International business plays an important role in the economic development of a country as it gives greater businesses opportunity to sell the goods and services they produce. When a business organization is dependent on its domestic market, it is more likely to failure in this domestic market. Capable of selling internationally significantly reduces the chances …
Category Archive: Business Analysis
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Jan 09
Why Central Bank Conducts Open Market Operations
Open market operation is the most powerful instrument for the central bank to conduct open market operation to buy and sell in open debt markets and government securities for its own account. These securities may be treasury securities, treasury bonds, treasury bills and other kinds of debt securities. The central bank prefers to use treasury bills …
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Jan 05
Theory of Operations Management
As operations management deal with the improving manufacturing performance of a firm, it involves the responsibility of assuring that a firm’s operations are well-organized through the proper utilization of resources that the customers’ needs and demands can be fulfilled in an efficient manner. The primary purpose of operations management is to convert raw materials into …
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Jan 05
How Stakeholders Influence on Business Activities
A stakeholder is someone who has a direct or indirect stake in the business organization. As operations management deal with many different types of stakeholders, stakeholders either affect the business operations or they affected by it. There is a range of stakeholder who affected by operational management problem, can be listed below:- Stakeholders Influence on …
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Nov 26
What are the General Sources of Secondary Information
The important sources of secondary information useful for market and demand analysis are given below: Census: A decennial publication of the Government, it provides inter alias, information on population, demographic characteristics, household size and composition and maps. Plan reports: plan report issued by the planning commission usually at the beginning, middle and end of the five years …
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Nov 25
Employee Training Approach: On the Job and Off the Job Training
The most popular training and development methods used by organizations can be classified as on the job and off the job training. Both employee training methods are essential for an organization that ensures employee development through practical training as well as learning. On the Job Training: The most widely used training methods take place on …
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Nov 20
Why Employee Training is Important for Organizations
Employee training has become increasingly important as jobs have become much more sophisticated and influenced by technological and corporate exposure changes as well. The objective of employee training is to enable and acquire the knowledge, skills, abilities and attitudes necessary to enable them to improve their on the job performance. Employee training should focus on …
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Nov 19
What is Employee Turnover
Employee turnover refers to employee retirement, employee resignation and employee redundancy. Human resources department of a corporation cannot make exact plan for employee turnover because there are some factors, for example employee resignation, which are beyond its control, corporation can only monitor employee turnover carefully to ensure the department will have reasonable difficulties in retaining …
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Nov 16
What are the Characteristics of Corporate Governance
Corporate governance is the process by which companies are directed and controlled. It deals largely with the relationship between the Board of directors, the management committee and the shareholders. Transparency and accountability are the most common elements for practising good corporate governance. Corporate governance is all about of financial disclosure that leads to fair deals with its …
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Nov 15
Types of Letter of Credit
Letter of credit financing is a special export oriented services provided by banks and banks open inland or overseas letter of credit on back to bank basis on requesting the beneficiary of foreign irrevocable letter of credit received from the foreign buyers and importers. This type of export financing facilities given to the main manufacturer and …
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