Age, gender, ethnicity, race, marital status, religious belief, sexual identity, and economic status are factors that contribute to diversity. Managing Diversity is a strategy for developing and sustaining a positive workplace culture in which employees’ similarities and distinctions are acknowledged. Reasons for Diversity at the Workplace The reasons for increasing diversity at the workplace is […]
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Evolution of Hindi Films (Indian cinema)
The evolution of Hindi films, from the first film Raja Harishchandra, to the golden age of Bollywood, and to the modern times. Cinema is an integral part of the lives of Indians, and a great source of joy and excitement. Even in the first few decades of its existence, Hindi films managed to capture the […]
Principles of Management
The principles of management encompasses concepts and practices related to effective management within organizations. For example, Henri Fayol’s fourteen principles of management lists guidelines for division of work, unity of command, equity, etc. for managing organizations effectively. Here are various concepts related to effective management within firms. An organisation is a social entity that is […]
Management Practices at McDonald’s: Case study
McDonald is a very well-known brand and is considered as the master of fast-food service. One of the main reasons for the success of McDonald’s is its careful design of the fast-service system. You can expect the same quality of product and service (for most of its products) at all McDonald’s locations across the world […]
The Experience Economy: Concepts
The Experience Economy recognises the significant importance of experiences in shaping individuals’ perceptions making businesses create compelling experiences for their customers. In the previous service economy, companies simply wrapped experiences around their services to sell them better. However, there is now a paradigm shift where businesses are deliberately designing engaging experiences that command a ‘fee’. […]
Airbnb: Case Study
Strategies adopted by Airbnb to succeed such as use of technology to become big (without investing in real estate), competing with 5-star hotels. INTRODUCTION What is Airbnb? Airbnb operates an online marketplace and hospitality service for people who wish to lease or rent their property for short-term lodging. People use the platform to list holiday […]
What’s Inside an Annual Report and Why Does It Matter?
Understand the annual report and its key components and why they are more just numbers. Here’s your ultimate guide to company performance metrics. Learn to interpret and analyse the Income Statement and Statement of Financial Position. What is the Annual Report? The annual report is a comprehensive report that provides information on the financial performance […]
The Wreck of Titanic: Poem Summary and Notes
Written by Benjamin Peck Keith, the poem “The Wreck of Titanic” talks about the bravery of the captain and the crew of the ill-fated ship. Q. “Hard a starboard-full speed astern.” What was the intention behind the order? or What was First Officer Murdock’s immediate reaction just after he had seen the huge mountain of […]
Understanding Financial Ratios: Definitions and Examples
Understand more about financial ratios and what they inform about the business. Learn to calculate and analyse some key financial ratios and draw overall conclusions about a business based on these ratios. “A set of accounts is like a book, which contains the story of a business…but like any good book there is a hidden […]
Public Sector Undertakings (PSU) in India
Project: To study a public sector undertaking and identify its type. Object: The objective of this project is to acquaint the students with the functioning of public sector. Organisation of the Project: The subject teacher will ask each student of his/her class to study the annual report of a public sector undertaking. The student will […]
Agency Theory & Agency Problem Explained
Agency Theory is the framework that explains the relationship between business principal and their agents. and Agency Problem is a specific issue that can arise within that framework. What is the Agency Theory? Agency Theory is a framework that explains the relationship between business principals (who hires someone) and their agents (who acts on the […]
Board Diversity: Diversifying the board for better governance
A diverse board can promote transparency, ethical behavior, and responsible decision-making. The need for better corporate governance is causing an increasing interest in board diversity, and it is now an important issue for managers, directors and shareholders. As a result, more studies are being carried out within corporate governance to understand how board composition influences […]
Understanding Psychic Distance in Internationalization
Psychic Distance is an often discussed theme in internationalization of firms. Psychic Distance refers to the differences in the business environment between the nation of origin (of a firm) and the foreign market. This is considered a one of the factors that disturbs the flow of information between firm and the market. Greater the Psychic […]
Trompenaars and Hampden-Turner’s Seven Dimensions of Culture
Trompenaars and Hampden-Turner’s “Seven Dimensions of Culture” model offers useful insights for managing cross-cultural interactions in both professional and personal settings. It explains national cultural differences in organizations and ways to effectively manage these differences in a heterogeneous business environment. Seven Dimensions of Culture Trompenaars and Hampden-Turner (1998) introduced a set of cultural dimensions based […]
The Born global model of Internationalization
Some newer firms are not gradually approaching global markets but they are jumping directly into global markets. Such firms are termed ‘Born Globals’. The Born Global Model is a business strategy in which a company engages in international business right from its inception. This is a contradictory approach to most other traditional internationalization models, which […]
The Uppsala Internationalization Model
The Uppsala model of Foreign Direct Investment (FDI) is a theory that explains the internationalization process of firms. The model argues that firms invest in countries which are similar to their home countries. During the 1970’s a number of Swedish researchers at the university of Uppsala focused their interest on the internationalization process. They studied […]
Geography Project for Class 9 Students: Topics and Sample Projects
Here’s how to make Geography Projects for Class 9 students. Find sample projects and the best structure to incorporate while making Geography projects. General Instructions You may use the following structure for writing the project: Cover Page, Index (List all the topics in the right order), Introduction, Main Body, Bibliography, Acknowledgements. Your written work must […]
Dunning’s Eclectic Paradigm (OLI Framework) Explained
The electric paradigm (OLI) remains the most dominant theory to explain the activities of Multinational Enterprises (MNEs). Developed by Dunning, the OLI model explains that the choice of market selection depends on three economic advantages known as ownership, location and internalization advantages. Eclectic Paradigm (OLI) The eclectic paradigm or the OLI framework (OLI stands for […]
History Project for Class 9 Students: Topics and Sample Projects
Here’s how to make History Projects for Class 9 students. Find sample projects and the best structure to incorporate while making History projects. General Instructions Your written work must be complemented with relevant pictures/ photographs. It’s a good practice to use a caption for all the pictures /photographs that you use. If possible, try and […]
Who is a Stakeholder? Definition and Examples
Stakeholders are individuals or groups that depend on an organisation to fulfill their own goals and on whom, in turn, the organisation depends. A stakeholder is anyone that has an interest in a business; these can be in the form of customers, employees, suppliers and community. Stakeholders include all those invested and involved in, or […]
