Management Skills

By | April 3, 2020

There are various abilities and traits which an ideal manager must possess so as to accomplish the tasks of the company. Prof. Robert Katz has bifurcated managerial skills into three sub-parts. They are as follows: Conceptual Skills: These skills induce the person to have a vision about the organization as a whole. Conceptual skills are an amalgamation of… Read More »

Porter’s Five Forces

By | November 19, 2019

Porter’s Five Forces is a useful understanding of the competitiveness of your business environment, and for identifying your strategy’s potential profitability. Porter’s Five forces are: Threat of Entry Bargaining power of suppliers Bargaining power of buyers Threat of Substitutes Rivalry among competitors 1. The threat of entry: Depends on barriers of entry and expected retaliation. Factors influencing barriers… Read More »

Gagne’s Nine Levels of Learning

By | May 25, 2019

Gagne’s Nine Levels of Learning is also known as Gagne’s Nine Conditions of Learning. Gagne’s Nine events of instruction or Gagne’s taxonomy of learning. Gagne’s nine-step process that detailed each element required for effective learning. The model is useful for all types of learnings, you can see these nine steps in the figure below. Robert Gagne, in his… Read More »

Types of Information Systems

By | December 12, 2018

There are various types of information systems, few of them are listed below: Transaction processing system Decision support system executive information system Management information system Workflow system Enterprise resource planning and Expert systems. About each one of the information systems explained below in brief. 1. Transaction Processing Systems (TPS) A Transaction Processing Systems (TPS) is used primarily for… Read More »

National Policy for Empowerment of Indian Women

By | June 15, 2018

National Policy for the Empowerment of Women was adopted in the year 2001. The goal of the policy is to bring about the advancement, development and empowerment of women. Specifically, the aims of the national policy for empowerment of Indian women include: Creating an environment through favorable economic and social policies for the full development of women to enable them to… Read More »

International Maritime Bureau (IMB)

By | June 13, 2018

The International Maritime Bureau (IMB) has MOU with the World Customs Organization (WCO) and has observer status with Interpol (ICPO). IMB’s primary responsibility is to protect the integrity of international trade by seeking out fraud and malpractice. For over 25 years, it has used industry knowledge, experience and access to a many well-placed contacts around the world to do this:… Read More »

Relationship of Finance to Economics and Accounting

By | June 13, 2018

Financial management has a close relationship with economics on the one hand and accounting on the other. Relationship of Finance to Economics: There are two essential linkages between economics and finance. The macroeconomic environment defines the setting within which a firm operates and the microeconomic theory provides the conceptual underpinning for the tools of final decision-making. Key macroeconomic factors like the… Read More »

Different Types of Clouds

By | May 20, 2018

Clouds are defined as aggregates of innumerable tiny water droplets, ice particles or a mixture of both in the air generally much above the ground surface. Clouds are formed due to condensation of water vapor due to the uplifting of air known as adiabatic cooling. Different types of clouds are generally classified on the basis of their form,… Read More »