Go to Part 1 Human resource Management encompasses activities which are designed to provide for and coordinate human resources of an organization. Functions of Human Resource Management Managerial Functions Operative Functions Planning Procurement Organising Human Resource Development Directing Compensation Management Staffing Human Relations Controlling Procurement Human Resource DevelopmentRead More →
Every organization has resources in terms of Men, Material, Money and Machinery. An organization aims at optimum utilization of these resources in order to succeed in the long run. Since optimum utilization of money, material and machinery depends upon the quality of people of the organization, therefore people are theRead More →
Go to Part 1 Goals/Objectives of Financial Management – Profit Maximization [Traditional] Shareholders wealth Maximization [Modern] Profit Maximization – It is a traditional and narrow approach which aims at maximization of returns by the firm in terms of monetary resources and increasing the earning per share of the shareholders. UnderRead More →
Finance is the art and science of managing money. The discipline of finance is concerned with the procurement, allocation, application and disbursement of money by a business entity in order to maximize its return on invested capital. It includes financial services and financial instruments. The subject of finance is dividedRead More →
International Market Intermediaries are middleman or intermediaries who act as channel members in the product distribution channel. They facilitate the sales process buy linking buyers with sellers. International Market Intermediaries are responsible for seeking potential buyers/sellers , negotiating terms of trade and importing/exporting the products to the end user. Read More →
Regional economic Integration refers to cooperation between various countries of a particular region in order to develop that particular area. It includes economic integration of various trading areas of different countries. It is also known as Regional trade block, Regional economic forces and Regional grouping. A regional trade block isRead More →
Tariff and Non Tariff Barriers Tariff and Non-Tariff Barriers are restrictions imposed on movement of goods between countries. It can be levied on imports and exports. Tariff and non tariff barriers are imposed for various reasons such as – (i) National Security – Countries enforce tariff and non-tariff barriers toRead More →
Business Plan A Business Plan is a blueprint of the step by step procedure that would be followed in order to convert a business idea into a successful business venture. It involves the following tasks – Identifying business opportunities and an innovative idea Researching the external environment for opportunities and threatsRead More →
A careful analysis of various factors have to be done before entering a foreign market in order to choose to most profitable market. These factors are :- A) Country Specific Factors – Laws and Regulation of the Country Infrastructural Conditions Property rights and Legal framework Political Factors Cultural Factors Read More →
International Business International Business refers to the global business where goods and services are exchanged between countries. It involves transfer of goods, services, information, resources, capital etc. International business comprises of all commercial transactions that take place between two or more countries beyond their political boundaries. These transactions may takeRead More →
Difference between Domestic and International business Domestic Business International Business Geographic Area It is carried out within the national or geographic borders of the country It is carried out across borders and national territories of a country Restrictions Tariffs and quotas are not present and very few local restrictions areRead More →
Women Entrepreneurship Women entrepreneurship is the process in which women initiate a business, gather all resources, undertake risks, face challenges, provides employment to others and manages the business independently. Approximately 1/3rd of the entrepreneurs in the world are women entrepreneurs. According to definition given by Government of India –Read More →