Every organization follows an organizational structure for the effective running and management of the organization. It is the organizational structure that determines the hierarchy and reporting system in any organization. There are various organizational charts and each company follow the organization structure depending on a variety of factors. This factor could be geographical regions, products [...]
Leadership in practice at work is of or can be of different styles depending on the manager. Theoretically leadership may be categorized into different paths of approach. But in practice the style and rewards depends on the manager. The leadership styles are called theoretically by different names but according to me each manager follows his [...]
The survivors of a crisis are in search of ways to avoid any such happening in the future. In order to influence events in one’s favor, one must know what is about to come up. Hence, one must develop and establish early warning mechanisms that will sense non-performance and signal trouble long before a crisis [...]
HRM in short but in full form it is Human Resource Management, one of the most vital parts of any organization has a long history. Though human resource as included in proper education few decades back but the concept of human resource management is quite old. The concept of HRM gains more prominence during the [...]
The concept of innovation networks has become popular in recent years, as it appears to offer many of the benefits of internal development, but with few of the drawbacks of collaboration. Networks have been claimed by some to be a new hybrid form of organization that has the potential to replace both firms and markets, in [...]
With the current global gloom in world economies, would be graduates in India are worried about job placements. Inputs from various industries point towards positive hiring outlook with core industries on a higher gradient as compared to the previous year. The recent trend of economic slowdown is just an excuse with recruiting companies taking advantage [...]
It is a well-established fact that only a few managers are able to lead the organizations successfully. A large majority of them, often, fail to deliver the goods. Some believe the answer can be traced to the inner characteristics of a leader such as drive, originality and tolerance of stress, which they say are universal [...]
The idea of starting a business is lucrative and many people quit their salaried job with the hope to start their own business and become their own boss. The idea seems very attractive and easy but in reality the path of setting up a business and expanding it is full of challenges. As your business [...]
Economics is a study of human behaviour, but it is not the only field, that can make that claim. The social science of psychology also sheds light on the choices that people make in their lives. The fields of economies and psychology usually proceed independently, in part because they address a different range of questions. [...]
Effective control systems tend to have certain qualities in common. These can be stated thus: The control system must be suitable to the needs of an organization. It must conform to the nature and needs of the job and the area to be controlled. For example, the control system used in production department will be [...]
The corporate culture plays a very influential role in one’s life. An average person spends around 45 to 50 hours in a week in an organization and it is next to impossible to come out of the influence of an organization. Culture defines the way an organization perceives a situation; it includes a learned set [...]
The expectations of recruiters are impossible to separate from the corporate culture in which they operate. They are in line the overall philosophy of the company in question. Let’s summarize these in a short form thus: Recruitment of Trainees: Expectations of Indian companies Case of Pepsi: Pepsi is a flat organization. There are a maximum [...]
Introduction
The practice of a company keep track of its financial transactions is as old as trade itself. The upkeep of precise books of accounts has been vital for the long-term prosperity ...
Introduction
In India, registering a company is a complex procedure. A company’s incorporation process involves a number of officials, including chartered accountants and company secret...
Introduction
Due diligence is an inquiry or audit conducted before a transaction, such as an acquisition, investment, business partnership, or bank loan, to guarantee compliance with financia...
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