The businesses and companies at this higher level are the ones that buy and collect information from the smaller businesses that we deal with directly to do our business. To better understand the difference between the levels of these businesses, we have included the diagram below to help illustrate these relationships. Continue Reading »

There was a time when travelling around the world in 80 days symbolized a great feat in travel and exploration. Today, travelling the world in a day is becoming as common as buying a loaf of bread. As our world become smaller, businesses find that they must adapt to the new world economy and environment. For Multi-national enterprises (MNE)s this poses a challenge to be ahead of the game when it comes to being competitive. More specifically, MNEs must decide how to progress their agendas for the future world of business through their Human Resources Management (HRM) policies, which plays a critical role in a businesses success. Continue Reading »

Is money an effective motivator at work? It is said that for a living food , shelter and clothes are needed. This is very true and for getting all this , money is need. At this point of time , money is required as much as oxygen for survival. Money is a great motivator at work. Disregarding the fact that money changes a person’s character , money has become a part of our life. With money mostly all the things can be bought for enjoying life. At work , the money can be good motivator. We should not forget the reality that we all work for getting more and more money. Money can help an employee do the best out of him. For praising an employee , bonus can be given by the employer as a reward. This can be the best reward one can expect. The days are gone , when more money was considered bad. In this 21 st century , money is really needed for a living. At this time all one needs is money. It is needed by parents to feed their children or to feed himself. No matter what somebody does with the money he gets from work , but everybody wants money. Continue Reading »

Considering today’s scenario of a fast paced lifestyle, skyrocketing expenses and the constant struggle for a decent survival, money seems to be the only answer and the only driving force. The sole aim of education is to provide a sense of independence to an individual, but independence in the present context is not limited to making one’s own decisions or solving mortal problems- it largely relates to the monetary capacity of a person and the ability to sustain himself and his family with regard to materialistic comforts and needs.

What motivates a person to frantically look for employment, bear the brunt of bosses and stick to a boring job that requires long working hours and exhausting responsibilities? Most often the factor involved is the money! Although some people may have professional or personal interests in a particular job profile, the “M-factor” tops the list of priorities. Continue Reading »

Repetitive work for 8 hours a day, day after day can often cause health problems for employees as well as lead to ineffectiveness. In order to reduce the negative impact of monotonous jobs, improve the organization of tasks to streamline efficiency, job design concept was introduced. Job design and work organization is the specification of the contents, method and relationships of jobs to satisfy technological and organizational requirements as well as the personal needs of job holders (Accel Team). Job design is about the ways to organize a set of tasks, or an entire job. Some argue that job design improves workers’ motivation and dedication to work. However, at a closer examination, job design can only contribute to the better efficiency within an organization, eliminate some health problems, but will not impact employee morale and enthusiasm at work.
Rearranging activities can help alleviate fatigue and/or boredom according to Environmental Health and Safety Office (University of Toronto). For example, ergonomically designed workstations will not eliminate all problems for individuals who continuously perform repetitive, monotonous work. Generally, health complaints can be significantly reduced if workers are given a variety of tasks, and some control over their work. Continue Reading »

If the statement ‘man is a social animal’ is true then this management principal would be the best possible relevant example of it. Consider this- every individual is shaped by the virtue of his or her environment (Lamb, 23). Therefore it is obvious that an employee would be governed by the nature of workplace he or she is associated with. If the term ‘work culture’ should be taken into account then it becomes more relevant. In most of the third world country ‘red tape vicious circle’ is a usual nuisance under bureaucratic formulations. (Fletcher, 72) But to overcome it if anything is to be done is the entire reconstruction of the system itself. The governing body must make sure to provide the employees with a structure that motivates and accelerates the work efficiency of the employees. Continue Reading »

It is widely believed that one can fool anybody for all time, one can fool everybody for a short time but it is impossible to fool everybody for all time. This is the focal point of the above statement. I believe that an organization is a long termed project and not just a sort termed profit making scam. To attain success in the long term and attain success an organization must look into issues that would help the organization in the long term. One such issue is to maintain sustainability over a long period of time and to attain sustainability the most important variable related to an organization is Trust with a capital T. It is this trust that helps an organization to be fruitful and develop. By using the word ‘trust’ it is not meant to be applicable to any specific firm or individual. It is not only applicable towards clients and suppliers but it is relevant to everybody associated with the company or organization. Continue Reading »

Many factors contribute to a company’s success or failure. Company is defined by more than just its product or service. An effective organisation has much strength in its favour to remain competitive. Factors such as: flexibility, creativity, openness to use of technology and innovations, a balance between core and context, communication across the organisation and talented employees are a must for competitive advantage (Wignaraja 2004). It is an organisation’s ability to adjust to changing times that creates a foundation for the public to admire. Integrity is crucial. Upholding the company’s value system and word to the public remains a key facet for success. Building any strategy or campaign on this premise presents the best possible and true corporate image to the public and allows for a great amount of trust to form. This paper will explore the notion that an organisation has greater ability to focus on the core when it utilises available technologies and resources to handle its context. This may mean outsourcing some of their processes in order to gain greater optimisation. First, the organisation must have the ability to value technology and innovation. Today’s telecommunication is a triumph for human ingenuity and spontaneous order. In some parts it embodies leading edge technology like Asynchronous Transfer Mode but really it is the use of new technologies combined with older ones that makes the Internet so fascinating and vital to business. Specifically the Internet ends distance limitations and it empowers individuals in important new ways to create new enterprise (Gasman 2005, p. 2). The Internet is relatively vast in its freedom. Unlike the traditional telephone, the Internet is not charged by the mile or any distance. This brings people together. Continue Reading »

Management in Japan, as well as in any other country, reflects its historical features, culture and public psychology. It is directly connected with social and economic setup of the country. Japanese methods of management are radically distinct from European and American. It doesn’t mean that the Japanese operate more effectively. It is possible to tell more likely, that main principles of the Japanese and European management lay in different planes, having a few points of crossing.

The Japanese management is based on collectivism. It uses all moral and psychological levers of influence on the person. First of all, call of duty to collective, which is almost identical to feeling of shame in the Japanese mentality. Considering the fact that Japanese tax system works on getting citizen’s incomes and welfare to some average value, by progressive-fiscal mechanism, welfare stratification in society is minimal, therefore it enables to use feeling of collectivism as effectively as possible. Continue Reading »

Global business management can be defined as the interaction of people from different cultures, societies, and various backgrounds in undertaking various business activities with the aim of achieving their goals for example earning profits from their investments. Because of invention of advanced technology the world has increasingly become a village and as a result global business is the modern form of business in this 21st century. Because of globalization there have been great disregard to national borders, governments have lower hand in controlling the flow of their economies and MNC’s are now not restricted to only one particular country as it was before.

The reality and existence of globalization can be witnessed when patterns of trade are considered, for example the general level of imports and exports in several countries have magnificently increased over the past few years. Also globalization have led to significant increase in production of business services for example firms dealing with Just-in-Time (JIT) ideas have led to customers getting information .e.g. of accounting and auditing conveniently. Also due to globalization financial systems organizations have now been integrated and they work as one unit thus enhancing the chances of conducting business globally for example through the use of Credit Cards and the existence of flexible exchange control systems in many countries. Continue Reading »