Articles on Operations

• Decision Support Systems – Introduction, Categorization and Development

  When it comes to good decision making, relying too heavily on automatic decisions stemming from perception or depending too much...

  Read more
• Disaster Recovery and Business Continuity Plan

  Modern day world is extremely complex and interwoven with a lot of variables and uncertainties. Managing businesses is extremely tricky...

  Read more
• Enterprise Resource Planning (ERP) – Meaning, its Need and Advantages

  There are various ways in defining an Enterprise Resource Planning System. This is how it has been defined by American...

  Read more
• Human Resource Information System (HRIS): Meaning, Evolution and its Features

  In the contemporary scenario of modernization and globalization, organizations heavily rely upon technological advancement and innovation in the field of...

  Read more
• Management Information System – Understanding Information Systems

  Introduction In today’s information and communication age, there is a constant reference to information systems and management of information systems....

  Read more
• Introduction to Intellectual Property Rights

  Intellectual Property Rights (IPR) safeguard the creations of the mind, offering legal protection to inventors, artists, and businesses for their...

  Read more
• Introduction to International Business

  With the globalization of the world economy, there has been a concomitant rise in the number of companies that operate...

  Read more
• Perspective on International Trade – Meaning and Important Concepts

  International trades between countries and across continents have existed for centuries including previous civilizations. Traditionally international trade consisted of traded...

  Read more
• What is Inventory Management – Definition & Types of Inventory

  In any business or organization, all functions are interlinked and connected to each other and are often overlapping. Some key...

  Read more
• Planning Functionality of an ERP System – Setting up of Planning Engine

  In customer centric business environment, it is critical to have an effective plan to manage production capacity, materials availability and...

  Read more
• Production and Operations Management – Meaning and Important Concepts

  Introduction The very essence of any business is to cater needs of customer by providing services and goods, and in...

  Read more
• Project Management – Definition and Important Concepts

  Project Management is the art of managing all the aspects of a project from inception to closure using a scientific...

  Read more
• Six Sigma – Introduction to Analyze Phase

  The Six Sigma philosophy believes in statistical facts. There is no room for error and therefore there is no room...

  Read more
• Six Sigma Control Phase: How Statistical Process Control Works?

  Control is all around us. We control the household appliances, the time schedules we follow and such mundane tasks of...

  Read more
• Six Sigma – Introduction to Measure Phase

  The mention of the Measure phase of the Six Sigma module brings into mind pictures of statisticians performing complex operations...

  Read more
• The Six Sigma Team

  The Composition and the Reporting Structure Any Six Sigma Team usually has 7 types of personnel and a three layer...

  Read more
• Six Sigma – Definition and its Origin

  Six Sigma is a data-based methodology to improve performance by reducing variability. It requires thorough understanding of product and process...

  Read more
• Supply Chain Management – Definition and importance of its strategies

  Definition of Supply Chain Management If you go to a Supermarket and pick up a few items off the shelf...

  Read more
• Total Quality Management – Meaning & Important Concepts

  To understand the meaning of “Total quality management”, let us first know what does Quality mean? Quality refers to a...

  Read more
• What is Globalization ? – Meaning and its Importance

  We often hear the word globalization in many contexts and repeated frequently as a concept to denote more trade, foreign...

  Read more
• Introduction to Business Continuity Management

  We all need the support services that we often take for granted to be available to us 24/7 and whenever...

  Read more
• Business Process Improvement – A Perspective

  Development of Global Business Organizations, Multi National Corporations and the Corporate has always found a lot of academicians as well...

  Read more
• Business Process Management – Meaning and Important Concepts

  The Wealth of Nations by Adam Smith is perhaps one of the most influential books on Economics in all history....

  Read more
• What is Business Process Outsourcing? – Meaning and Important Concepts

  In recent years, the term Business Process Outsourcing or BPO has gained prominence and the trend of outsourcing back office...

  Read more
• Check Sheet – A Basic Six Sigma Tool

  A check sheet is a simple tool that was once a part of the seven basic tools of six sigma....

  Read more
• Closing a Six Sigma Project

  As we have seen, Six Sigma is an elaborate methodology. It requires time to learn and even more time to...

  Read more
• History of Database Applications

  One of the most important purposes of development of computer systems was the database application which could have been used...

  Read more
• Database Concepts and its Application in HRIS

  Information Technology is the application of computers and techniques to restore retrieve and manipulate data often within an organization. To...

  Read more
• Demand Planning and Master based Planning

  Demand Planning: The objective of this function is to create a demand plan, based on historical sales data. The demand...

  Read more
• Emerging Markets and International Business

  International Businesses and the Opening up of Emerging Economies The previous articles in this module have discussed the contours of...

  Read more
• The Future of BPO (Business Process Outsourcing) in India

  India has emerged as a hot destination for BPO work in recent years. The success is mainly due to the...

  Read more
• Gaining Competitive Advantage with Decision Support Systems

  Over the last five decades, Decision Support Systems (DSS) have come a long way. They have transformed from automated systems...

  Read more
• The Global Economic Crisis: A Brief Introduction

  In previous modules, we have alluded to the global economic crisis and the impact it had on the various sectors...

  Read more
• Growth and Historical Evaluation of ERP

  Use of computer systems is a post second world war phenomenon. The first working computer was developed by two scientists...

  Read more
• History of International Trade

  Any time you walk into a super market and pick up any stuff like a knife or a toy and...

  Read more
• Importance of Quality Management

  “Quality management” ensures superior quality products and services. Quality of a product can be measured in terms of performance, reliability...

  Read more
• Inventory Management Concepts

  Inventory management and supply chain management are the backbone of any business operations. With the development of technology and availability...

  Read more
• Information Technology – A Key Driver of SCM

  Supply Chain Management is a broad-based function that encompasses all business and operational processes involved in but not limited to...

  Read more
• Organizations Need of the Day – Business Process Improvements

  Today the need of the hour is for the Organizations to be competitive and embracing new methods, processes, to keep...

  Read more
• Operations: Policy and Strategy

  Introduction It is very important for an organization to have well defined objective. A well-defined objective facilitates development of strategies...

  Read more
• Six Sigma – Outputs in the Measure Phase

  A large amount of work needs to be done in the measure phase. This work also has a large impact...

  Read more
• People Driven Organizations

  When organizations were first formed they were largely people driven. Before we delve any further, it would be useful to...

  Read more
• Recording the Results of a Six Sigma Project

  Closing a Six Sigma project is an elaborate exercise. One of the biggest parts of this exercise is the explicit...

  Read more
• Step 1: Selecting the Correct Variables to Monitor

  Since the entire premise of having a Six Sigma process is based on measurement, comparison of measurements and setting corrective...

  Read more
• Six Sigma Team Dynamics

  A surprising number of projects begin without considering the human resource aspect in mind. If a Six Sigma project were...

  Read more
• Types of Analysis in Analyze Phase

  The analyze phase is one of the most dreaded phases in the Six Sigma methodology. There are common assumptions made...

  Read more
• What is Disaster Recovery Plan ?

  Imagine that you are running a small scale organization and have been in business for over five years. You have...

  Read more
• What is a Project?

  According to the PMBOK (Project Management Body of Knowledge) 3rd edition, A project is defined as a “temporary endeavor with...

  Read more
• What is Six Sigma ? – A Tool to Conquer Variability

  Definition of Six Sigma Six Sigma is not a mere methodology or a quality tool. It is a philosophy i.e....

  Read more
• What is Stratification ?

  Stratification is used mostly in the define stage of a six sigma project. When to use the stratification technique is...

  Read more
• The Problem of Piracy and Intellectual Property Rights

  Introduction: The Problem of Piracy No discussion on intellectual property rights (IPR) is complete without mentioning the problem of piracy...

  Read more
• Business Continuity and Disaster Recovery – Important For Every Business and Organisation

  Managing Business operations in current times is a big challenge. Apart from having to keep looking at the bottom lines...

  Read more
• The Changing Face of Business Environment

  Introduction The last decade has shown rapid development in the information technology and its application. This has helped changed the...

  Read more
• What is a Detailed Process Map ?

  The first step in the measure phase of a six sigma project is to create a detailed process map of...

  Read more
• Elements of Total Quality Management

  Quality is an essential parameter which helps organizations outshine their competitors and survive the fierce competition. The success of total...

  Read more
• ERP and e-Commerce

  During 1990s’, the popular method of exchanging information between trading partners were Electronic Data Interchange (EDI) and all major ERP...

  Read more
• Global Economy – Meaning and its Salient Aspects

  The other modules discuss the phenomenon of globalization and the ongoing global economic crisis among other topics. This module is...

  Read more
• Growth and Evolution of Organizations

  It is very interesting to study how Organizations and Businesses grow, evolve, change, mature and also decline over a period...

  Read more
• Handing off the Project to the Process Owner

  After the control charts have been created and deployed, the control phase of the DMAIC methodology comes to a close...

  Read more
• International Business: The Resource Wars

  Finite Resources and Infinite Consumption We live in a world of finite resources many of which are consumed at an...

  Read more
• International Production and Operations Management (IPOM) – Meaning, Nature and Strategies

  Introduction International production and operations management deals with production of goods and services in international locations and markets. It involves...

  Read more
• Limitations & Disadvantages of Decision Support Systems

  Limitations of Decision Support Systems Decision support systems have been incorporated into businesses to support human intelligence for years. However,...

  Read more
• Logistics – An Integral Component of Supply Chain Management

  Supply Chain Management encompasses, planning, design, control and implementation of all business processes related to procurement, manufacturing, distribution and sales...

  Read more
• Need for Inventory Management – Why do Companies hold Inventories

  Inventory is a necessary evil that every organization would have to maintain for various purposes. Optimum inventory management is the...

  Read more
• Order based Planning and Order Promising

  Order based Planning: Order-based planning is the functionality that plans planned orders to cover components and end items. This functionality...

  Read more
• Risks Covered by the Disaster Recovery Plan

  In the highly competitive world of business and marketing, Organizations are pushed to be ahead of the race and walk...

  Read more
• Supplier, Input, Process, Output and Customer (SIPOC) – Matrix

  The Supplier, Input, Process, Output and Customer (SIPOC) Matrix is one of the most important tools that must be used...

  Read more
• Role of Project Champion in Six Sigma Project

  The Project Champion is the person responsible for identifying the Six Sigma Project and making it an organization reality. The...

  Read more
• Systems Considerations in the Design of HRIS

  For implementing any Human Resource Information System (HRIS) project successfully, the system design requirements should be given utmost importance and...

  Read more
• Different Types of Information Systems and their Components

  Introduction An information system is integrated and co-ordinate network of components, which combine together to convert data into information. Components...

  Read more
• What is a Process?

  If you speak to a small business owner about their capability to manage a grocery store, you will constantly find...

  Read more
• What is Hypothesis Testing ?

  What is Hypothesis Testing ? Hypothesis testing is one of the statistical method used to confirm the effect that critical...

  Read more
• What is Project Management?

  A project in any organization is collaboration across departments to achieve a single well defined objective. The process of planning,...

  Read more
• What Six Sigma is Not ? – Fallacies about Six Sigma

  Six Sigma has really become a management buzzword. A lot of people use it in very different contexts. As a...

  Read more
• The Pharma Sector and Intellectual Property Rights: Pros and Cons

  The Case for Patents The Pharma sector is often caught in the fight over whether the enforcement of IPR or...

  Read more
• Advantages and Workings of DBMS

  DBMS today enjoys one of the most important positions when whole IT Structure of an organization is kept into perspective....

  Read more
• Backdrop to International Trade

  Any student or professional wanting to understand more about Imports and Exports would have to understand the history and economic...

  Read more
• How a typical Business Continuity Program Works ?

  In the last decade or so, the threats to the working environment of companies have multiplied ranging from 9-11 type...

  Read more
• Challenges Faced by BPO Firms in India

  It is a fact that India has been at the forefront of the BPO/Services revolution and its firms have garnered...

  Read more
• Step 3A: Choosing the Correct Control Chart (Discrete Data)

  If the data type that needs to be charted is discrete, then it must fall between one of binary or...

  Read more
• Disaster Recovery and Crisis Management

  When we talk about Disaster Recovery and Business Continuity plan for any business or organization, we need to necessarily plan...

  Read more
• Effect of BPO on the Economy of United States

  In previous articles, we looked at how the BPO phenomenon has played itself out in India and other Asian countries...

  Read more
• ERP Vendors and their Products Catering to Different Verticals

  During 1990, ERP market was dominated by few vendors namely SAP, BaaN, Oracle, People Soft and JD Edwards, who were...

  Read more
• Finished Goods Inventory

  All Manufacturing and Marketing Companies hold Finished Goods inventories in various locations and all through FG Supply Chain. While finished...

  Read more
• What Caused the Global Economic Crisis ?

  The previous article in the module introduced the global economic crisis with a brief overview of the causes. This article...

  Read more
• How to Create a Detailed Process Map ?

  Step 1: Decide Between a Normal Process Map v/s Swim Lanes Process maps can be built in the usual way...

  Read more
• How to Prepare a Business Continuity Management Program?

  The previous articles have mentioned about the need for a business continuity management program and the components of a typical...

  Read more
• Information Systems vs Information Technology

  Introduction It is often observed that term information system and information technology are used interchangeably. In a literal sense, information...

  Read more
• International Trade Integration

  No doubt international trade has existed spanning civilizations, in the current global economic situation no country can keep away without...

  Read more
• Logistics Operations in Supply Chain Network

  Logistics has aided and contributed to enabling global trade. Third Party Logistics Service Providers both at global levels and local...

  Read more
• Managing Technology in Operations Management

  Introduction In last decade or so technology has changed the way organization conduct their business. Advent of technology in operation...

  Read more
• Need for Business Process in Organizations

  To survive and grow your business in the current times, you have got to learn the ropes of business once...

  Read more
• Why Companies Engage in International Business

  To Expand Sales The first and foremost reason is that western multinationals would like to expand their sales and acquire...

  Read more
• Planning for System Implementation

  Planning is the first step involved in system implementation. It is the very basic function which describes effectively the very...

  Read more
• Process Driven Organizations

  Process driven organizations are the exact opposite of a people driven organization. It relies on the principles of Corporate Law...

  Read more
• Rational Approach to Project Management in Organizations

  The evolution of organization theories from mechanistic to people based ones has influenced the approaches taken by managers in organizations...

  Read more
• Service Module – Setting Up and Configuration Control

  It is of utmost importance for any business enterprise to maintain their existing customers. A proper after sales service through...

  Read more
• Role of a Project Lead in a Six Sigma Project

  The Project lead is the second most important person in the entire Six Sigma project exercise. The Project lead reports...

  Read more
• Total Quality Management Models

  Total Quality Management is a combined effort of both top level management as well as employees of an organization to...

  Read more
• Understanding the Confidence Interval

  The confidence interval is a central concept of hypothesis testing. Although understanding its mathematical and statistical meaning is beyond the...

  Read more
• Understanding Sigma Levels

  What Is Sigma ? Sigma or standard deviation is a statistical measure of dispersion in data. It is a measure...

