Grain Continue reading

Merchant Banking Services: Corporate Counseling

Corporate counseling denotes the advice provided by the Merchant Banking to the corporate unit to ensure better corporate performance in terms of image building among investors, steady growth through good working and appreciation in market value of its equity shares. The scope of corporate counseling, capital restructuring and, portfolio management and the full range of financial engineering includes venture capital, public issue management, and loan syndication, working capital, fixed deposit, lease financing, acceptance credit, etc. However counseling is limited to only opinions and suggestions and any detailed analysis would form part of a specific service. The scope of corporate counseling is restricted to the explanations of concepts, procedures and laws to be observed by the client company. Requirement of any action to be taken or compliance of statutory formalities to be made for implementation of those suggestions would mean the demand for a specific type of service other than corporate Continue reading