Articles
Advantages and Disadvantages of Just-In-Time Manufacturing
JIT aims to reduce wastage through various means, key among them being reduction of (a) inflated inventory, (b) superfluous stores personnel, (c) paperwork, and (d) other activities that do not add value. It involves the redevelopment of storehouse and plant layout to reduce time for material movement, eliminate physical processes, and slash costs associated with such factors.
Management Techniques: The Corporate Leadership Guide
Recent times have however seen the emergence of a number of models that challenge traditional concepts of leadership. Management experts state that whilst the concept of the manager as leader and individualist superhero has been widespread in SME and general business literature, such concepts are now being challenged and that opinion is building up not only on the need to discard such traditional stereotypes but to appreciate that business purposes are better served by shared leadership and collaborative business practices, which are widely distributed throughout organisations.
Human Resource Management: Get the Best of both Worlds by Combining Learning and Development
It is imperative to consider the intricacy and assortment of training in order to validate the criticality of comprehending the distinct learning and developmental requirements of employees in the preparation of suitable training and development packages
Communities of Practice: Impact on Organisations
Knowledge management specifically aims at converting tacit knowledge into explicit knowledge and thereafter again into tacit knowledge in an ever growing cycle of expansion and regeneration. Called knowledge spirals by Nonaka and Takeuchi, such processes used to traditionally occur through informal and totally voluntary work groups who had particular knowledge, and are now being attempted in progressive organisations through the use of knowledge creating processes like Communities of Practice.
Causes and Effects of the 2008 Recession
Increasing defaults led to the bankruptcy of many mortgage lenders. The banks and financial institutions that had purchased the mortgage debt from such mortgage companies were also affected badly and had to write-off large scale losses. Such losses were not restricted to the banks in the United States but occurred across banks and financial institutions in the UK and other countries in Europe. A number of banks faced severe credit problems and needed to borrow money from other banks. During this period it became very difficult for banks to gauge the financial health of other companies in the sector. Bank and institutional failures kept occurring sporadically, sometimes occurring after intervals of a few months; each such gap belying people into believing that the worst was over.
Regulation Analysis: Examination and Analysis of Regulation in Business
Statutory regulation is becoming more necessary because self-regulation is associated with the creation of environments that are favourable for the suppression of competition and for the construction of cartels. Self-regulation often proves to be inadequate because of the lack of jurisdiction of exchanges over individuals and organisations, who are not their members, as also by their lack of criminal authority
Cultural and Linguistic Challenges in International Business
MNCs have become exposed to various cross-cultural challenges, stemming from differences in the national cultures of their home and host locations and the linguistic diversity of their geographically dispersed operations. These corporations have adopted several types of strategies for managing these challenges, some of which have in turn resulted in the development of other problems.
Consumer Behaviour and the Spa Industry
Contemporary spas, business establishments that offer a variety of services for enhancement of physical and emotional pampering, constitute a rapidly growing sector of business and trade activity.
Spas are making a huge resurgence and their numbers are growing across the world. Their services are expanding to include a wide range of offerings, both modern and traditional, and originating from different parts of the world, to meet the needs of their expanding clientele.
Psychologists and behavioural experts attribute the growth of spas to the wave of hedonism that is spreading through western society. The decisions by consumers to increasingly visit spas are also felt by many to be irrational and not associated with quantifiable benefits.
This study attempts to investigate and analyse consumer behaviour toward the spa industry, with special regard to its rationality, and the implications of such behaviour for marketing professionals.
Capitalism versus Colonialism: Which is better?
Even as tenets of capitalism were being adopted and progressively improved in Europe, the commencement of colonialist adventures in the 15th and 16th centuries by European powers led to the progressive colonisation of the Americas, Africa, and Asia over the next two centuries and probably to the darkest era ever witnessed by the world
How to Create an Organisation where Employees Behave
Notwithstanding evolution of management theory and practice towards control of employee behaviour, failures in controlling of employee behaviour keep on happening and are considered to be one of the main reasons behind the continuing difficulties in management of change
What is the difference between Orthodox and Heterodox Economics?
This paper delves into the similarities and differences on the role of money in the heterodox and orthodox economic frameworks. Traditionally literature on economics, both at the introductory and advanced levels relate the orthodox monetary theory with the quantitative theory of money. The heterodox monetary theory, an alternative to the neo-classical monetary approach, has a wholly different perspective on the nature of money. It posits that money supply is essentially endogenous in nature and is determined within the economic system by the requirement for credit across the economy.