Organizational Health – Concept, Dimensions, and Characteristics

Management Concepts

Organizational Health Approach – Building a Strong Workplace

Modern Management Concepts

Participative Management – Workers Participation in Management

Human Resource Management

Case Study on Entrepreneurship: Larry Page

Business Analysis

The Boundaryless Career: Modern Contemperory Perspective on Career

Human Resource Management

How to Develop a Mission Statement

The most common initial act in establishing organizational direction is an organizational mission. The statement that describes the mission talks about the target market and also talks about its strategy to be profitable by providing good customer service through friendly and knowledgeable people. It is essential to look into external influences like labor, conditions, competitors, government rules while considering mission statement. Company’s mission statement should define stakeholders expected return along with the measurement of the performance of the company through those returns. The expected profit too should be included in the organization’s mission. Moreover, the company should come to consensus as to what all areas should be measured like margin growth, efficiency, competitive cost position, product quality, market share etc. A mission statement sets the boundaries for how resources should be allocated and what strategic and operational goals should be set. The mission statement should acknowledge the company’s strength and Continue reading

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5 Challenges Faced by Women Entrepreneurs

Women constitute around half of the total world population. So is in India also. They are therefore regarded as the better half of the society. In traditional societies, they were confined to the four walls of houses performing household activities. In modern societies they have come out of the four walls to participate in all sorts of activities. The global evidences prove that women have been performing exceedingly well in different spheres of activities like academics, politics, administration, social work and so on. Now they have started plunging into industry also and running their enterprises successfully. Women entrepreneur is a person who accepts challenging role to meet her personal need and become economically independent. There are economical, social, religious, cultural and other factors existing in the society which responsible for the emergency of the entrepreneurs. Al through small businesses owned by women have traditionally focused on fashion, fond and other Continue reading

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Supply-Side Economics – Definition and Influencing Factors

The early 1980s saw the emergence of a new school of thought that emphasized the impact of aggregate supply on the economic growth of nations. This new school of thought was called supply-side economics. Supply-side economists argued that creating an economic environment that provided incentives for people to work and save money, and also an environment that is conducive for firms to invest and create employment would cause an increase in aggregate supply. The supply-side economists assumed that the aggregate demand of the nation was always adequate and that it would absorb the aggregate supply, thus indicating their acceptance of Say’s law. Supply-side economics, thus, laid emphasis on reduction in tax-rates and social spending, promotion of free labor markets and liberalization of economy. The supply-side economists believed that incentives and tax-rates influence the economy’s aggregate supply to a great extent. According to them, the tax-rates induce people either to produce Continue reading

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Regeneration of Offices and Modern Approaches to Working

Design of a contemporary workspace has a responsibility to comply with current respect of social change, work flexibility, evolving technology, sustainability and a diverse workplace. Current offices are in need of constant innovative solutions that will sustain the modern way of development in co- working places. Contemporary offices are in need of stable development and adjustments to existing social principles. Present day work environment has significantly changed throughout the decade. Co-working office spaces are now in need of a relaxed atmosphere. Studies show that contemporary culture in the way people work allow them to prosper better within the business markets. Twenty-first century office design comprises in merging single user and collaborative needs to give the best possible opportunities. From large scale offices to live/work projects and small-scale refurbishments, the type of social needs imposes a movement of the idea how every office can be improved. Within the corporation’s framework employers Continue reading

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Export Financing – Financing Export Transactions

Export financing starts after the order from the buyer has been received, the export order has bee accepted, manufacturing for the export order begins, and the shipping documents are issued; and it ends at ports when the goods are cleared. In other words, export finance refers to the financing of the goods from the home port to the foreign port and the inland centers, and remittances accruing from the sale of these goods. Financing of exports is a specialized business demanding the operations of institutions that are engaged in it and have special skills in handling the intricacies of foreign exchange transactions, a network of contracts abroad and a willingness to assume the risks peculiar to it. It follows, therefore, that good financing arrangements are a prerequisite for the success of the export trade. In export trade, where business dealings are carried on between parties who may be separated by Continue reading

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Accounting Standards Approach: Principles-Based vs Rules-Based

Accounting standards plays a vital role in financial accounting and reporting in order for investors to make good decisions. Rules-based accounting is generally a list of detailed rules that must be followed when preparing financial statements. Principle based standards derive from a conceptual framework that provides for broad ‘principles’ to be adopted within standards and also requires professional and managerial judgment in relevance to particular transactions and events. The difference between rules-based and principles-based standards is not clear and is subject to a variety of interpretations. But there is a generally held outlook that the FASB’s standards are rules-based and the IASB’s standards are principles-based. Principles-Based Accounting Standard Principles-based accounting standards are based on a conceptual framework. Such standards require a clear hierarchy of overarching concepts, principles that reflect the overarching concepts and limited further guidance. The principles-based deliver a comprehensive way in preparing the financial statement yet has the Continue reading

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