  Read more
• Analyzing Business Decision Making Process

  Continuous analysis of organizational decision-making process is essential to high quality and transparent decisions; otherwise a business runs with a...

  Read more
• Step 3B: Choosing the Correct Control Chart (Continuous Data)

  Just like there are many types of discrete data charts available, there are also many types of continuous control charts...

  Read more
• Conducting the Knowledge Transfer

  The Six Sigma project is not complete until the concerned personnel who have to operate the process have the know-how...

  Read more
• Creating a SIPOC Chart

  The SIPOC Chart, being one of the fundamental documents of any process improvement project must be developed in such a...

  Read more
• Designing and Developing Decision Support Systems

  The business intelligence tools or decision support systems aid decision making in an organization. An effective DSS provides you with...

  Read more
• Disaster Recovery, Crisis Management Plans and Ownership

  When and if a disaster strikes any business operation or organization, what helps the Organization to deal with the crisis...

  Read more
• Technical Foundations of ERP Architectures

  Information technology is changing at a fast pace. Underlying ERP technology is needed to keep pace with first changing IT...

  Read more
• ERP Package – Sales Module

  In the context of growing market competition, organizations are focusing more on closer partnership across supply chain. Increasing efficiency in...

  Read more
• The Global Economic Crisis and its Impact on India

  Much has been written about the way in which India was one of the few countries that was relatively unscathed...

  Read more
• HR Metrics and Workforce Analysis

  HR Metrics and Workforce analysis is a useful strategic tool for HR which shares information and evidences about the functioning...

  Read more
• Identify the Vital Inputs in Six Sigma Project

  The list derived from the detailed process map needs to be shortlisted. This can be done in multiple ways. The...

  Read more
• Impact of Business Process Re-Engineering and Improvements

  In the new world that is fast changing with rapid advances made in science and technology and shrinking borders, the...

  Read more
• Logistics Service Providers keeps Supply Chain Moving

  Procurement Logistics, Manufacturing Logistics and Finished Goods Logistics functions are managed by different independent departments in a company. Though the...

  Read more
• Non Random Patterns – Part 1

  Cyclical Pattern: A cyclical pattern is defined as a predictive situation in which data points increase and decrease the process...

  Read more
• Going From People Driven To Process Driven

  A process driven organization has certain obvious advantages over a people driven organization. Many old fashioned entrepreneurs still prefer to...

  Read more
• Perils and Consequences of Information Overload and Drowning in a Sea of Information

  What is Information Overload ? We are drowning in a sea of information. We are inundated with news, views, opinions,...

  Read more
• Open Systems Approach to Project Management in Organizations

  When organizations have “flat” structures and consist of coalitions of people coming together with multiple loyalties, intersection of the organization...

  Read more
• Proven Quality Management Tools for Professionals

  Quality Management tools help organization collect and analyze data for employees to easily understand and interpret information. Quality Management models...

  Read more
• Role of a Process Owner in a Six Sigma Project

  The process owner is the person who is supposed to be in charge of the improved Six Sigma process. Since...

  Read more
• Understanding Root Cause Analysis (RCA)

  Imagine your company’s biggest client calls with a complaint about product defects. This isn’t the first time and if we’re...

  Read more
• Selecting the Correct Hypothesis Test

  Hypothesis testing is a very detailed subject. Understanding how to correctly conduct these tests is beyond the scope of this...

  Read more
• Six Sigma Methodology – DMAIC and IDOV

  Six Sigma is a process oriented methodology designed to improve business performance by improving specific areas of strategic business processes....

  Read more
• Criticisms of Globalization: Threats to National Sovereignty

  It is not only about Profits Of the many criticisms of globalization, the prominent critique relates to the fact that...

  Read more
• Transnational Corporations and Business Continuity Programs

  Transnational corporations or Multinational Companies as they are also called need to have robust and well thought out business continuity...

  Read more
• Payment Mechanisms in International Trade

  Setting up International Trade Mechanisms involves inter disciplinary processes including Finance, Logistics, Taxation and Supply Chain disciplines. Every Business Manager...

  Read more
• Value Analysis: An Applied Concept for Manufacturing and Service Industry

  Introduction All organizations strive to create value for their customers. This value creates mind space for product and services. Value...

  Read more
• Why and When to avoid Holding Inventories

  Every business organization that is engaged in manufacturing, trading or dealing with salable products holds inventories in one form another....

  Read more
• Evaluating the Financial Benefits of Six Sigma Project

  There has been considerable debate in the industry in the past as to whether Six Sigma projects are worth all...

  Read more
• BPO and the Global Economy – The Powershift to the East

  In recent years, the BPO phenomenon has accompanied the increasing globalization of the world economy and has spawned a shift...

  Read more
• Designing a Decision Support System User Interface

  The effectiveness of a computerized system or a software platform depends on its user interface design. Be it a routine...

  Read more
• Disaster Recovery and Business Continuity Planning Concepts

  In the business world today, every customer expects Organizations to walk the talk. Being sensitive to customer expectations and to...

  Read more
• Effective Product Design

  Introduction Organization success is dependent on customer satisfaction and delight. Customer satisfaction is achieved through development of product and service,...

  Read more
• Is Globalization a Zero Sum Game or a Win-Win Situation?

  When we discuss globalization, we often take into account the fact that both countries that are partners in trade benefit...

  Read more
• Criticisms of Globalization: Growing Income Inequality

  More Losers than Winners The previous articles in this module covered the topic of globalization in depth. Some of the...

  Read more
• How to Use a Fishbone Diagram

  The fishbone diagram, which also goes by a couple of other names like the Cause and effect diagram and the...

  Read more
• International Logistics – A brief introduction

  Supply Chains ride on Logistics Networks and IT Applications/Internet. In this topic a brief introduction to each of the Logistics...

  Read more
• International Payment Systems

  Brief Introduction about International Payments If you have shopped online on international portals or have received payments from abroad, you...

  Read more
• Non Random Patterns – Part 2

  Shift in the Process: A shift in the process is defined as a pattern in which seven consecutive data points...

  Read more
• P-Value in Hypothesis Test – Interpreting the Statistical Conclusion

  What is the P-Value ? The P-Value is a statistical representation of the likelihood that the null hypothesis is true....

  Read more
• Importance of Project Management for Organizations

  Project management is the art of managing the project and its deliverables with a view to produce finished products or...

  Read more
• Risk Mitigation Team and their Role in Business Continuity Management

  In previous articles, we have seen how Business Continuity Programs are formulated and how they are executed in times of...

  Read more
• Role of a Project Coach in a Six Sigma Project

  The Project Coach is the person concerned who is responsible to make sure that the team understand Six Sigma tools...

  Read more
• ERP Service Module – Planning, Warranties and Contracts

  Service Planning – Attending of unscheduled maintenance tasks arising out of breakdown and faults both for internal and external customer...

  Read more
• Six Sigma and Quality Management

  Six Sigma is a business management strategy which aims at improving the quality of processes by minimizing and eventually removing...

  Read more
• Important Concepts of Six Sigma

  Types of Variables In the equation – Y = f(X), Y is the dependent variable and it is dependent on...

  Read more
• The Purpose, Scope and Value of a Six Sigma Project

  Before the Project Begins Six Sigma projects are meant to make the organization efficient. It is for this reason that...

  Read more
• Types of Inventories – Independent and Dependant Demand Inventories

  Inventory Management deals essentially with balancing the inventory levels. Inventory is categorized into two types based on the demand pattern,...

  Read more
• Benefits of BPO to the Target Countries

  In previous articles we have seen how the BPO phenomenon benefits the Western countries (US, Europe etc) by slashing the...

  Read more
• Business Process Reengineering and Best Practices

  Enterprise Resource Planning (ERP) and Business Process Re-engineering (BPR) evolved almost at the same time i.e. 1st half of 1990....

  Read more
• Business Processes Drive Global Excellence

  Managing businesses in highly competitive environment and in global scenario is highly complicated. What has made the global giants like...

  Read more
• Characteristics of Data – Central Tendency and Dispersion

  Converting Data to Information: The goal of a six sigma project is not to produce an overwhelming amount of data...

  Read more
• Communication Systems and Groupware – Information System Concepts that Apply in All Functional Areas of Business

  Introduction Information systems can be defined as set of co-ordinated network of components, which act together towards producing, distributing and...

  Read more
• Components of a Process

  Events: Events are the conditions which must exist for the process to be performed. It is something that happens as...

  Read more
• HRIS: An Evaluation of its Cost and Benefits

  Human Resource Information System (HRIS) often described as Human Resource Management System, in the present scenario can serve as a...

  Read more
• Six Sigma: Deliverables at the end of the Define Phase

  Well Defined Scope of the Project: A well-defined scope of the project is perhaps the most important deliverable of the...

  Read more
• Different types of Data and its Importance

  Data can be described as the backbone of any six sigma project. This is because the whole idea of six...

  Read more
• Disadvantages of the BPO Phenomenon

  In previous articles, we looked at the humungous benefits that the BPO phenomenon brings to the economies of the host...

  Read more
• Disaster Recovery and Business Continuity Sites and Options

  Disaster Recovery and Business Continuity have become an integral part of the ongoing business process with most of the Organizations...

  Read more
• The Drivers of Globalization: Friedmans Flatteners

  The famous author and cheerleader for globalization, Thomas Friedman, in his book The World is Flat identified some key drivers...

  Read more
• Emerging Trends in Information Technology

  Introduction 21st century has been defined by application of and advancement in information technology. Information technology has become an integral...

  Read more
• ERP Life Cycle

  Initial investment in acquiring and implementing an ERP system is substantial in terms of both human efforts and financial resources....

  Read more
• Fredrick Taylor View on Processes

  Fredrick Taylor was one of the earliest thinkers in the field of business process management and also one of the...

  Read more
• Role of Freight Forwarding & Logistics Companies in Supply Chain Management

  Global Logistics Scene is dominated by a handful of ten to twelve multinational Companies followed by smaller companies altogether numbering...

  Read more
• How to Draw a Fishbone Diagram

  Given the usefulness of the fishbone diagram, it is essential that every student of quality and six sigma know how...

  Read more
• International Businesses and Resistance to their Activities

  Global Capital, Local Resistance The previous articles in this module discussed how international businesses expand into overseas markets both for...

  Read more
• Inventory Costs – Ordering Cost, Carrying Cost and Stock Out Cost

  Inventory procurement, storage and management is associated with huge costs associated with each these functions. Inventory costs are basically categorized...

  Read more
• Job Analysis and Human Resource Planning

  A Job can be described as a group of tasks which is assigned to the individual employees for ensuring achievement...

  Read more
• Letter of Credit – Meaning and Different Types of LC

  International trade between an Exporter and Importer would entail multiple transactions in terms of documentation exchange, physical cargo movement as...

  Read more
• Process Design and Analysis

  Introduction The objective of organization is to provide service and product, which satisfy customer and create value for them. A...

  Read more
• Components of Project Management and Stakeholder Management

  There are several components of project management that encompass the spectrum of project management. Right from the initial setting up...

  Read more
• Role of External Consultants in Business Continuity Management

  In previous articles, we have discussed how risk management teams and the management can help in planning for contingencies. In...

  Read more
• Role of a Finance Certifier in Six Sigma Project

  The Finance Certifier is the only member of the Six Sigma Project team apart from the Project Lead that is...

  Read more
• Characteristics of Six Sigma

  Six Sigma is a well-known management breakthrough. There is a dearth of experts who have defined the process in their...

  Read more
• What is Kaizen? – The 5 S Approach

  “Kaizen” refers to a Japanese word which means “improvement” or “change for the better”. Kaizen is defined as a continuous...

  Read more
• Building Decision Support System User Interface

  Decision support systems are now widely used in organizations and military across the world, helping decision makers apply analytical, statistical...

  Read more
• ERP Service Module – Call Handling and Service Orders Control

  Call Handling Proper operation of a help desk is an essential component of proper servicing and resolution of problems. Service...

  Read more
• Change Management and Organizations

  Every Christmas, Apple plays to the gallery where all Americans and the rest of the Apple fans across the world...

  Read more
• What is Correlation Analysis and How is it Performed ?

  Correlation analysis is a vital tool in the hands of any Six Sigma team. As the Six Sigma team enters...

  Read more
• Shapes of Data and Characteristics of Shape

  The shape of the data determines the type of tools that can be used to draw conclusions from it. Here...

  Read more
• DSS Architecture, Networking and Security Issues

  Organizations are decision-driven. The success or failure of each decision impacts a company’s strategy directly or indirectly. If organizational decision...

  Read more
• Disaster Recovery and Business Continuity – Planning Phase

  Disaster Recovery and Business Continuity plans if well planned and implemented can help mitigate risks and loss to the business....

  Read more
• Effect of the Global Financial Crisis on the BPO Sector

  Like other sectors in the corporate world, the BPO sector has been affected by the ongoing global economic crisis. For...

  Read more
• Next Wave of International Business Investing: Emerging Market Cities

  Emerging Market Cities and their Growth Potential Studies have shown that the number of cities in emerging markets is growing....

  Read more
• Globalization and its Discontents

  Globalization is a phenomenon that can mean many things to many people. For the workers and the executives in the...

  Read more
• Impact of Internet Revolution in Business

  Introduction Worldwide influence of the internet is well-established and acknowledged. Penetration rate of the internet has been phenomenal; almost 1/3rd...

  Read more
• Implementation of ERP System – Reengineering vs Customization, Big Bang or Phased Implementation

  Implementation of ERP System, is a complex exercise, involving many process alterations and several legacy issues. Organizations need a implementation...

  Read more
• International Trade Terms – INCOTERMS

  Globalization has given impetus of international trade which is increasing by the day. International trade involves multiple agencies, transportation agents,...

  Read more
• ERP – Technical Modules – Installation and License Management

  Kernel of an ERP system comprises of a technical module (set of tools) which provides a foundation to various application...

  Read more
• Integrated Product and Process Development – Meaning, Advantages and Key Factors

  Introduction Objective of any organization is to provide customer satisfaction by building product and services, which not only satisfy needs...

  Read more
• Inventory Classification – ABC Classification, Advantages & Disadvantages

  Inventory is a necessary evil in any organization engaged in production, sale or trading of products. Inventory is held in...

  Read more
• Japanese View on Business Process Management

  While Fredrick Taylor’s scientific management had help create huge American corporations that were quick to adopt the viewpoint, the 1970’s...

  Read more
• Organizations Gain from Embracing Business Process Improvements

  Business in present times is very challenging and dynamic. The nature of markets, life cycle of products and services as...

  Read more
• What is Pareto Analysis and How it is Applied in Six Sigma Projects

  What is the Pareto Principle ? The Pareto Principle was an observation of a famous Italian economist named Vilfredo Pareto....

  Read more
• Role of Customers in Total Quality Management

  Total Quality management refers to a continuous effort of management along with the employees of a particular organization to improve...

  Read more
• Talent Management and Corporate Strategy: Aligned for Driving Excellence

  Talent Management in the contemporary scenario has received increasing importance from the corporate world and have been acknowledged as the...

