General Management Articles

Qualities of a Successful Person

Success is the achievement of a desired aim, fame, wealth or social position. So a successful person is somebody who has been able to achieve an aim, fame, wealth or social position. A successful person is somebody who has been able to start a project (no matter how small it is) and see it to the end and should also have guided quiet a number of people to bring their own projects to completion. I believe this is a complete definition of success.

A successful individual is the most powerful force for change and happiness on the face of the earth or in all of existence.… Read the rest

Abey Francis

Business Model – Definition, Components, Role and Importance

Business model describes entire procedure of creation, delivery, and capturing of organizational values in both economic and social aspects. It represents core aspects of the business which include strategies, organizational structure, purpose, operational processes, policies, infrastructure, and business practices. Entire functioning of the business is based over this business model as it provides guideline to the organization to carry out all its activities. Thus there is a need to define business model of any organization at first in an explicit manner to avoid all the discrepancies at first end. Business model directly focuses over customer needs as it is this particular aspect along with product differentiation strategy, i.e.… Read the rest

Abey Francis

Relationship Between Organizational Culture and Strategic Management

When any group of people live and work together for any length of time, they form and share beliefs about what is right and proper. They establish behavior patterns based on their beliefs, and their actions often become matters of habit which they follow routinely. These beliefs and ways of behaving create the culture of the organisation. Culture is a pattern of shared tacit assumptions that was learned by a group as it solved its problems of external adaptation and internal integration, which has worked well enough to be considered valid in organisation and it is necessary to be taught to new members as the correct way to think, perceive, and feel in relation to those problems that occur in many organisation today.… Read the rest

Abey Francis

Effective Teaming Factors

There are obvious challenges to form and lead a functioning team, even if the team is collocate physically within a training room or office throughout the whole process of training. Moreover the training involves distant learning mode that individualistic or individual behavior towards the whole proceeding come into play that could affect the performance of the entire team. To lead a team has little understanding on the member’s background is an uphill task for the leader. Advanced communication technology will not guarantee the team is working except the individual that participate in the training stretch and contribute within the context of the training that makes this a successful training experience.… Read the rest

Abey Francis

Positive Impacts of Entrepreneurship on the Economy

As economies continue to integrate due to globalization and formally closed economies like India and China march toward total liberalization, entrepreneurship is on the increase. A close analysis of developed and industrialized economies indicates a common denominator that stands out amongst all of them. This is the most important role played by entrepreneurship and entrepreneurs in such economies. This phenomenon has proved to us that if an economy is to develop fully, entrepreneurship should be allowed to flourish.

Innovation

Individuals often resort to entrepreneurship for one of the following reasons; they find a market niche and have the solution to profit from such niche; they have been unable to find suitable employment or a suitable means of income and therefore have resorted to using their creativity to generate an income for themselves; or they have the technological know-how and the financial resources (or able to source all of the above) necessary to generate income by satisfying a need in the marketplace.… Read the rest

Abey Francis

Functions of Organizational Culture

Organizational culture is the sum of reflects that gradually formed in the production and management practices, agreed and complied with all staff, with the characteristics of the Organization’s mission, vision, purpose, spirit, values and business philosophy, and the ideas in the production and management practices, management system, the behavior of employees with the external image. In essence, organizational culture is a cultural phenomenon among the enterprises, its appearance is inseparable from the development of the theory and practice of modern enterprise, from the management perspective, organizational culture are the application management tools to achieve management objectives, therefore, organizational culture are not only a cultural phenomenon, but also has a connotation as a management tool.… Read the rest

Abey Francis