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 Meet Costa Rica’s 2026 VASP Requirements Without Expanding Headcount

General Business Articles

Concepts of Throughput Accounting and Theory of Constraints

Financial Management

What is Owner’s Equity? Meaning and Components

Preferred and common stockholders have some interests in organizations which are referred to as owner’s equity. Investors contribute to the capital of a corporation through the purchase of stocks sold by the corporation without the use of a secondary market. This type of capital is referred to as paid-in capital. The total paid-in capital is a combination of share capital and additional paid-in capital that is normally added to the nominal value of a stock. On the other hand, earned capital is the type of capital that comes from a company’s profitable operations. The two types of capital are normally reflected on the balance sheet as part of the owner’s equity. Earned capital is calculated by subtracting dividends from the total sum of the company’s beginning capital and the net income. The net income of a company is the major source of earned capital. Companies reinvest earned capital to generate more Continue reading

Abey Francis

Importance of Audit Independence for Stakeholders

The importance of audit independence can be categorized into four reasons: Firstly, audit independence can hold the public confidence and avoid interest conflicts; Secondly, audit independence can help auditors to provide high quality financial report and avoid scandals like ‘Enron bomb’; Thirdly, the development of no-audit services make it more difficult but more important to maintain audit independence; Lastly, audit independence can improve the quality of audit and it can assist managers to make strategy formulations. Stakeholders make economic decisions by taking advantage of financial reports. Whether those reports are related and reliable are questions. Audit can help to solve this problem. However, auditor fails to fulfill the duty if they cannot remain independence in the conducting process. On one hand, report users will doubt this kind of dependence if they thought auditor and consigner belong to the same party. On the other hand, when auditor cannot keep an unbiased Continue reading

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Impact of E-Commerce in Banking Sector

Advancement in information technologies and improvement of the Internet access have not only changed the way businesses are being conducted, but have also resulted in cutthroat competition on the global market. As a consequence, strategic companies have incorporated and integrated information technologies in their operations to create competitive advantages and to sustain their existing competitive advantage. The banking industry has incorporated web-based information technologies to synchronize with the market trends. Precisely, banks have adopted electronic commerce (e-commerce) products and services in a move to keep in touch with the globalized economy and ongoing migration of people, entities, and businesses to the cyberspace. E-commerce refers to the utilization of the internet as a distribution channel to sell banking products and services to either existing or potential customers. From a broader perspective, e-commerce involves electronic exchange of products (mainly services), information, and payments. It also entails establishment and sustenance of web-based relations, Continue reading

Abey Francis

Importance of Ethical Climate in Business

A strong ethical climate is a system of informal rules concerning the stakeholders’ behavior in internal or external environments. In such an environment, organizational leaders take the initiative to shape or support the ethical environment. Ethical climate corresponds to organizational personality, which has a direct impact on both organizational success and employee satisfaction. Ethical climate represents common values and beliefs that hold an organization intact. Given that employee and customer dissatisfaction are some of the causes of turnover and loss of trust respectively, leaders at all levels of an entity must be aware of their predefined roles and responsibilities in preserving an ethical workplace setting that can improve both customer experience and employee satisfaction. While most managers or organizational leaders recognize the significance of ethical climate in customer and employee satisfaction, some fail to realize the direct impact they have is shaping it. Therefore, shaping ethical climate is one of Continue reading

Abey Francis

What is Return on Investment (ROI)?

Return on Investment (ROI) refers to a well-known financial metric commonly used to analyze the financial results which arise from personal investments as well as deeds. A number of varying metrics are basically known by the same definition. Normally used as a cash flow metric, the Return on Investment particularly makes a comparison of the scale as well as scheduling of investment gains which are matched directly to the scale and scheduling of costs involved. In any situation where the ROI is seen to post a high rate, it implies that the gains which have been made compare well with the costs that had been incurred. Return on Investment (ROI) = (Net Profit or Gain / Cost of Investment) * 100 Return on Investment has grown into a well-known concept within the past few decades mostly as an all-purpose metric for analyzing capital attainments, business initiatives, and conservative fiscal investments. These Continue reading

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New Roles of Human Resource Managers in Business Development

A great team of working professionals in an organization cannot be possible without the human resources. The main contribution of HR management to organizations are hiring and training the workforce, takes care of the performance management system, helps in building culture and values, manages conflict, and most importantly developing good relations. Human resources managers promote, recommend on, and implement plan associated to the usage of employees within an organisation effectively.  They are the most qualified and skilled people into the organisation to make a difference in enhancing the productivity of the employee and the organization. Their desire is to assure that the organisation hires the suitable people in terms of skills and experience, and that training and development opportunities are accessible to personnel to boost their achievement and attain the goals in the organization. HR officers are responsible in a range of activities needed by the organisation such as working Continue reading

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