  Read more
• Team Management during a Project

  Team Member Selection Team member selection is a process that involves mapping of skills and strengths of each individual member...

  Read more
• Types of Relationships between the Input and Output

  The scatter plot can be a useful tool in understanding the type of relationship that exist between the inputs (X’s)...

  Read more
• Six Sigma Project Team Members

  The actual work done in a Six Sigma project is done by the members involved. The Project Lead, Finance Certifier,...

  Read more
• 3PL Contract Logistics Operations

  While Freight Forwarding is an important function of 3PL Service providers to facilitate the Supply Chain, another equally important function...

  Read more
• Business Continuity Management is more of a Mindset than Theoretical Planning

  The legendary founder of Infosys, N R Narayan Murthy once when asked what his greatest challenge everyday was replied that...

  Read more
• Step 1: Collect and Review Primary Information

  The project begins when the top management assigns responsibility to the Project Champion. The Project Champion usually delegates the task...

  Read more
• The Cost of Poorly Performing Processes – Need for Six Sigma

  Prior to the introduction of Six Sigma philosophy, there was a debate as to whether Six Sigma is a goal...

  Read more
• Data Collection Plan

  A data collection plan is a detailed document. It describes the exact steps as well as the sequence that needs...

  Read more
• Step 2: Defining a Scope for Your Project

  Immediately after receiving the initial information about the Six Sigma Project, scoping begins. Scoping is usually the first task done...

  Read more
• Content of Disaster Recovery and Business Continuity Plan

  Drawing up a good Disaster Recovery plan and a Business Continuity plan involves the senior management of the Organization as...

  Read more
• Evaluation and Selection of ERP Packages

  Evaluation and selection of ERP package is an essential criterion for successful ERP implementation. Quality of selection will have a...

  Read more
• Facility Location – Factors Influencing the Location

  Facility Location is the right location for the manufacturing facility, it will have sufficient access to the customers, workers, transportation,...

  Read more
• Finished Goods Inventory Classifications and Terminologies

  While inventory classification of raw materials for Inventory Management purposes follows ABC Classification, Finished Goods inventory is classified under additional...

  Read more
• Finished Goods Supply Chain

  Buying a Desktop computer for your home or a Laptop for your use is very easy. You browse the internet...

  Read more
• A Global Perfect Storm in 2013: Some Directions for the Global Economy

  According to many respected commentators like Nouriel Roubini and Joseph Stiglitz, the Global Economy is facing severe headwinds which can...

  Read more
• Hammer and Champy’s View on Process

  After the Japanese wave of business process management came the concept of Business Process Re-engineering which rocked the world of...

  Read more
• How to Create and Read a Pareto Chart ?

  How to Create a Pareto Chart ? A Pareto chart is one of the 7 basic tools of quality control....

  Read more
• The Motorola Six Sigma Story – Birth of Six Sigma

  No understanding of Six Sigma is complete without truly understanding where it came from – Motorola. The backdrop of the...

  Read more
• Internal Technology Framework: 7S Framework

  Introduction In the modern age of cutting-edge technology and continuous innovation, product life cycle is ever shortening. There is constant...

  Read more
• Comparison of Six Sigma and Total Quality Management

  Both Six Sigma and Total Quality Management are effective tools for quality management but a thin line of difference does...

  Read more
• Types of Licenses in International Trade

  International Trade has become the order of the day in the current environment of Globalization. The nature of economies namely...

  Read more
• Users Interface and Users Management in ERP System

  Users interface directly impact usability of an ERP system. A properly designed user interface provides proper accessibility to the intended...

  Read more
• Emerging Markets: Winning the $30 Trillion Prize

  In the last couple of years, with the advent of the ongoing global economic crisis, many investors have been looking...

  Read more
• Recording the Inputs (Xs) at Actionable Level

  The 5 why method or the Root Cause analysis method that has been described in the Tools section plays an...

  Read more
• Training & Development and HRIS Applications

  HRIS is a systematic process of compiling different information for easily accessing them further. HRIS helps in training and development...

  Read more
• Behavioural Models for Project Managers

  There are several models of behaviour that the project manager can draw upon in his or her work. These include...

  Read more
• Business Continuity Management Planning around the World

  In these turbulent times when the business environment is characterized by uncertainty and fraught with risks of all kinds, companies...

  Read more
• Effect of Domestic Politics on Business Process Outsourcing (BPO)

  In previous articles, we talked about how the ongoing global economic crisis coupled with domestic pressures affect the outsourcing of...

  Read more
• Business Processes Driving Organizations

  Organizations world over have realized the need for re-structuring themselves and adapting business processes to be able to survive in...

  Read more
• Communications Driven and Group Decision Support System

  Globalization has not only expanded the product markets. It has also made organizations geographically more dispersed. Therefore, the way the...

  Read more
• Different Types of Data Sampling Techniques

  The method which is adopted to collect the sample obviously has large implications on the conclusions drawn from that sample....

  Read more
• Step 3: Defining a Project Problem Statement

  The next step in the Six Sigma journey is to have a clearly defined problem statement that will guide the...

  Read more
• Disaster Recovery & Business Continuity and Management Approach

  Disaster Recovery and Business Continuity plans help Organizations stay on the course, minimize their risk to business operations and limit...

  Read more
• Do’s and Dont’s during ERP Implementation

  ERP systems are complex, time consuming and expensive. Instances of failure of ERP projects abound including some high ticket failures...

  Read more
• Effect of Business Process Outsourcing (BPO) on the Workforce

  The previous articles have discussed the impact that the BPO phenomenon has had on the economies of the home and...

  Read more
• ERP – System-Auditing, Device, Text and Job Management

  IN addition to functions covered by technical modules such as user’s management, License management, installation (as discussed in earlier papers),...

  Read more
• Facility Layout – Objectives, Design and Factors Affecting the Layout

  Introduction For an organization to have an effective and efficient manufacturing unit, it is important that special attention is given...

  Read more
• Finished Goods Supply Chain Operations

  FG Supply Chain consists of all activities involved in movement, storage and distribution of Finished Goods from the Delivery point...

  Read more
• Is Globalization to Blame for the Economic Crisis ?

  The global economic crisis that started in 2008 has engulfed the entire world and has laid waste to the process...

  Read more
• How Emerging Markets Transformed Themselves Over the Last Few Decades

  From Backwaters to Powerhouses At the start of the 1970s a widely held belief in the United States and in...

  Read more
• Similarities and Differences in Implementation of Quality Frameworks in Manufacturing and Service Sector

  Introduction A production defect in a company like GE (General Electric) might result in that specific product or the part...

  Read more
• Inventory Control – Inventory Audits and Cycle Counts

  Any inventory of Raw materials, finished goods as well as Intermediate in process inventory has an economic value and is...

  Read more
• Different Levels of a Process – Viable System Model

  An organization can be viewed as a collection of processes. At the grass root level, an organization is nothing but...

  Read more
• Operational Benefits of Six Sigma

  Six Sigma Project initiatives help the organization in a wide variety of ways and at very different levels. This article...

  Read more
• The Perils of Not Having Business Continuity Management Plans

  This module has covered the need for business continuity management as a paradigm to be followed by corporates. This article...

  Read more
• Role of Project Managers – Should Project Managers behave like Prima Donnas?

  This article addresses the question: Should Project Managers behave like Prima Donnas? The question posed is about the role of...

  Read more
• What is Scatter Plot ?

  A scatter plot is a graphical tool. It has been designed to ensure that it provides a convenient view of...

  Read more
• International Trade and Taxes – Types of Customs Duties

  The International Trade is rapidly changing and evolving as a result of Globalization and advancement of electronic and communication science....

  Read more
• Developing the Predictive Equation

  Once the Scatter plot has been used to find out the correlation between the inputs being measured as well as...

  Read more
• The Alignment of Technology and Corporate Planning

  Introduction In the digital age, information technology plays an important role in the success of an organization. Technology provides edge...

  Read more
• Building Model-Driven Decision Support System (MDSS)

  As the name itself explains, a model-driven decision support system utilizes a model to solve problems or aid in decision...

  Read more
• Business Process Improvement Plan – Making a Beginning with BPI

  Business Process Improvement has gained ground in all sectors of business as an on-going program that is implemented from time...

  Read more
• From Oxcart to Wal-Mart: Dealing with Duality in Emerging Markets

  From Oxcart to Wal-Mart As more and more international retailers make a beeline for emerging markets like India, China, Nigeria,...

  Read more
• Demand Forecasting – Meaning, Objectives, Classification & Characteristics

  Forecasting For an organization to provide customer delight it is important that organization can understand what customer wants and how...

  Read more
• Executive Implementation Team Owns BPI Program

  In any Organization, the BPI initiative to be a success would need to be first understood and owned as well...

  Read more
• Factors Leading to Inventory Inefficiencies

  In any company inventory management is one area that the managements always focus on when it comes to improving business...

  Read more
• Lack of Regulation as a Cause for the Global Financial Crisis

  The previous article had touched upon the lack of regulation as a cause for the global financial crisis. This article...

  Read more
• Develop a Goal Statement corresponding to the Problem Statement

  A six sigma team is meant to concentrate on the solutions and not on the problems. It is for this...

  Read more
• How to Draw a Scatter Plot

  When scatter plots were discovered, drawing them was a complex task. It often required the use of statisticians and scientists....

  Read more
• HR and Quality Management in ERP System

  Human Resource (HR): Though the pay rolls preparation through bespoke systems is one of the early adoptions of application software...

  Read more
• Identification of Suitable Platform & Environment for ERP Implementation

  Any ERP implementation attracts expenditure on account of Operating System (OS) and Relational Database Management (RDBMS) for hosting the system....

  Read more
• Importance of Measurement Systems Analysis

  Measurement Systems analysis is an integral part of the Six Sigma project. No matter what project is being conducted under...

  Read more
• The Importance of Soft Skills for Project Managers

  Project Management is both an Art and a Science Project Management is both an art and a science. It is...

  Read more
• Information System for Business Effectiveness

  Introduction In this digital age with fierce competition, it is essential that managers within organization are completely aware and receptive...

  Read more
• The Necessity of Backup Sites for BPO Companies

  In previous modules on continuity of business, we had discussed how companies need to be prepared for any eventuality –...

  Read more
• Operational/Transactional Processes

  Perhaps the most frequently used and the most important type of processes in any company are the operational processes. These...

  Read more
• Recovery Time Objective and Recovery Point Objective

  The concept of insurance came about in the business field to cover the risk of loss of assets due to...

  Read more
• Six Sigma as a Strategic Tool

  As mentioned in the earlier articles, Six Sigma helps the organization develop at various levels viz. operational, tactical and strategic....

  Read more
• Spare Parts Supply Chain

  When you buy any Computer or Electronics Hardware or equipment, normally one of the questions asked to the sales person...

  Read more
• The PDSA (Plan-Do-Study-Act) Technique for Quality Improvement

  What is the PDSA Technique ? The PDSA or the Plan-Do-Study-Act technique is a famous QI or Quality Improvement Tool...

  Read more
• Building Knowledge-Driven Decision Support System and Mining Data

  “Knowledge should be shared. It only grows by sharing.” This phrase finds its importance in today’s highly competitive and economically...

  Read more
• The Drivers of the BPO Phenomenon: Globalization, Economics and Geopolitics

  The main drivers of the BPO phenomenon are globalization, economics and geopolitics. To elucidate, ever since the global economy started...

  Read more
• Customs Department – An Introduction

  International Trade is facilitated and controlled by Countries with the help of Foreign Policy, Export Import Regulations, Schedule and Tariff...

  Read more
• Phases of ERP Implementation

  Like any other project, ERP implementation goes through various interconnected phases. These phases may be sequential but at occasions overlap....

  Read more
• Factors affecting Inventory Operations

  Inventory management operations are increasingly being outsourced to third party service providers, thereby ensuring that the investments and costs in...

  Read more
• The 5 Whys Analysis and How to Effectively Use it

  What is Five Why’s Analysis? The Five Why’s analysis, also known as the root cause analysis is one of the...

  Read more
• Information Technology and Business Intelligence

  Introduction After 1990s there was a major transformation in the commercial world. All the organizations across industry sectors have started...

  Read more
• Understanding the Paradigm Shift in the Global Economy

  For a long time in the 20th century, the global economy was divided into the developed West and the Third...

  Read more
• Project Control and Engineering Change Control in ERP

  Project control module is used for organizing long term projects such as building a ship or power plant. The production...

  Read more
• Risk of Data Loss and IT Systems Failures in Organisations

  Organizations in current times are competing in a global market where time and distance have no meaning. Competition being intense,...

  Read more
• What is Six Sigma Plus ?

  Most of us would have heard of the revolutionary quality management methodology and framework, Six Sigma. For quality professionals and...

  Read more
• Spare Parts Logistics

  In a computer spare parts supply chain, usually the network consists of the country depot that stocks all the parts...

  Read more
• Strategy in Emerging Markets

  Enter Low and Middle End Segments of the Market It has been found that many multinationals find their sweet spot...

  Read more
• The 24/7 Interconnected World and Its Susceptibility to Sudden Collapse

  The Perils of 24/7 Interconnectedness We live in a world that is not only integrated and interconnected largely but which...

  Read more
• Tips for Writing Effective Problem and Goals Statement

  Although the Six Sigma process has tried to make the process of developing problem and goal statements into a science,...

  Read more
• Why Forecasting has Become Very Difficult for Individuals, Firms, and Nations

  Why are we being blindsided by Black Swans ? Whether you are an individual or a decision maker in a...

  Read more
• Bidding as an Essential Skill for Project Managers

  Bidding is an essential and vital aspect of project management. Not only do the organizations and the project managers have...

  Read more
• BPO and the Transformation of Process Work

  In previous articles in this module, we have discussed how the BPO sector has evolved and some future directions for...

  Read more
• Building a Business Process Improvement (BPI) Model

  Embracing Business Process Improvement program is the ideal way for Organizations to make that leap to the next level and...

  Read more
• Building Web-Based and Inter-Organizational Decision Support Systems

  Problem solving and knowledge management go hand-in-hand. Together they have become one of the most important aspects of organizational decision...

  Read more
• Causes of Measurement Variation

  The purpose of measurement system is to validate the measurements before they are considered as factual data and used as...

  Read more
• Control Based Processes

  To function efficiently any organization has to achieve “homeostasis”. This word is used to describe the state of affairs wherein...

  Read more
• A Brief on Customs Brokerage

  International trade is regulated through tariffs and trade laws established by the Country’s Federal Governments to control the imports and...

  Read more
• Enterprise Application Integration and Service Oriented Architecture

  ERP represents a wide suite of applications covering various enterprise functionalities. It also links together departments and business units. Whereas...

  Read more
• Failure Mode and Effects Analysis (FMEA)

  All products and services fail! Even the processes which have already achieved six sigma precision fail. However considering the possible...

  Read more
• Imports and Customs Clearance – Overview

  When any Organization Imports any item into the country, the cargo would need to be Custom Cleared. The consignment transported...

  Read more
• Information Technology as Driving Force for Innovation

  Introduction Last two decades have seen great stride in information technology. The development in information technology has changed the way...

