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Capital Budgeting

Sunday, August 22, 2010, 5:33
Finance
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Historically, the role of accountants have been limited to office work where they were used to manage the affairs of daily accounting and record keeping. When the economic horizon broadened and expanded business operations beyond the borders of their homeland and sustained investment in long-term projects and companies wrap for many years the role of typical counters became worthless and new approaches emerged in ... Full article

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Value Chain Analysis

Thursday, July 15, 2010, 15:17
Strategic Management
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Value chain analysis or value chain, both refer to the same concept. This concept of value chain analysis was put forward initially by Michael Porter in 1985. This concept relates to business management. It entitles all the niche activities and the strategies, carried out to value the customer. This concept was deduced to develop sustainable competitive advantages for an organization within the business arena ... Full article

Theory X and Theory Y

Thursday, July 8, 2010, 13:25
Management
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Theory X and theory Y are one of the known theories of motivation, which was developed and created by Douglas McGregor in 1960s at MIT Sloan School of management sciences. McGregor asserted that social needs were just as important to workers as economics. In fact, social factors can most important motivational factors in the workplace. This theory is well known and is being studied ... Full article

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Functions of Management

Thursday, July 8, 2010, 13:21
Management
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Management – in terms of business and organizational activities is a set of skills and knowledge which is implemented to motivate and empower people to gather on a similar platform to share mutual interests and accomplish similar goals and objectives, pertinent to the company’s vision. Within the management techniques; include resourceful planning, staffing, organizing, leading, directing and controlling on the whole. In broader terms, ... Full article

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Change Management

Wednesday, July 7, 2010, 11:26
Management
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The transitional change in the structured approach of teams, individuals and organization as a whole – from the present state to the expected state in the nearest future, is studied in change management. According to Alvin Toffler, Future Stock (1970) “The next few decades will bring about an avalanche change that most people and organizations will not be prepared for the vastly accelerated pace ... Full article

Tags: change management, change management approach, change management tools

Time Management

Wednesday, July 7, 2010, 10:58
Management
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Time management is a technique through which an individual synchronizes his daily set of tasks, strategies and planning in such a way that each task becomes successfully productive and is implemented accordingly. The need of time management was completely vague a few years back, but now the idea has been evinced out to ensure innovative outcome, rather than to jumble up the things. An ... Full article

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Corporate Social Responsibility

Wednesday, July 7, 2010, 10:25
Management
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Corporate social responsibility (CSR) refers to a stream of responsibility which has been induced by bigger corporations. According to a definition, the corporate social responsibility is one of the forms of corporate self-regulation which is integrated in to a business model. It is a commitment of an individual to not only abide by ethical behavior, but also to contribute towards socio-economic development, while enhancing ... Full article

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Maslow’s Hierarchy of Needs

Wednesday, July 7, 2010, 10:20
Management
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Abraham Maslow was one of the greatest psychologists of time, who made an impact in the field of psychology and as well as the society as a whole, in understanding the world around them and which they live in. Abraham Maslow introduced a new face of studying human behavior and its analysis during different stages within a person’s life. His self-given new concept of ... Full article

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Services Marketing

Monday, July 5, 2010, 16:28
Marketing
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According to the older definition, marketing is to diffuse the idea of your product or service in to the potential market, in order to gain loyal customers, increase their retention ratio and retain them. But now the similar concept has been a bit modified in the way that marketing now is to provide a solution to the potential people that meet up their needs ... Full article

Tags: service marketing concept, service marketing strategies, services marketing, what is service marketing

Customer relationship management (CRM)

Sunday, July 4, 2010, 8:00
Marketing
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Customer relationship management (CRM) – is a process in which customers are acquired, after understanding and fulfilling their expectations and requirements and presenting them with the tentative solution for their needs. The process hence focuses on attracting the customers after the proper integration of certain set of strategic marketing strategies. It is a process of total commitment of the part of organization. It includes ... Full article

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