Recruitment refers to the process of finding possible candidates for a job or a function. According to Flippo, “Recruitment is the process of searching for prospective employees and stimulating them to apply for jobs in an organization.” It has been defined as the process of searching for prospective employee andRead More →
Multinational Corporations (MNC) – MNC`s are huge business organizations which extend their business operations beyond the country of its origin. They are multi-product and multi-process enterprises who extend their business activities in various countries through a large network of industries and marketing operations. A MNC can be simply defined asRead More →
The term ‘promoter’ has been defined under section 2(69) of the Companies Act, 2013. As per this section it refers to a person- a) Who has been named as such in the prospectus or is identified by the company in the annual return; b) Who has control over the affairsRead More →
M Commerce can be defined as any electronic commerce activity conducted over a wireless network through mobile devices. It includes activities such as buying and selling of goods, provision of services and information, online transactions etc. Wireless networks like GSM, CDMA, TDMA, GPRS and UMTS enables a user of aRead More →
Job design is the organization of tasks, duties and responsibilities of human resources in an organization. The main focus is on allocation and distribution of duties, authority and responsibilities to a job in an organization. Job designing involves careful analysis of the mental capacity, efficiency and motivation of a workerRead More →
Capital refers to the total investment of a business in terms of money and assets. Capital requirements for a business can be determined on the basis of size and nature of the business concern. It is the integral and major part of all business activities and may be acquired fromRead More →
Discipline simply means order in work and conduct of organizational members. Discipline is necessary in an organization to ensure that all employees of the organization follow the rules, regulations and procedures while carrying out their job. According to Dale Beach, “Discipline regulates (by reward or punishment) the human behaviour inRead More →
According to sec 2(20) of the companies act, 2013 “’A company is a company formed under the companies Act 2013 or under any of the previous acts relating to companies.” A company may be defined as “an incorporated association which is an artificial person, having a separate legal entity, withRead More →
Social Responsibility of a business can simply be defined as activities that a business conducts over and above the statutory requirements of a business for the benefit and welfare of the society. According to Howard R. Bowen “Social Responsibility of business refers to the obligation of business to pursue thoseRead More →
SWOT analysis – It was developed in 1960`s at Stanford research institute. SWOT Analysis is a strategic management technique to understand the internal and external environment of an organization in terms of its strengths, weaknesses, opportunities and threats. S = Strength W = Weakness O = Opportunity TRead More →
Project management refers to the application of man, machinery, money and knowledge to achieve objectives of a project. A Project may be defined as “a system involving coordination of different departments throughout the organization which must be completed within prescribed schedule and budget constraints.” A Project is essentially an organizedRead More →
Project Financing is the activity of raising funds from the market, required to finance an investment proposal. Lenders primarily rely on the estimated cash flow or potential earning capacity of the project to service their loan. There are several means of finance which are used to meet the cost ofRead More →