  Read more
• The New Trend: Insourcing IT Services

  Insourcing is the opposite of outsourcing! Well, that sounds obvious, isn’t it? However, many people do not know what it...

  Read more
• IT Systems Operations and Best Practices for Disaster Prevention and Recovery

  IT systems are the most sensitive systems that are prone to failure and disaster. The risks that can cause breakdown...

  Read more
• Operational Challenges in Inventory Management

  The latest trend in all industries has been to outsource inventory management functions to Third Party Service providers. Companies outsource...

  Read more
• How Individuals and Companies can Protect Themselves from Systemic Risks

  Systemic Risks and their Impacts Business continuity planning and management is an approach that companies adopt to protect themselves from...

  Read more
• Reverse Logistics

  As Supply Chain Activities are evolving and partnering changes in business models, the focus and activities are not restricted to...

  Read more
• Risks Faced by International Businesses in Developing Countries

  Political Instability The recent case involving GMR Group in Maldives wherein the new government cancelled the license of the company...

  Read more
• Role of Derivatives in Causing the Global Financial Crisis

  The previous articles in the module have discussed how the global financial crisis has been caused due to a combination...

  Read more
• Situations Warranting Business Process Improvement

  Business Process Improvement programs when designed with specific objectives and sponsored and facilitated by the senior management including Business Unit...

  Read more
• Strategic Processes – Meaning and its Features

  These are the top level processes that an organization is exposed to. These include tasks that need a high level...

  Read more
• Evaluating Decision Support System Projects

  Why do we determine whether a computerized decision support system application is worth considering or not? Why is there a...

  Read more
• Step 4: Develop a Business Case for your Project

  Now that we have the problem as well as the goal statement handy, it is time to ensure that these...

  Read more
• Capacity Planning – Meaning, Classification and its Goals

  The production system design planning considers input requirements, conversion process and output. After considering the forecast and long-term planning organization...

  Read more
• Change and Risk Management in ERP Implementation

  An ERP system is a process and not an end in itself. Perfunctory Implementing of ERP system will not boost...

  Read more
• Costs in Project Management – Costs associated with the Projects

  Types of Costs The following are the costs associated with the projects. Direct costs Any costs that are directly attributable...

  Read more
• Documentation in Customs Clearance

  Any Importer wishing to bring in cargo into the country may do so through air, ship, and road or multi...

  Read more
• ERP Add on Products – SCM, SRM and WMS

  Supply Chain Management (SCM): Improvement of supply chain is one of the last frontiers for improving productivity and supply chain...

  Read more
• Foreign Investment and its Impact on Developing Countries

  What is FDI (Foreign Direct Investment) ? FDI or Foreign Direct Investment is the practice of international businesses investing in...

  Read more
• Why Globalization Succeeds When the Workforce is Young ?

  In a previous article, we looked at how globalization benefits the young more than the elderly. This article looks at...

  Read more
• Elements of Information System Model

  Introduction Proliferation of information technology has increased in the last decade. Today’s organizations are acknowledging the importance of information systems....

  Read more
• Inventory Health – Important factors to be considered to avoid Inventory Mismatch

  Any inventory of raw materials or finished goods runs into thousands of SKU items. Especially in case of Raw Material...

  Read more
• IT Disaster – Prevention, Precaution and Recovery

  Disaster Recovery and Business Continuity concepts are more relevant to IT and technology companies as well as the service industry...

  Read more
• Linearity and Resolution

  Apart from accuracy and precision, there are more factors that determine the soundness of a measurement system. Two of these...

  Read more
• Components of a Project Plan

  Introduction This article details the high level project plan and the components of the same. A project is a success...

  Read more
• Return on Investment (ROI) in ERP Project

  When a proposal is put forward for implementing an ERP system, two questions are invariably asked i) How much it...

  Read more
• Reverse Logistics & SCM – Scope and Advantages

  Supply Chain Management is concerned not only with the flow of raw materials and finished goods, but scope extends beyond...

  Read more
• Reverse Outsourcing: The New Trend in Outsourcing

  Gone are the days when outsourcing meant a steady stream of jobs being shipped to India. Now the trend is...

  Read more
• Selecting Critical Business Process for BPI Projects

  Using Business Process Improvement as a tool to improve internal efficiencies and to bring about the desired changes in business...

  Read more
• Person Dependence in Organizations and Steps to Manage or Reduce the Same

  Some Real World Examples of Person Dependence and its Perils A common problem across organizations in the contemporary corporate world...

  Read more
• What is Aggregate Planning? – Importance and its Strategies

  Introduction An organization can finalize its business plans on the recommendation of demand forecast. Once business plans are ready, an...

  Read more
• Aligning all Processes – Importance and Challenges

  Now, since we know about the different types of processes that an organization has, it is essential that we understand...

  Read more
• What is Analytical Hierarchy Process (AHP) and How to Use it ?

  What is Analytical Hierarchy Process (AHP) ? Analytical Hierarchy Process (AHP) is a mathematical tool of problem solving that has...

  Read more
• Project Charter – Meaning, Importance and its Elements

  What is a Project Charter ? A Project charter is a 5 to 6 page document which collects all the...

  Read more
• DMADV Methodology – Meaning and Rules for Implementing DMADV

  DMADV is a six sigma methodology. It is used to design new processes or products where none exist and get...

  Read more
• Globalization and the Trickle Down Theory: Does it Work ?

  The underlying premise behind globalization is that the transfer of wealth from the developed countries to the developing countries would...

  Read more
• Lessons for the Indian BPO Sector from the Standard Chartered and HSBC Scandals

  The regulatory scandals involving HSBC and Standard Chartered (2013) have brought into focus the issue of how the outsourcing of...

  Read more
• Import Documentation Requirement for Customs Clearance

  In effecting Imports as well as Exports, documentation plays a very important role. Especially in case of imports, the availability...

  Read more
• Information and Strategy – The Virtual Value Chain

  Information and Strategy In today’s digital age information technology and information systems play an important role in success of organization....

  Read more
• Materials and Resource Requirement Planning – Objectives, Advantages and Disadvantages

  Introduction Success of an operation department of any organization is dependent upon an efficient production plan. One of the key...

  Read more
• Software Project Management – Meaning and Important Concepts

  Introduction This article deals with the Automation project for a maintenance project in a software company. The project involves automating...

  Read more
• Turbo Charging ERP with BI and CPM

  Business Intelligence (BI) – An ERP product provides hundreds of standard reports, generated weekly or monthly or year end basis...

  Read more
• Voice of Customer (VOC)

  The Voice of Customer is not a tool that is used in Six Sigma process. It is the underlying philosophy...

  Read more
• What are Metrics and Why are they Important?

  What are Metrics? Metrics are numbers that tell you important information about a process under question. They tell you accurate...

  Read more
• How the Government Should Manage Natural Disasters

  Natural disasters are a difficult reality. Regardless of our beliefs, these disasters such as earthquakes and floods have a huge...

  Read more
• Steps Involved in Conducting a Measurement System Analysis

  Measurement Systems Analysis is a complicated exercise. However, Six Sigma provides a step by step procedure to conduct it. Also,...

  Read more
• Benefits of Automation for Banks and Financial Institutions

  Why Banks Embrace IT and Automation We live in a digital age and hence, no institution of the global economy...

  Read more
• Benefits of Foreign Investment to Target Countries

  Foreign Investment is more stable than fund inflows In recent years, “hot money” or speculative capital has flown into many...

  Read more
• Business Process Ownership

  Organizations depend upon Business Process Improvement to make changes to the internal operations in order to drive efficiency in the...

  Read more
• Companys approach to Inventory Health

  Inventory means an item of value and asset in the books of the Company. This is the most important category...

  Read more
• Configuration Control and Setting Up of Base in ERP System

  ERP systems were developed based on generic need of various types of organizations, belonging to diverse business segments and further...

  Read more
• Contract Logistics – Key block in Supply Chain Management

  Supply Chain Activities constitute multi-modal transportation, customs clearance, and warehousing activities in one or more locations in the entire network....

  Read more
• How Not to Put All Eggs in One Basket – De-Risking Strategies for Outsourcers

  What is De-Risking ? Outsourcing is a process that involves selection of vendors who would then do the necessary work...

  Read more
• Introduction to Information Technology (IT) Strategy

  Introduction: What is IT Strategy and Why it is Important As the joke goes, A person who is sitting in...

  Read more
• Inventory Turnover As Indicator of Health of Inventory and Business

  Inventory management as well as Supply chain operations are often overlapping and hold the key to the success of sales...

  Read more
• Is Foreign Investment Beneficial to the Developing Countries ?

  Types of Foreign Investment and its Implications for Developing Countries With the opening of the economies of the world, there...

  Read more
• Master Data Management of an ERP System

  ERP packages contain several modules, such as finance, sales and distribution, materials management, manufacturing and production control, human resources, plant...

  Read more
• The Need for Operational Definitions of Metrics

  While coming up with operational metrics one must not forget to begin by first clarifying and defining what they mean....

  Read more
• Do Emerging Markets Represent the New Frontier for Globalization ?

  Ever since the onset of the global economic crisis, there has been much talk about how globalization has reached its...

  Read more
• Production Planning and Control

  Introduction For efficient, effective and economical operation in a manufacturing unit of an organization, it is essential to integrate the...

  Read more
• Repetitive and Process Manufacturing

  Conventional shop floor control functionality of an ERP system, for the most part, is suitable for discrete manufacturing. However, during...

  Read more
• SIPOC Methodology – A High-Level Process Map

  The SIPOC methodology is one of the most useful concepts in the hand of a BPM expert. The idea behind...

  Read more
• Successful Strategies for Delivering Large IT Projects on Time

  Large IT Projects and Delays and Cost Overruns It is estimated that more than 80% of IT (Information Technology) projects...

  Read more
• Avoiding Three Traps that can Destroy Family Owned Businesses

  Family owned businesses have been the norm from the time of the industrial revolution and in fact, they were the...

  Read more
• Business Process Improvement – Preparation Stage

  Business Process Improvement exercise is undertaken by organizations to improve their operational efficiencies, to remove redundant processes, eliminate wastage as...

  Read more
• Challenges Faced in Conducting Voice of Customer Exercise

  The Voice of Customer may sound like a simple exercise. However it would be safe to say that reading at...

  Read more
• Contract Logistics RFQ Process

  Outsourcing of core Logistics function of Warehousing is fast becoming popular not only for Multi National Companies with global operations...

  Read more
• Customs Clearance Agency and Process

  Any Organization that is engaged in Imports or Exports would require the services of third party Customs Clearance Agent as...

  Read more
• Do Reforms drive International Businesses or International Businesses drive Reforms ?

  Reforms driving International Businesses or Vice Versa? It is debatable whether the reforms in emerging and developing markets drive the...

  Read more
• The Double Whammy of Austerity and Unemployment Confronting the West

  Publish Date: Nov, 2018 The Double Whammy of Unemployment and Austerity The situation in Europe and the United States is...

  Read more
• ERP – General Ledger and Accounting Management

  Financial accounting module of an ERP package provides company wide control and integration of financial information. This module provides the...

  Read more
• Intellectual Property Rights and their Protection and Defense by Businesses

  The Debate over IPR In recent years, intellectual property rights (IPR) have become the topic of intense discussion and concerted...

  Read more
• Approach to Exports and International Marketing Business Model

  Today every individual entrepreneur owned businesses as well as Corporates have changed the way they look at their vision and...

  Read more
• Why Young Managers should know about Inventory Operations

  When a management student passes out from college and is absorbed into any business organization, if he is lucky he...

  Read more
• Operations Scheduling and Workplace Planning

  Introduction Scheduling and workplace planning is the final step in operation planning and design. Operation’s scheduling and workplace planning is...

  Read more
• Past and Current Directions in ERP

  In keeping with technological changes in IT sector as well as evolving business need, there are discernable changes in ERP...

  Read more
• Primary Metric(s) – Meaning and its Characteristics

  In order to truly control a process, one must understand the inputs as well as outputs of the process. These...

  Read more
• What is RACI Matrix – Rules for Using the Matrix

  A RACI matrix is a very important tool that can help in the implementation and correct functioning of a process....

  Read more
• Rework and Scope Management

  Introduction This article is a follow up of the earlier one related to the project management processes for an automation...

  Read more
• What is TRIZ Matrix and How to Use it ?

  TRIZ Matrix is a technique developed by Russian scientists to formalise the process of innovations. TRIZ is a Russian Acronym...

  Read more
• Value Chain and E-Strategy – Components of Commercial Value Chain

  Introduction All companies undertake series of activities in order to deliver a product to the customers. These series of activities...

  Read more
• Vendor Managed Inventory (VMI) – A collaborative Supply Chain Concept

  As the name suggests, VMI stands for Vendor Managed Inventory. VMI involves a collaborative and continuous inventory supply owned, managed...

  Read more
• What Are Near-Shoring and Friend-Shoring and Why They Matter For Western Multinationals

  We All Know What Offshoring Is! But, Do We Know What Near Shoring and Friend Shoring Mean? The term Offshoring...

  Read more
• Preparing for Business Process Improvement Implementation

  Business Process Improvement programs are the favorites with most corporate Organizations which use it as a tool to help change...

  Read more
• Development of Services that Support International Business

  Ecosystem of Services Any business in order to function and grow needs an ecosystem of suppliers, vendors, and infrastructure that...

  Read more
• Documenting a Process – Importance and Its Benefits

  While improving business processes, it is essential that one document the process as well as any improvements made to it....

  Read more
• Documentation – A Control Mechanism of Supply Chain Logistics

  Supply chain operations and network extend beyond domestic boundaries and global boundaries of all countries. A logistical exercise originates at...

  Read more
• The Use of Enterprise Resource Planning Applications in Finance and HRM

  The Importance of ERP Software In previous articles on Finance and Human Resource Management, we discussed how the finance and...

  Read more
• ERP – Accounts Payable and Receivable

  Accounts payable and Accounts receivable modules are two important execution modules under finance segment of an ERP system. Financial relationship...

  Read more
• Export Marketing Channels

  For any Business Organization which is eyeing a foreign market as a part of its Exports strategy, getting its Marketing...

  Read more
• Historical Origins of the Present Global Economic Crisis

  The Roots of the Present Economic Crisis The global economic crisis that started in 2008 has its origins in the...

  Read more
• Inventory Planning – Basic Concepts

  Every organization that is engaged in production, sale or trading of Products holds inventory in one or the other form....

  Read more
• Kano Analysis – Meaning, Application and Implications

  The Kano Analysis is a simple looking tool that has grave implications of the field of quality management. It has...

  Read more
• Procurement Management – Procurement of Materials and Resources

  Introduction The practice of project management has undergone a sea change in the way it is conceptualized and executed. Gone...

  Read more
• Secondary Metric(s) – Meaning, Purpose and its Identification

  A process driven by primary metric alone is not fool proof. Operations managers always know that they face trade-offs. With...

  Read more
• Waiting Line (Queue) Management – Meaning and Important Concepts

  Introduction The waiting line or queue management is a critical part of service industry. It deals with issue of treatment...

