Case Study on Entrepreneurship: Larry Page

Business Analysis

The Boundaryless Career: Modern Contemperory Perspective on Career

Human Resource Management

Concepts of Throughput Accounting and Theory of Constraints

Financial Management

Gantt Charts – Tool for Project Planning and Scheduling

Project Management

Kaizen – Understanding the Japanese Business Philosophy of Continuous Improvement

Operations Management

Strategic Control and Operational Control

Strategic Control Strategic control focuses on the dual questions of whether: (1) the strategy is being implemented as planned; and (2) the results produced by the strategy are those intended.” Strategic control is “the critical evaluation of plans, activities, and results, thereby providing information for the future action”. There are four types of strategic control: premise control, implementation control, strategic surveillance, and special alert control Premise Control: Planning premises/assumptions are established early on in the strategic planning process and act as a basis for formulating strategies. Premise control has been designed to check systematically and continuously whether or not the premises set during the planning and implementation processes are still valid. It involves the checking of environmental conditions. Premises are primarily concerned with two types of factors: Environmental factors (for example, inflation, technology, interest rates, regulation, and demographic/social changes). Industry factors (for example, competitors, suppliers, substitutes, and barriers to entry). Continue reading

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Modes of debt recovery other than normal debt recovery procedure

(1) Where a certificate has been issued to the Recovery Officer under Sub-section of section 19, the Recovery Officer may, without prejudice to the modes of recovery specified in section 25, recover the amount of debt by any one or more of the modes provided under this section. (2) If any amount is due from any person to the defendant, the Recovery Officer may require such person to deduct from the said amount, the amount of debt due from the defendant under this Act and such person shall comply with any such requisition and shall pay the sum so deducted to the credit of the Recovery Officer: Provided that nothing in this sub-section shall apply to any part of the amount exempt from attachment in execution of a decree of a civil court under section 60 of the Code of Civil Procedure, 1908 (5 of 1908). (3) (I) The Recovery Continue reading

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Strategic Issues in Project Management

An issue is something that has happened and either threatens or enhances the  success of a project. Issue management is the process for recording and  handling any event or problem. Some of the issues can be dealt within the  project. However strategic issues may require a change in order to keep the  project viable.  The concept of “strategic issues” has emerged as a way to identify and manage  factors and forces that can significantly affect an organization’s future strategies  and tactics.  Project owners need to be aware of the possible and probable impacts of  strategic issues. The project team leader has the primary responsibility to focus  the owner’s resources to deal with project strategic issues.  In a project, a strategic issue is a condition of pressure, either internal or  external, that will have a significant effect on one or more factors of the project,  such as its financing, design, engineering, Continue reading

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Concept of Accountability in Financial Management

“Accountability breeds responsibility” – This is a famous quote by Dr. Stephen R. Covey gives the meaning of accountability in rather general terms. The concept of accountability can be defined as the process through which a person is held answerable for his actions and deeds. Under the umbrella of the organization the notion of accountability can be stated as the phenomenon through which whether a person at the higher level of hierarchy or at the lower level is accountable for his works and services that he renders to the organization. Accountability from the organizational perspective bears great importance as it is the measure through which the performance of the organization and a person serving can be judged and analysed. Accountability has different forms. First, the individualizing form of accountability can be studied in which the accountability contributes in making the realization of the image an individual perceives about it. This Continue reading

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Cloud Computing Models

There are many considerations for cloud computing architects to make when moving from a standard enterprise application deployment model to one based on cloud computing. There are three basic cloud computing models to consider, and they differed as the open APIs versus the proprietary ones. These are public, private and hybrid cloud and IT organization can choose to deploy applications according to their requirements. IT organizations can choose to deploy applications on public, private, or hybrid clouds, each of which has its trade-offs. The terms public, private, and hybrid do not dictate location. While public clouds are typically “out there” on the Internet and private clouds are typically located on premises, a private cloud might be hosted at a collocation facility as well. Companies may make a number of considerations with regard to which cloud computing model they choose to employ, and they might use more than one model to Continue reading

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Data Analytics in Healthcare Industry

Health is the most integral part of life. In the healthcare industry a vast amount of data is generated from different segments of healthcare organizations such as hospitals, healthcare service providers, insurance providers etc. However, like other sectors ranging from retail to banking, who have already leveraged the potentials of big data, the healthcare industry has not yet fully explored the importance of big data in deriving valuable insights from such vast amount of data at hand. For example, Grocery stores determine the loyalty of their customers by identifying the sales patterns, giving discounts and special offers, having a mix of products which not only improve their profits but also, increases their customer satisfaction. Claims providers and payers, the pharmaceutical industry has now only utilized big data to tackle issues such as changes in the quality of healthcare services, reducing fraud and abuse of claims, improved care. Due to the Continue reading

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