  Read more
• Why Companies Living Quarter to Quarter is Both a Good as well as a Bad Idea

  Living for the Next Quarter Of late, many publicly listed companies have been living “quarter to quarter” or the practice...

  Read more
• Business Process Improvement Project – Process Detailing Exercise

  Business Process Improvement provides an excellent opportunity for Organizations to overhaul their existing operations, to increase efficiencies, eliminate wastage as...

  Read more
• Components of Commercial Value Chain

  Introduction The concept of the value chain was introduced by Michael Porter. The concept helps categories’ activities undertaken by enterprise...

  Read more
• Good Inventory Management Practices

  Good inventory Management practices in the company help by adding value in terms of having control over and maintaining lean...

  Read more
• Increasing Exports through Free Trade Zones (FTZ)

  Countries have long since realized the importance of furthering their interest by supporting the International Trade and Exports from in...

  Read more
• Inventory Management and Just In Time (JIT)

  Introduction Supply-chain management plays a pivotal role in ensuring goods, and services are delivered on time to customers. Within supply-chain...

  Read more
• Measuring the Financial Benefits of a Six Sigma Project

  The final step in the metrics is to measure the financial benefits that are accruing to the firm because of...

  Read more
• What is Pugh Matrix and How to Use it ?

  The Pugh Matrix is one of the most widely used methods of finding out the best solution once a number...

  Read more
• The Quantitative Approach for e-Strategy – Seven Dimensions of e-Commerce

  Introduction The way business or commerce gets conducted has undergone a great deal of change due to the advent of...

  Read more
• Role of Governments in International Businesses

  The Need to Encourage Foreign Investment The previous articles have discussed how international businesses need supporting ecosystems and business friendly...

  Read more
• Warehouse Management System – Ensuring efficiency of the Supply Chain

  In any Supply Chain, Inventory Management and Warehousing form a part of operations intensive function and is one of the...

  Read more
• Why We Should Not Let the Present Global Crisis Go Waste and Make Positive Changes

  Never Let a Serious Crisis Go Waste The Chinese term for crisis is a combination of danger and opportunity, which...

  Read more
• Why are Companies Constantly Upgrading their ERP Systems?

  Enterprise Resource Planning (ERP) is the lifeblood of any business today. Any business, be it a medium scale enterprise or...

  Read more
• It’s Now or Never: Why Business Must Embrace Sustainability before it is Too Late

  How Climate Change and Ecological Damage is Hurting Our Planet Everywhere we look around us, we see the impacts of...

  Read more
• Asset Management and Budgetary Control

  One of the major financial functions is the management of fixed assets. Asset management module primarily maintains asset register, which...

  Read more
• Business Process Improvement – Project Implementation

  Business Process Improvement projects are undertaken by Organizations from time to time to improve their internal performance and operational efficiencies....

  Read more
• Business Process Re-Engineering – Meaning, its Need and Technology

  Hammer and Champy’s concept of Business Process Re-Engineering depends on harnessing technology to optimize processes as its main driver. To...

  Read more
• Communications Management during Project Planning

  Communications planning involves identifying the information and communication needs of the stakeholders. This includes determining what needs to be communicated,...

  Read more
• International Businesses and the Need to Harmonize Global Policies with Local Regulations

  Globalization, Localization, and Glocalization It is a known facet of globalization that businesses that operate across the world have to...

  Read more
• The Great Deleveraging and the Reason why the Global Economic Recovery would Falter

  The Effect of Two Decades of Profligate Spending Everyone expects the global economy to recover in a magical way and...

  Read more
• The Marketing Function – Market Environment, Marketing Cycle and Components of Marketing Information System

  Introduction The role of information technology and systems is to improve productivity of organization. Information systems are deployed across functional...

  Read more
• Project Integration and Communication Management

  Project integration management refers to the process of tying everything in place. Integration management deals with: Developing the Project Charter...

  Read more
• Warehouse and Materials Management – Need and Scope

  Introduction Purchase of raw materials is an integral part of any business, i.e. manufacturing organization or service organization. Purpose of...

  Read more
• What is Project Risk ?

  What is Risk ? Having the best people execute the plan does not guarantee success. There are a host of...

  Read more
• Why Do Exports Matter?

  Countries all over the world try to promote exports. Almost every country offers financial incentives to exporters. Countries like China...

  Read more
• Inventory Management Systems

  Modern day inventory is managed by sophisticated system applications that are designed to manage complex inventory plans and to a...

  Read more
• The 1.5 Sigma Shift Story

  One of the greatest criticisms that have been mounted against the six sigma methodology is the fact that there is...

  Read more
• Selecting 3PL Service Provider for Warehouse Management

  Global business models are rapidly changing. Shorter life cycles of products and new business need exert pressure on Supply Chain...

  Read more
• BPI – Introduction to Process Measurement

  Business Process Improvement project happen to be the most effective tool to bring in effective process and operating efficiencies in...

  Read more
• Continuous Improvement and Business Process Re-Engineering

  Polar opposite to the concept of Business Process Re-Engineering is the concept of continuous improvement. It was developed by the...

  Read more
• Cost Estimate and Accounting in ERP

  The costing module is one of the important controlling modules which enables effective internal cost control and accounting. All functionalities...

  Read more
• The Fortune 100 Corporations and the Awesome Power They Have

  The Fortune 100 list of companies comprises of the top 100 corporations in the world in terms of size, revenues,...

  Read more
• How to Effectively Use Five Whys?

  Although the 5 Why’s is an elementary tool when it comes to six sigma methodology, it is nonetheless important. Since...

  Read more
• Marketing Channel Systems – Meaning and Important Concepts

  Introduction The last two decades have changed the way business is getting conducted. Some businesses are still using traditional channel...

  Read more
• Material Handling – Principles, Operations and Equipment

  Introduction Raw materials form a critical part of manufacturing as well as service organization. In any organization, a considerable amount...

  Read more
• BPI – Introduction to Process Effectiveness Measurement

  The Business environment is highly dynamic and the rules of business are being re written every day. Several changes in...

  Read more
• Procurement and Quality Processes in Project Management

  According to the PMBOK 3rd edition, A project is defined as a “temporary endeavour with a beginning and an end...

  Read more
• How to Prepare the Project Risk Assessment Matrix?

  The Project Risk Assessment Matrix is one of the required documents to complete the Define phase of the DMAIC methodology....

  Read more
• Selecting 3PL Service Partner

  When an Organization chooses to outsource its inventory management services, the project success hinges on choosing the right partner because...

  Read more
• Measuring Process through Balanced Scorecards

  The Harvard Business Review in 1992 took the business world by storm when Kaplan and Norton introduced the idea of...

  Read more
• BRICS: The Next Frontier for Investors

  Abstract The global economic crisis of 2008 brought home to the global investors the stark truth that they need to...

  Read more
• The Case against Export Credit Agencies

  Export credit agencies are quasi-government agencies. These agencies are usually backed by government institutions. This means that they are under...

  Read more
• Cash Management Module in ERP

  Cash management module provides information relating to cash flow of the organization, by processing and analyzing all cash and bank...

  Read more
• Internal Planning for Effective Operations in Warehousing Projects

  Globally outsourcing 3PL Market is growing fast. In the US, the industry is expected to reach over $150 billion as...

  Read more
• Investing in Sin Industries: Are They Worth the Hassle ?

  Some professions in the world are not considered to be as acceptable as others. This notion of acceptability is widely...

  Read more
• Definition of Key Performance Indicator (KPI) and relationship with SLA

  A KPI is a great tool to measure and control the performance of any given process. In management jargon, there...

  Read more
• Maintenance Policy and Repair – Need and its Importance

  Introduction Plant and machinery in the initial days always perform to their fullest capacity but as time goes with regular...

  Read more
• BPI – Introduction to Process Efficiency Measurement

  Business Process Improvement projects are extensively used by Organizations from time to time to overhaul their existing processes and operations...

  Read more
• Production Module – BOM and Routing

  Bill of Material (BOM) is a base functionality of setting up production module of an ERP system. A manufactured item...

  Read more
• Quality Management vs Quality Control

  Project Management is the art and science of managing projects with emphasis on quality, cost and time. If we take...

  Read more
• The Rise of Oligarchies and Monopolies and What this Means for Businesses

  The Rise of Oligarchies and its Effect on Consumers A noticeable phenomenon in the business world ever since the 1970s...

  Read more
• Sales Support System

  Introduction Sales support systems were developed to assist the sales force in improving productivity. This improvement in productivity was through...

  Read more
• How to Use a Fishbone Diagram

  The fishbone diagram, which also goes by a couple of other names like the Cause and effect diagram and the...

  Read more
• What is a Project Schedule ?

  What is a Project Schedule ? A Project schedule is a document that contains vital information about the beginning and...

  Read more
• The Future of Energy

  Abstract The three imperatives of sufficiency, safety, and sustainability of the global energy paradigm as it exists now along with...

  Read more
• Information System in Retail Sector

  Introduction An important element of the supply chain is the retail. Retail is the place where the products and goods...

  Read more
• Production Module – Production Planning and Control

  To support the need to reduce cost and time to market, greater emphasis is needed to control shop floor activities....

  Read more
• Quality – A Tool for Achieving Excellence

  Introduction For an organization to be successful it is of paramount importance to exceed the customer expectations as to generate...

  Read more
• Quality Frameworks and their role in Competitive Advantage

  Adoption of quality frameworks like Six Sigma, ISO 9000 and Baldridge has ensured that companies derive a source of competitive...

  Read more
• Warehouse Design Concepts

  Supply chain efficiencies depend upon the efficiency of logistics including transportation and warehousing operations. Warehouse efficiencies depend upon a combination...

  Read more
• BPM Notations – Gateways and Events

  Using Gateways Gateways can split your processes into multiple paths. This is because the path which the process will take...

  Read more
• Business Process Improvement – Training Requirements

  Business Process Improvement Projects have become a common tool for Organizations to help review their business operational processes from time...

  Read more
• Business Strategies for a World in Turmoil

  Chaos, Complexity, and Change The world is in turmoil. Whether it is the Eurozone debt crisis, the ongoing recession in...

  Read more
• The Future of Work

  Abstract The world of work is changing as we speak and the winners and losers in the workplace of the...

  Read more
• Information System for Recruitment and Selection

  Introduction Human resource is one of the pillars which defines a strong and successful organization. Workforce is the backbone of...

  Read more
• The Mobile Wave is the Wave of the Future

  The evolution of media and its interaction with business trends has gone through several waves. If it was Web 1.0...

  Read more
• Quality Control Techniques

  Introduction Quality of product and services determines success or failure of the organization. Consumers expect the company to maintain high-level...

  Read more
• The Differences between Time and Material Billing and Fixed Cost Billing

  Time and Material Billing Time and material billing refers to the billing process wherein actual number of hours worked and...

  Read more
• Warehouse Operational Efficiency Contributing Factors

  Managing Warehouse Operations is akin to playing a symphony with people, systems, and processes. As long as these elements are...

  Read more
• Production Module – Subcontracting and Materials Issue

  Production Order Subcontracting – In the age of production outsourcing and the organizational focus on their core competency, subcontracting of...

  Read more
• BPI and Process Adaptability Improvement

  In modern times, the Business Rules are changing every day. Every Business, be it a Product or a Service, changing...

  Read more
• BPM – The Problem with IT as a Solution

  Although IT has been touted by the experts as being the bedrock of next generation of business in which large...

  Read more
• Introduction to Flow Chart as BPI Tool

  Business Process Improvement programs have become the major tools for Organizations to keep working on their internal operations to enhance...

  Read more
• Future of Work and Its Impact on Students and Professionals

  Introduction: The Future of Work Every morning in Africa, a Lion wakes up. It knows that it has to run...

  Read more
• Information System for Training and Development

  Introduction A successful organization is built on satisfied and trained employees. They are the company’s greatest assets. Employee development is...

  Read more
• Innovation and Government Spending

  Innovation is and has always been at the center of all human endeavors. People those who are able to perform...

  Read more
• Warehouse Operational Efficiency and Inventory Health

  Any warehouse operations are measured by service levels, volume of transactions handled quality of transactions and most importantly inventory health...

  Read more
• Why Project Managers Should Not Overpromise and Underestimate at the Same Time

  The Perils of Overpromising It is often said that project management is both an art and a science. It is...

  Read more
• World Class Manufacturing – Meaning and its Principles

  Introduction Manufacturing has evolved considerably since the advent of industrial revolution. In current global and competitive age, it is very...

  Read more
• Complexity Created by Technology Needs to be Managed

  Incompatibility Creates Problems Developments in IT have created more problems than solutions because of the “incompatibility” among the various parts...

  Read more
• Employee Relationship Management (ERM) through Information System

  Introduction Employee relationship management is management of relationship between employees and employers. It is made up of initiatives which improve...

  Read more
• Innovation in the Digital Age: Some Issues and Observations

  What is Innovation and how did it evolve? Innovation is commonly known and defined as the ability or skill to...

  Read more
• New Emerging Markets: Mexico, Indonesia, Nigeria and Turkey (MINTs)

  Global capital is always on the search of the next profitable opportunity and this is the reason why the BRICs...

  Read more
• The Need for Person Independence in Software Project Management

  The Perils of Person Dependence Imagine you are a project manager of a software project and are managing multiple resources....

  Read more
• BPI Project Tools – Different Types of Flow Charts

  Business Process Improvement programs are an effective way of overhauling the business operations, of improving the efficiency, of bringing in...

  Read more
• Work Study and Industrial Engineering

  Introduction To survive in the current competitive and global environment, it is important for the organization to continuously look at...

  Read more
• The Urge to Solve Problems with Technology and How it is Often Wrong

  Technology and the Urge to Solve All Problems The urge to create a perfect world has been there throughout the...

  Read more
• Contract Logistics & Warehousing – Pricing & Costing Mechanisms

  3PL Logistics Service Providers are many in the market. There are players from Multi National background, regional players, local companies...

  Read more
• The Importance of Ethics in Project Management

  Introduction: The Ethical Imperative for Project Managers While Ethics are important for all organizations and their employees and other stakeholders,...

  Read more
• Information System for Talent Management

  Introduction Information technology and system have changed the way business gets conducted. Every decision-making process is enhanced with utilization of...

  Read more
• Quantitative Techniques for Decision Making

  Introduction Decision making is crucial for survival of business. Businesses have to make decision considering the limited amount of information....

  Read more
• Ageing Populations in the West and their Impact on Healthcare Management

  Shock of Gray The term shock of gray refers to the phenomenon of the western societies having older people as...

  Read more
• Working through Business Process Improvement Project

  Introduction Organizations are very similar to living Organisms. They too go through a definite life cycle and different stages of...

  Read more
• Contract Logistics Pricing Methods

  Warehousing and Contract Logistics forms an important part of Supply Chain Networks. Contract Logistics projects are of two kinds. The...

  Read more
• Cross Border Mergers and Acquisitions and Some Recent Trends in this Field

  Cross Border Mergers and Acquisitions Cross border Mergers and Acquisitions or MA are deals between foreign companies and domestic firms...

  Read more
• Information System for Knowledge Management

  Introduction Knowledge is very important for survival of organization. Historically, employees have gathered knowledge through trial-and-error method or by working...

  Read more
• BPI Project Walk Through – Understanding People and Process

  Business Process Improvement projects are ideally suited for every business operation, especially to augment the process efficiency, to implement process...

  Read more
• What is Learning Curve ? – Meaning and Concept

  Introduction In any environment if a person is assigned to do the same task, then after a period of time,...

  Read more
• Why Most Projects Run into Problems and How to Avoid them and What to do about it

  Some Problems that Projects Face Research has shown that nearly 80 percent of all projects run into problems related to...

  Read more
• A Comparison of Healthcare Systems around the World

  The Importance of Healthcare and Examples from around the World Health and Education are social sectors that need governmental support...

  Read more
• Contract Logistics Cost Model

  Warehousing Costing methods vary with the business models. While some warehouses using common shared facilities may be worked up based...

  Read more
• Cultural Aspects of Cross Border Mergers and Acquisitions

  How Culture Impacts Cross Border Mergers and Acquisitions With the advent of globalization, it has become common for western multinationals...

  Read more
• Employee Portal for Human Resource

  Introduction Information systems have revolutionized the way businesses get conducted. It facilitates automation across departments. Information systems are getting actively...

  Read more
• The Pitfalls of the Canadian Healthcare System

  The Canadian healthcare system was known to be the best amongst all the developing countries in the world. This is...

  Read more
• Why Project Managers Must Focus on Last Mile Connectivity to Ensure Success

  How Projects Fail Due to Poor Implementation and Last Mile Connectivity Most projects are planned properly and conceived rightly. However,...

  Read more
• Reliability and Redundancy in Production Management

  Introduction Product quality determines the success with the product. One of the key drivers of quality is the performance of...

  Read more
• Role of HR Consulting in Mergers and Acquisitions

  Corporate transactions, including mergers, acquisitions, divestitures, joint ventures, and other methods of organizational restructuring and transformations, are strategically important in...

  Read more
• BPI Exercise – Process Walk Through on the Floor

  Business Process Improvement Projects have become a way of life with every Business Organization where they initiate these projects to...

  Read more
• Contract Logistics Solution Design Document

  In any project involving outsourcing of warehousing operations, setting up a Distribution Center or Managing Plant logistics, if the project...

  Read more
• What is Due Diligence, Why it is Important, and How it Works and, What it Does ?

  What is Due Diligence? Many of us would have heard the term Due Diligence in various contexts and situations where...

  Read more
• How Project Managers Can Benefit from Knowledge Management Systems

  Project Managers Have to Learn to Deal with Uncertainties and Risks Project Management is the art and science of balancing...

  Read more
• Information System for Decision Support

  Introduction In the current globalized business environment, decision making is becoming more and more difficult. Some of the problems faced...

  Read more
• Inventory Migration – Meaning, its need and importance

  The need for Inventory Migration from one warehouse to another warehouse does not come about very often in Supply Chain...

  Read more
• Medical Tourism and its Potential for Developing Countries

  The Emerging Phenomenon of Medical Tourism An emerging trend in healthcare management is the phenomenon of medical tourism or the...

  Read more
• BPI Exercise – Process Walk Through and Analysis

  Business Improvement Projects are great way of unleashing the operational efficiency and increasing the effectiveness of the entire business operations....

  Read more
• Productivity and Its Role in Shaping Economies and Businesses

  Introduction: Productivity and Its Centrality to Growth We often hear the term productivity in many contexts and whether you are...

  Read more
• Inventory Migration Scope

  Inventory Migration is a mammoth project exercise involving internal teams as well as many external agencies. Detailed planning, process, simulation,...

  Read more
• BPI – Process Walk Through and Process Measurement Analysis

  Business Process Improvement projects can be applied to any and every process in any industry. Using BPI it is possible...

  Read more
• What is Productivity and Why it is Important to Corporates, Nations, and Professionals?

  What is Productivity and Why it is so Important? We often hear the term Productivity, bandied about in economics and...

  Read more
• Why Project Managers Must be Prepared to Deal with Disruptions of All Kinds

  Disruption is the Name of the Game We live in an age of disruption. Indeed, disruption is the norm rather...

  Read more
• Urbanization of the World and the Consequences for Managers

  Urbanization and its Problems for Corporates The world is increasingly being urbanized and this has implications for the corporate sector...

  Read more
• Working Capital Management – Cash, Inventory and Account Receivables

  Introduction Businesses require adequate capital to succeed in business environment. There are two types of capital required by business; fixed...

  Read more
• The Benefits of Automation for the Healthcare Sector

  The Need for Automation of Healthcare Activities There are many benefits to healthcare providers through automation. Not only will the...

  Read more
• Financial Analysis and Planning

  Introduction Financial analysis and planning are one of the fundamental activities and responsibility for the finance department. Financial analysis and...

  Read more
• How International Mediation and Arbitration Work in the Corporate World

  What are Mediation and Arbitration ? Mediation and Arbitration are features of the business landscape that let aggrieved parties resolve...

  Read more
• The Need for Accountability in the Healthcare Sector

  What is Accountability and the Need for it in the Healthcare Sector? A well functioning healthcare system encompasses the principles...

  Read more
• On-Demand Manufacturing

  The Millennial generation has got used to living in an on-demand world. They buy food on demand, hire cabs on...

  Read more
• Transitioning to Agile? What Project Managers Must Know About This Hot Methodology

  How Agile Has Become the Talk of the Town and What it Means to Be Left Behind Walk into any...

  Read more
• Warranty Management – Meaning and its Components

  Warranty Management had been traditionally viewed by companies as a cost of doing business. The costs of warranty management were...

  Read more
• An Introduction to Process Documentation

  Multinational companies are facing the problem of knowledge management. Industries like software and ITES hire extremely skilled employees to work...

  Read more
• The Falling Fortunes of Global Aviation Industry

  The Global Airline Industry and its Travails It is an open secret that airlines all over the world are bleeding...

  Read more
• Overcoming the Challenges of Delivering Projects on Time and Without Cost Overruns

  Why Do 80% of All Projects Fail to Deliver on Time and What can be done About Them Research shows...

  Read more
• The Role of Electronic Healthcare Records in the Healthcare Sector

  What are Electronic Health Records (EHRs) ? An EHR or an Electronic Health Record is a computer readable store of...

  Read more
• Strategic Finance – Meaning and Important Concepts

  Introduction For an organization to succeed in the global and competitive world, it needs to have a robust strategic plan...

  Read more
• Supply Chain Network and Technology

  The entire concept of business philosophy has moved away from traditional model to being more customer oriented, driven by demand...

  Read more
• Operational Transparency

  As children, we have always had to prove to our teachers or our parents that we have been working. The...

  Read more
• Finance Intelligence and Its Components

  Introduction In the modern global and competitive business world, it is very important to the companies to enjoy financial success....

  Read more
• Modern Day Wage Slavery at Wal-Mart

  With an annual turnover of $400 billion, Wal-Mart is usually the biggest company on the Fortune 500 list. Its presence...

  Read more
• Supply Chain Network Design & Contributing Factors

  Designing Supply Chain Network for each industry or business involves arriving at a satisfactory design framework taking into all elements...

  Read more
• Why is HealthCare Expensive in the United States ?

  The American healthcare system has become so expensive that it is now a make or break issue in national politics....

  Read more
• The Opportunities and Challenges of Project Management in Virtual Workplaces

  Why Project Managers Might Find Managing Remote Teams Challenging As workplaces became virtual and employees started working from home due...

  Read more
• The Fall of a Giant: Wal-Mart

  The fall of Wal-Mart Wal-Mart has been a global retailing behemoth. The rise of Wal-Mart is an amazing story, but...

  Read more
• Introduction to Tally Software and Its Features

  Introduction Tally is powerful accounting software, which is driven by a technology called concurrent multi-lingual accelerated technology engine. It is...

  Read more
• Is India on the Brink of a Serious Economic Crisis?

  Widening Current Account Deficit The first and most important problem facing the Indian economy is the widening current account deficit...

  Read more
• Customs Clearance – Meaning, Scope and Documentation

  Customs Departments are the government designated authority to implement the policies related to import and export, collect customs duties and...

  Read more
• Ecommerce and Internet Enabled Supply Chains

  Internet Technology has impacted our day to day life beyond imagination. It has changed the way we make purchase decisions,...

  Read more
• What is Health Insurance and the Different Health Insurance Systems around the World

  Health Insurance around the World All of us would have heard the term Health Insurance in some form or the...

  Read more
• Why Cities are the Future and What this Means for Investors and Businesses

  Cities are the Future of the World The future of the world would be in cities and urban and semi-urban...

  Read more
• The Capability Maturity Models and their Usefulness for Organizations

  Capability Maturity Models When organizations want to be certified for their quality or operational excellence, they usually turn to quality...

  Read more
• Emergence of ERP System

  Introduction Enterprise Resource Planning or ERP is one the most common term used among corporate world, business school and in...

  Read more
• The Shock of Gray and Its Implications for the Healthcare Sector

  What is meant by the Shock of Gray and its Implications? The Shock of Gray is a term used to...

  Read more
• Sourcing Strategies and Procurement Processes

  Not long ago, purchase function was seen to be a desk job, monotonous paper work, dull and passive and more...

  Read more
• What Businesses, Groups, and Professionals can do when Faced with Stagnation

  What to do when Businesses and Professionals Stagnate Stagnation can happen to anyone. Whether they are businesses, nations, societies, groups,...

  Read more
• Introduction to E-Procurement – Tools, Application and its Benefits

  Introduction In layman’s term, e-procurement is nothing but electronic data transfer to support operational, tactical and strategic procurement. E-procurement has...

  Read more
• Supply Chain Management – Problems and Roadblocks

  Companies increasingly are becoming aware that their opportunity to having a competitive edge in business can come through supply chain....

  Read more
• Why Europe is Broke and no amount of Central Bank Monetary Easing would Help

  How the Eurozone Misread the Signals from the Global Economic Crisis When the global economic crisis broke out in the...

  Read more
• Understanding the China-North Korea Trade Equation

  North Korea has always been perceived by the world as a rogue nation. Their aggressiveness became even more apparent when...

  Read more
• Enterprise Marketing Automation

  Introduction Enterprise marketing automation is part of customer relationship management module. Enterprise marketing automation can also be an independent software...

  Read more
• How the Digital Age is Transforming Work, Life, and Business

  The Transformations Wrought About by the Digital Age This is the age of Smart Machines that can perform tasks that...

  Read more
• How to Leverage the Demographic Dividend and Manage Demographic Deficit ?

  What is Demographic Dividend and Demographic Deficit ? We often hear the terms Demographic Dividend and Demographic Deficit being written...

  Read more
• Supply Chains as Sources of Competitive Advantage

  Optimizing the Supply Chains A supply chain is the network of relationships between the upstream and downstream activities with all...

  Read more
• Top 5 ERP Solutions Providers and their Pros and Cons

  Introduction Enterprise resource planning has been the forefront in providing efficiency and productivity solution to the companies all over the...

  Read more
• Why Growth is Stalling around the World?

  Why is Growth Stagnant? We read in the print and online media about why governments worldwide are unable to revive...

  Read more
• World Trade Organization: Success or Failure

  It has been more than 20 years since the World Trade Organization (WTO) came into existence. However, there is still...

  Read more
• Analysis of Amazon’s Supply Chain Management Practices

  Analysis To start with, Amazon’s SCM has a strategic fit with its competitive strategy of being the retailer of choice...

  Read more
• Top Five Challenges Facing the Chinese Economy

  The Chinese economic prowess is second to none. They have certainly pulled off an economic miracle since Mao Zedong began...

  Read more
• Does The Government Create Monopolies?

  The mainstream media believes that capitalism is the dominant economic system prevalent in the world today. This is why any...

  Read more
• How Automation Benefits the Logistics Sector through Efficiencies and Synergies

  How Automation Benefits the Logistics Sector through Efficiencies and Synergies Automation benefits the logistics sector in many ways. Right from...

  Read more
• Business Analytics – Meaning, Importance and its Scope

  Introduction The word analytics has come into the foreground in last decade or so. The proliferation of the internet and...

  Read more
• Top Six Economic Consequences of the Refugee Crisis

  The picture of Aylan Kurdi, a six year old Syrian refugee who died when his boat capsized as his family...

  Read more
• Business Intelligence – Architecture, Components and its Benefits

  Introduction The current business environment is constantly evolving. The global economic scenario is providing opportunities as well as challenges. The...

  Read more
• The Ugly Face of Contract Farming

  Contract farming has been hailed by many experts as the perfect economic arrangement between farmers and companies. Corporations like Monsanto,...

  Read more
• Business Intelligence Architecture and Tools

  Introduction Business intelligence is an important to ensure the following: Various decision-makers and analyst have a direct and un-interrupted access...

  Read more
• Data Warehouse, Data Marts and Online Analytical Processing (OLAP)

  Introduction One of the critical components in the information technology age is the data. Data is the source of all...

  Read more
• What is Crop Insurance – Risks and Its Future

  Agriculture is a prehistoric occupation. In fact, it is said that human beings only started building civilizations after they discovered...

  Read more
• Doing Business in India

  The recent report by the World Bank about doing business in India places the country at 130 among the nearly...

  Read more
• Information Technology and Business Alignment: Why it is Important

  Introduction: What is IT Business Alignment and Why it is Important The saying about the Blind Men and the Elephant...

  Read more
• Emerging Platforms – Cloud Computing

  Emerging platforms are new technology developments and business models for which a theory is yet to be formulated, and yet...

  Read more
• Robot Advisors in Asia

  The integration of cutting-edge technology with financial services has resulted in several innovative methods and tools which use sophisticated technology...

  Read more
• Insight into Big Data

  Organizations produce an exploding amount of data while capturing bushels of bytes of information pertaining to their operations, customers and...

  Read more
• Why a United States Recession Seems Imminent ?

  Bank of America has issued a warning. The world’s second-largest bank by assets believes that the United States economy is...

  Read more
• IT-Governance and Why it is Important

  Introduction: What is IT governance and why it is important? It is not enough for corporations to have IT systems...

  Read more
• India’s Demonetization Policy: Will it Work ?

  Imagine one fine evening your nation’s top leader suddenly appeared on television to make an address. In this speech, he...

  Read more
• Demonetization and Its Impact on the Indian Economy

  The Indian Economy which was billed as the “fastest growing major economy” in the world and the “only bright spot”...

  Read more
• IT and Systemic Risk and its Implications for Business

  Introduction: What is Systemic Risk and How Does it Affect Business Globalization has brought the world together and the rapid...

  Read more
• Digital Payments: What they are, How they Work, and their Benefits and Problems

  In recent months, all of us have heard extensively about the “war on cash”, the move to make India and...

  Read more
• How Information Technology can Enable Governance in Developing Countries

  The Problems of Governance in Developing Countries Governance is a problem in many Third World countries where the structures and...

  Read more
• Information Security Threats in Organizations and Ensuring Prevention and Recovery

  It has become commonplace in contemporary organizations to have extensive IT (Information Technology) infrastructure and software and hardware assets. Indeed,...

  Read more
• The Promise and Peril of the Digital Economy

  Much is being said and written about the emerging digital economy with all its promise of techno-utopia and the perils...

  Read more
• Trends Driving the IT Hardware Industry Over the Next Three Years

  With the explosive growth in the personal computing market, there has been a marked increase in the number of new...

  Read more
• Why Donald Trump Will be able to Stop Outsourcing ?

  Donald Trump has positioned himself to be a populist leader. Although in reality, he is an opportunist leader. He has...

  Read more
• The Economics of Drug Prohibition

  Drugs have been a moral menace to many societies for many years. Right from the time, the British East India...

  Read more
• How Big Data and Algorithms along with Platform Capitalism Rule Our World

  The Elements of the Digital Economy If you have ever transacted on an eCommerce site or have used your Smartphone...

  Read more
• Is Australia Really Recession Proof ?

  Australia has a peculiar economic history amongst the developed nations. Whereas all other developed countries have faced some economic downturn...

  Read more
• Transformation of Business Intelligence in the Age of Big Data

  The Transformation of Business Intelligence from Analysis to Prediction Business Intelligence which refers to the slicing and dicing of data...

  Read more
• Importance of Critical Thinking in the Age of (Mis)-Information

  Information Overload can Drown Us We are literally and metaphorically drowning in information. From the time we wake up and...

  Read more
• South Korea: A Stunning Success Story

  Today, South Korea is one of the largest economies in the world. It is the 12th largest to be precise....

  Read more
• The Equifax Data Breach Scandal

  The credit rating business in America is largely an oligopoly. It is run by three major companies, Equifax, TransUnion, and...

  Read more
• Saudi Arabia’s Cash Crunch

  Saudi Arabia’s Precarious Position Saudi Arabia is believed to be one of the richest countries in the world. This desert...

  Read more
• All You Need to Know about Data Security and How to Protect yourself Online

  Data Security in the News for All the Wrong Reasons The issue of data security has been in the news...

  Read more
• Socialism and Prosperity in the Nordic Countries

  The United States Democratic Party has been praising the economic arrangement in Nordic nations for a very long time. Right...

  Read more
• How Governments, Businesses, and Individuals Can Survive the Age of Automation

  The Age of Automation has Arrived Let’s face it! The Age of Automation is arriving if not already arrived and...

  Read more
• What the rise of Cloud computing means for the IT Industry?

  The Emergence of Cloud Computing While much has been written and said about the emergence of Artificial Intelligence and how...

  Read more
• Optical Character Recognition and E-Invoicing

  Automation of business processes has become the single objective of every multinational corporation. Automation saves a lot of money in...

  Read more
• Why Governments, Businesses, and Other Stakeholders must prepare for the Coming Age of Longevity

  The Shock of Gray: The Retiring Baby Boomers and the Challenges of Aging It is indeed a fact that we...

  Read more
• How Firms and Corporates Grow in any Economy

  The rules of economics and business are such that in any economy, old or new, recession or boom, the basic...

  Read more
• Formulating Information Security and Data Protection Policies When Firms Go Digital

  The Paradigm Shift Needed as the World Transitions from Analogue to Digital Information Security and Data Protection are central to...

  Read more
• Can Jobs be Stolen ?

  The immigration conundrum has been at the center of all political campaigning in the recent past. Voters in all developed...

  Read more
• Will Automation Kill the Economy ?

  Automation is the next big thing! Right from the time of the printing press, automation has always been making headlines....

  Read more
• The Rise of Machine Learning

  Machine learning seems like an “IT” buzzword. It seems to be the sort of thing that would make a difference...

  Read more
• Should Robots be Taxed ?

  The Increasing Threat Posed By Automation Automation is changing the world that we live in at an increasing pace. With...

  Read more
• The Internet of Things

  The “internet of things” is the latest buzzword that can be heard in Silicon Valley. It is the newest avenue...

  Read more
• How Internet of Things (IoT) Will Impact Our Daily Lives?

  Internet of Things (IoT) is often thought of as being a high-tech concept. It is a common belief that such...

  Read more
• Is a Pollution Tax Worth it ?

  Washington DC has seen several proposals for strange regulations. The latest one of these suggestions is a pollution tax. Many...

  Read more
• Is Dubai Really Tax Free ?

  Expats want to flock to Dubai. Apart from the high quality of life, the foremost reason for such enthusiasm for...

  Read more
• The Chinese Internet Story

  Chinese firms were seldom thought of being anything apart from copies of their western counterparts. The snobbish inhabitants of Silicon...

  Read more
• Privatization of Water

  The world is facing a scarcity of water. Each year about 3.4 million people die due to the scarcity of...

  Read more
• Economics of the Electric Car

  Tesla is the company that has propelled Elon Musk from obscurity to stardom. It’s hard to believe that the redundant...

  Read more
• Rebuilding Americas Inner Cities

  While America is the largest economy in the nation, there is a considerable push towards rebuilding America’s infrastructure. Many Americans...

  Read more
• Why Nations and Firms must Pursue Growth, but, Sustainably and Responsibly ?

  How the Growth at all Costs Mantra is Harming Us Ever since the time of the Enlightenment in the Nineteenth...

  Read more
• Different Growth Strategies for Firms Aiming to Become Market Leaders

  All firms aim to become market leaders and be the dominant player in their chosen niche and space. Towards this,...

  Read more
• The Business Model of Amazon

  Investors just can’t seem to get enough of Amazon. Even though Amazon is already the world’s fifth-largest company, investors believe...

  Read more
• The Canadian Housing Bubble

  Canada is a developed western nation. It does not get nearly as much attention in the world media as it...

  Read more
• The German Small and Medium Enterprises (SME) Story

  Germany has the second largest exports in the world. They are second only to China. This is remarkable given the...

  Read more
• Managing the Millennials: Some Approaches

  Who are the Millennials and Why are they so Important ? The Millennials or the generation of youngsters born between...

  Read more
• Goods and Services Tax: The Pros and Cons

  India is the second largest consumer market in the world. There are over a billion consumers, and companies from all...

  Read more
• Rags to Riches and Back: The Story of Chinese Boom and Bust

  The 1970’s The story of China’s growth began in the 1970’s. Back then China was an extremely poor country with...

  Read more
• The Problems with Protectionism

  The world seems to have turned on its head. Countries like the United States and the United Kingdom were earlier...

  Read more
• Some Insights into the Infosys and TATA Sagas that are Relevant to all Organizations

  Many of you would have read about the dramatic events of the last two days pertaining to the Indian IT...

  Read more
• The Singapore Growth Model

  Singapore has been one of the great success stories of South East Asia. The country started with very little money...

  Read more
• How do Firms such as Uber, AirBnB, and Upwork Compete in the New Digital Economy ?

  Introduction Most of us would have heard of companies such as Uber, AirBnB, and Upwork that have emerged in recent...

  Read more
• Will London Still be the Financial Capital of the World ?

  Experts believe that the effects of Brexit will be varied in nature. What has happened now is a mere announcement...

  Read more
• Can the Government be Run Like a Business?

  During the election campaign in 2016, Donald Trump repeatedly stated that he planned to run the government like a business....

  Read more
• The Argument for Privatization of Airports

  Privatization of airports is not a new idea. Many politicians have implemented it as an important economic policy. Margaret Thatcher...

  Read more
• ERISA Act – The Government Mandated Stock Market Crash

  America is sitting on a demographic time bomb. Their economy boomed thanks to the “baby boomers” that brought prosperity to...

  Read more
• Global Race between American and Chinese Firms for Profitability and Survival

  The Global Race between American and Chinese Firms There is an intense and uber competitive race going on between American...

  Read more
• Challenges Facing Indian Corporates Operating in a Low Growth Environment

  Why are Indian Corporates struggling? It would be an understatement to state that Indian Corporates are struggling. Saddled with huge...

  Read more
• What the Current Wave of Protectionism and Populism mean for the Future of Globalization and Free Trade

  The Rise of Populism and Protectionism The election of President Trump represents the cusp of the current wave of protectionism...

  Read more
• Turning the Heat On: A Case Study of the Indian Solar Industry

  The Reasons for the Push towards Solar in the Indian Renewable Sector Globally, there has been a push, and a...

  Read more
• The Kansas Experiment

  In the year 2017, President Trump has promised the United States that he will provide unprecedented tax cuts to the...

  Read more
• Game Changing Digital Governance Ideas: The Case Study of Aadhar in India

  What is Aadhar and why it can be Transformative to India? Not a day passes without Indians being reminded of...

  Read more
• How Genuine is China’s Growth Story?

  The Chinese economy has received a lot of positive press in the past two decades. The rapid economic growth that...

  Read more
• The Apple iPhone Controversy

  There has been a conspiracy theory amongst Apple iPhone users that Apple slows down the performance of the older phones....

  Read more
• What Makes Some Cities and Regions Hotspots of Innovation

  Why Do Silicon Valley and Bangalore Score over Regions and Cities? Silicon Valley in California State in the United States...

  Read more
• Economic Impact of the Failed Coup in Turkey

  In 2016, Turkey faced an attempted military coup. The coup was supposedly orchestrated by a US citizen of Turkish origin....

  Read more
• How Uneven and Unequal Growth is Fueling Social Unrest Worldwide

  The Best of Times, The Worst of Times The global economy is growing, and almost all major economies of the...

  Read more
• The Economic Impact of Cape Town’s Water Crisis

  Cape Town has been in drought for three years. The situation is the same across most of South Africa. Other...

  Read more
• Google: Conflicts of Interest

  Google is the most dominant search engine in the United States as well as in the world. It controls more...

  Read more
• The Benefits of Buying Local

  President Trump has brought the issue of buying local to the forefront once again. He is enacting laws in support...

  Read more
• The Economic Effects of Digital Distractions

  The 21st century is also known as the information age. The biggest companies in the world today sell nothing but...

  Read more
• The New Economics of the Music Industry

  The economics of the music industry has been radically changed in the past two decades or so. Ever since the...

  Read more
• Maldives: The Latest Victim of Chinese Debt Diplomacy

  China is now the second largest economy in the world. As a result, it wants to increase its might in...

  Read more
• The Why and How of Cities Worldwide Competing in a Race to Attract Investments

  The Global Race Between Cities for Investments Cities worldwide are in a global race for investments and this is being...

  Read more
• Why Some Pharmaceutical Drugs are Very Expensive?

  The price of drugs is going through the roof in America. This is also the case in many developing nations....

  Read more
• Fiat Currency and Trade Deficit

  The United States has one of the largest trade deficits in the world. Many critics have been of the opinion...

  Read more
• What are Trade Wars and How Do They Affect Economies, Businesses, and Individuals?

  In recent months, there has been much coverage in the business press as well as the general press about Trade...

  Read more
• Amazons Vertical Integration

  Jeff Bezos, The owner of Amazon has become the world’s richest person with a net worth of over $100 billion....

  Read more
• Why are Wages Not Rising in America?

  Most Americans earn their income in the form of wages rather than in the form of investment income from shares,...

  Read more
• The Rise of India as a Manufacturing Hub

  A couple of decades ago, India was considered to be a third world country with limited economic potential. When the...

  Read more
• Handling the Dreamers Crisis

  The United States Senate has been polarized on the issue of dreamers. “Dreamers” is a nickname given to the children...

  Read more
• How Sports Became Big Business and Its Implications for All Stakeholders

  How Sports Became Big Business Nowadays, sports mean big bucks for all stakeholders. Whether they are sportspersons, corporates, advertisers, or...

  Read more
• Corporate and Individual Strategies to Respond to the Protectionism Worldwide

  The Surging Protectionist Sentiment There is a surge of protectionism and populism worldwide. From President Trump’s Protectionist Rhetoric and his...

  Read more
• Implications of Emerging Trends in Tourism for Developing Countries and Societies

  Profitable Tourism and the Implications for Corporates and Societies It is a known fact that Tourism is a money spinner...

  Read more
• Case Study of the Indian Aviation Sector: Soaring High or Turbulence Ahead

  Takeoff from Modest Beginnings: The Evolution of the Indian Aviation Sector The Indian Aviation sector is poised to take off...

  Read more
• Early Bird Catches the Worm: Why First Mover Advantage Matters to Everyone

  What is the First Mover Advantage? In business, as in life, being early and being first to launch products, enter...

  Read more
• Why Viewing Global Trade in Zero Sum Terms is Shortsighted and Self Defeating

  Trade Wars and Zero Sum Thinking The ongoing trade wars between the United States, on one hand, and the rest...

  Read more
• How Singapore Became a World Class Regional Financial and Commercial Hub

  From the Third World to the First: The Story of a Remarkable Transformation The story of how Singapore became a...

  Read more
• Historic Greek Debt Relief Deal and the Lessons for Other Nations from this Crisis

  Historic Debt Deal The Greek Debt Crisis is over, so proclaimed Finance Ministers from the Eurozone Countries who gathered in...

  Read more
• Barriers to India achieving Double Digit Growth

  Indian Economic Growth: Hype versus Reality Much has been written about how India is on the cusp of achieving double...

  Read more
• Effects of FIFA World Cup on the Economy

  The FIFA World Cup is an international sporting event. This event is held every four years. However, the host country...

  Read more
• Germany: An Economic Powerhouse

  Germany has always been an economic powerhouse. In fact, in the last century, the economy of Germany has been completely...

  Read more
• Looking beyond BRICS for the Next Economic Hotspots

  Looking Beyond BRICS: The MINT Grouping The BRICS or the acronym given to the grouping of Brazil, Russia, India, China,...

  Read more
• Missed Call: A Case Study of the Indian Telecom Industry in the Post Liberalization Era

  The Mobile Revolution has Transformed Indian Society and Economy When compared to the other sectors that flourished in the post...

  Read more
• What is FOMO (Fear of Missing out) and how it Impacts all of us in the Digital Age

  What is FOMO or the Fear of Missing out and how does it Impact us all The acronym FOMO or...

  Read more
• Smart Cities – What they are, How Realistic are they, and what can be done

  What are Smart Cities and How They Have the Potential to Revolutionize Urban Living We often hear the term Smart...

  Read more
• Has the internet lived up to its promise of an Egalitarian and Just World?

  The Emergence of the Internet and the High Hopes that accompanied it For those of you old enough to remember...

  Read more
• The Emerging Connected Future and Digital Utopia and What it Means for Us

  A Glimpse into the Connected Future The future is connected in terms of the networked and integrated digitally enabled modes...

  Read more
• The Power of Technology Firms over Our Lives

  The Persistence of the Digital Divide The advent of the internet revolution raised hopes that there would be an egalitarian...

  Read more
• Masters of the Universe: A Case Study of the Global Investment Banking Sector

  Introduction Most of us would have heard of the globally famous Investment Banks such as Goldman Sachs, JP Morgan, and...

  Read more
• What is Ease of Business rankings and why do they matter to countries like India?

  The Recently Published Ease of Business Rankings The news that India jumped 30 places in the Ease of Business Rankings...

  Read more
• The Link between the Drug War and Immigration

  The Current Situation: Donald Trump’s administration had signed in a draconian law. This law made it necessary for immigration officers...

  Read more
• What is Custo Brazil

  Brazil is the most expensive country to live in Latin America. The real problem is that Brazil has become more...

  Read more
• The Misconceptions about Poverty

  Many governments all over the world have made attempts to abolish poverty. However, most of them have not succeeded. The...

  Read more
• How Chinese Corporations Are Going Global?

  China has seen rapid development in the past two or three decades. It has become the export powerhouse of the...

  Read more
• Switching Over From Socialism to Capitalism

  Socialism is a failed idea. Many nations in the world have now tried socialism. It is no surprise that all...

  Read more
• The AT&T – Time Warner Merger

  AT&T is one of the biggest phone companies in the world. In fact, this was the company that first started...

  Read more
• Strong Medicine: A Case Study of the Indian Healthcare Sector

  The Paradox of the Indian Healthcare Sector For a country that prides itself on being a welfare state that looks...

  Read more
• The Air India Fiasco

  Air India is a government-owned airline. Since airlines are a very competitive business, any airline which is even slightly mismanaged...

  Read more
• The Argument against Planned Obsolescence

  Planned obsolescence is often considered to be a part of the capitalist ideology. The supposed logic behind planned obsolescence is...

  Read more
• Lionel Messi and Cristiano Ronaldo: Convicted Criminals?

  Lionel Messi and Cristiano Ronaldo are arguably the best soccer players in the world. Their performance in the recently concluded...

  Read more
• The Rise of E-Sports

  Competitions such as the FIFA World Cup and Olympics are some of the biggest sporting events in terms of revenue....

  Read more
• Braked Acceleration: A Case Study of the Indian Automobile Industry

  From Maruti to Mercedes: The Evolution of the Indian Automobile Industry The Indian Automobile Industry has come a long way...

  Read more
• The Argentine Currency Crisis

  The Argentine economy is no stranger to economic crises. The country saw a massive financial crisis with the currency almost...

  Read more
• The Mouse Charmers: A Case Study of the Indian Information Technology Industry

  From Snake Charmers to Mouse Charmers: The Changing Perceptions about Indian IT It would not be an exaggeration to say...

  Read more
• Kar Lo Duniya Mutti Mein: The Game Changing Case of Reliance Jio

  The Game Changing and Disruptive Entry of Reliance Jio The entry of Reliance Jio into the Indian Telecom sector has...

  Read more
• Finland’s Failed Universal Basic Income Experiment

  The Scandinavian countries are often seen as role models for welfare states. These countries are known for having very high...

  Read more
• The Economic Implications of Facebook Data Breach

  Facebook is one of the most important firms in the American economy. The tech giant is a major employer in...

  Read more
• Spotify: A Music Streaming App Worth $20 Billion!

  Spotify, a music streaming application, with most of its business in the United States has achieved over a $30 billion...

  Read more
• The Free Healthcare Debate

  Healthcare has become outrageously expensive in most developed nations of the world. For instance, American citizens who do not have...

  Read more
• The Gender Pay Gap Debate

  April 10th is considered to be “Equal Pay” day all over the world. This day has been commemorated since the...

  Read more
• The Importance of Infrastructure Sector

  An economy consists of many sectors. However, infrastructure is known to be the backbone of any economy. Roads, railways, electricity,...

  Read more
• The Resource Curse: The Problem with Commodity Dependence

  A large number of developing countries across the world are dependent upon commodities. About 135 of these developing countries were...

  Read more
• The World of Private Equity

  The term “private equity” evokes many emotional reactions. Many investors have made a lot of money thanks to the strategies...

  Read more
• Top 5 Economic Myths

  When analyzed in financial terms, it turns out that the world is in a precarious position. However, there seems to...

  Read more
• How A Private Money Market Would Work?

  The past few generations have become used to money being issued by the government. Hence, there is an implicit assumption...

  Read more
• Nation Branding

  Nations are now becoming image conscious. This is a recent phenomenon which is very different from the “devil may care”...

  Read more
• The Problem with Antitrust Laws

  During the 19th century, the robber barons were dominating the American economy. A handful of people had more wealth and...

  Read more
• Why Electric Cars Aren’t Really Environment Friendly?

  Elon Musk launched his car company Tesla in order to make cars that would not harm the environment. He has...

  Read more
• National Competitiveness – Meaning and Its Myths

  National competitiveness is becoming an important subject of debate as governments all across the world are competing with one another...

  Read more
• The Problem with the United States Postal Service

  Amazon Allegations: President Trump has been very critical of Amazon. He believes that companies like Amazon are benefitting off of...

  Read more
• Why Facebook Wants To Be Regulated?

  The recent Cambridge Analytica scandal has ended up putting companies like Facebook in hot water. The common man has now...

  Read more
• The Impact of AMLO Win on the Mexican Economy

  Andres Manuel Lopez Obrador, popularly known as AMLO, is no stranger to Mexican politics. He has already run for the...

  Read more
• Fighting a Price War

  In the 21st century, marketplaces have become more competitive. This is because the availability of information has become the norm....

  Read more
• The Problem with Modicare

  The Union Budget is a big financial event in India. Each year, the finance minister of the nation sets the...

  Read more
• Wage Increases and Tax Cuts

  Recently the Dow Jones index faced a drastic fall. This fall was partly because of the fears of inflation that...

  Read more
• E-Pharmacy in India

  The e-pharmacy sector in India has been witnessing a lot of startup activity. More than 200 start-ups have sprung up...

  Read more
• Indias Angel Tax

  Obtaining funding for a startup is extremely difficult. It is said that startups receive money only from friends, fools, and...

  Read more
• Should Infrastructure Spending Be Centralized?

  Donald Trump has raised the issue of America’s crumbling infrastructure during his election campaign. He has periodically mentioned that American...

  Read more
• Should Prices Always Rise?

  The modern economy is obsessed with rising prices. An era of falling prices is called deflation. It is almost always...

  Read more
• Viking Economics

  The Vikings were some of the most brutal people that the world has ever seen. The nations that they built...

  Read more
• Why India Should Abolish Personal Income Taxes?

  Personal income taxes are omnipresent all over the world. From the developed nations to the developing ones, all tax the...

  Read more
• How Countries Can Reduce Tax Evasion?

  Tax Evasion vs. Tax Avoidance Tax evasion and tax avoidance are often used interchangeably. However, there is a huge difference...

  Read more
• The Pros and Cons of Amazon’s and Walmart- Flipkart Long Game in Indian eCommerce

  The Race to the Bottom and the Game of Attrition in the Indian eCommerce Sector Much like the broader Indian...

  Read more
• Why the Business and Commerce Battles in the Digital Age are over Data as the New Oil

  Why Data is the New Oil Data is the New Oil, proclaimed, India’s Richest Person and the one of the...

  Read more
• Why India Must Revamp its Education Sector If it Wants to Become a Global Powerhouse

  The Stratification of the Indian Education Sector For a country that prides itself on its rich history and civilization superiority,...

  Read more
• The End of the Indian IT Sector

  The Indian IT sector has been facing a lot of flak. The industry is undergoing a transformation. Issues like the...

  Read more
• Different Types of Online Business Models

  Almost all startups being funded nowadays have an online business model. This is the reason why they appear to be...

  Read more
• What Are Mobile Wallets?

  Mobile wallets have become the latest startup sensation. Companies like PayTm have the first mover advantage in this space. However,...

  Read more
• The Facebook Debacle and the “Own Your Data” Movement

  The world media was recently rocked by a data breach scandal involving Facebook. This scandal wherein Facebook had allowed a...

  Read more
• The Pros and Cons of Defense Spending

  There are some nations in the world who manufacture their own defense equipment. However, a majority of the countries outsource...

  Read more
• The Impact of GDPR on Business

  The Internet has drastically changed in the past few years. Consumers have now become very aware of their privacy issues....

  Read more
• Why are Industrial Companies Acquiring Tech Startups?

  Mergers and acquisitions used to be fairly straightforward in the yesteryears. This is because companies would only make acquisitions within...

  Read more
• Apple’s Trillion Dollar Achievement and Also Some Forthcoming Challenges

  Apple Inc. is the largest company in the world today. In Aug 2018, the company became the first in the...

  Read more
• Can India Really Boycott Chinese Goods?

  India and China are two of the fastest growing economies in the world. They are also neighbors and share a...

  Read more
• Car as a Service (CaaS)

  The rapid advancements in technology have changed the fundamentals of many industries. The increase in connectivity, as well as digitalization,...

  Read more
• Europe’s Controversial Common Agricultural Policy

  European nations have been following a controversial policy called the common agricultural policy. Under this policy, European governments have been...

  Read more
• How Companies are Avoiding Tariffs

  The biggest ever trade war is underway. China and the United States, which are the two largest economies in the...

  Read more
• How the Sharing Economy is Different

  Companies like Uber and Airbnb have a lot in common. They are both startups that were started with relatively fewer...

  Read more
• The Ranbaxy Fiasco

  The Indian pharmaceutical market has been booming for several years. India has the largest number of pharmaceutical manufacturers which supply...

  Read more
• The Turkish Collapse and its Effect on Europe

  The crash in the value of the Turkish lira is not really a surprise. President Erdogan has been following loose...

  Read more
• America’s Response to China’s Belt and Road Initiative

  China ambitious Belt and Road Initiative has attracted the attention of many economists worldwide. Many of these economists believe that...

  Read more
• Data Localization: An In-Depth Analysis

  Ever since the internet has been invented, the world has become a global village. This means that at the present...

  Read more
• Factors behind the Rise of the Swiss Economy

  Western Europe has been an economic powerhouse. Superpowers like Germany and Great Britain have been a part of this region....

  Read more
• Symptoms of an Overheating Economy

  The IMF recently asked the Philippines to take measures to rein in its overheating economy. This is not the first...

  Read more
• The Effect of Rising Oil Prices on the Indian Economy

  The prices of oil have once again started going through the roof. In the past few years, the prices of...

  Read more
• The New NAFTA Deal

  Canada and Mexico are the second and third biggest trade allies for the United States. Historically these nations have had...

  Read more
• Universal Broadband: A Basic Human Right?

  Electricity was the big invention during the 20th century. The governments at that time took the measures that were necessary...

  Read more
• The Bangladesh Growth Story

  Historically, Bangladesh has been one of the most impoverished regions in Asia. The 1971 war of independence left Bangladesh with...

  Read more
• What Is China’s Deleveraging Strategy?

  China has been the fastest growing economy in the world for the past few decades. The Chinese economy continued to...

  Read more
• Cannabis Legalization: Impact on Canadian Economy

  The movement to ensure the legalization of cannabis has been going on in many parts of the globe. Even in...

  Read more
• Cloud Kitchen: The Newest Innovation in the Restaurant Business

  Technology has started impacting all businesses. The restaurant business is no different. Earlier, restaurants used to be low tech and...

  Read more
• Universal Basic Income in India: Examining the Arguments For and Against the Proposal

  Can a Universal Basic Income Scheme be the Game Changer for the Indian Poor? Recently, there were reports in the...

  Read more
• Are Smart Cities The Answer to Urbanization of the World? Examining the Pros and Cons

  Urbanizing World, Social Unrest, and Urban Nightmares The world is urbanizing at an alarming pace. We used the word, alarming,...

  Read more
• Why Radical Disruption is not Always Beneficial: Lessons from Demonetization

  Is Demonetization an Example of Radical Disruption? The Indian Economy and Body Polity was treated to a Shock Exercise when...

  Read more
• International Monetary Fund: A Closer Look

  The International Monetary Fund (IMF) is often in the news. Every now and then some countries approach the IMF when...

  Read more
• Do Farm Loan Waivers and Bank Bailouts Make for Sound Economic and Fiscal Policies?

  Farm Loan Waivers, Bank Bailouts, and Moral Hazards Farm Loan Waivers are the Flavor of the Season as Indian States...

  Read more
• Power Shift: How the Internet has Spawned a New Class of Powerbrokers in All Fields

  How the Internet has Shifted the Balance of Power in All Fields of Our Lives It would be an understatement...

  Read more
• How Algorithms Rule our Lives and What Businesses, Consumers, and Citizens can Do

  How Algorithms Rule Our Lives and Whether That is Necessarily a Good Thing We live in the Age of the...

  Read more
• The Great Indian NBFC Crisis

  The Non-Banking Financial Companies (NBFCs) are quasi-banking institutions in India. They are allowed to make loans just like banks do....

  Read more
• Is the World Economy Dependent on America?

  America is undoubtedly the largest economy in the world as of now. However, countries like China are quickly bridging the...

  Read more
• The Ubiquitous Smartphone and how it has Transformed Business and Commerce

  How the Ubiquitous Smartphone has Revolutionized B2B and B2C Commerce Who doesn’t own a Smartphone? Right from teenagers to senior...

  Read more
• Impact of Crime on South African Economy

  Over the past few years, South Africa has been facing rising levels of violent crime. It is now a known...

  Read more
• Seattle’s Homelessness Crisis

  The city of Seattle, Washington is one of the most prominent economic centers in the world. It houses companies like...

  Read more
• The Economics of Code Sharing Agreements

  The airline industry is one of the most competitive industry in the entire world. A large number of incumbents in...

  Read more
• Why Income Taxes Should Be Abolished?

  Income taxes are a subject of great debate all across the world. There are many who believe that the rich...

  Read more
• Can India Really Guarantee a Minimum Income?

  Elections to the central government are due in India in 2019. This is the reason why all political parties have...

  Read more
• China vs. Taiwan: An Economic Comparison

  China and Taiwan were once part of the same nation. After World War 2 ended, the Chinese political scene was...

  Read more
• Why Wealth Tax has been Abolished All Over the World?

  Taxation is a hotly debated subject all over the world. There are supporters of capitalism who already believe that the...

  Read more
• How the Philippines Beat India at its Own Game

  The Philippines is a small country nestled amidst a scenic archipelago in South East Asia. There wasn’t too much to...

  Read more
• The Economic Effect of the American Deep Freeze

  In the beginning of 2019, America has been hit by a weather phenomenon known as the Polar Vortex. This phenomenon...

  Read more
• Who are HNIs and why they Matter in Both Positive and Negative Ways

  Who are HNIs and Why They are Valuable to Businesses We often hear the term HNIs or High Net-worth Individuals...

  Read more
• Pros and Cons of Opportunity Zones in America

  President Trump introduced one of the biggest tax reforms that the United States has ever seen in Dec 2017. As...

  Read more
• Should There be Reservations in the Private Sector and the Alternatives for Social Justice

  The Vexatious Issue of Reservations in the Indian Private Sector Every now and then, the vexatious issue of Reservations in...

  Read more
• The Economics of Electronic Healthcare Records

  Administrative costs form a major portion of the cost structure of any health care provider. In the case of the...

  Read more
• How North Korea Survives Sanctions?

  The latest round of negotiations between Donald Trump, i.e. President of the United States and Kim Jong Un, the dictator...

  Read more
• Why Jet Airway’s Problems are Symptomatic of the Troubles in the Indian Aviation Sector

  The Never Ending Problems of Jet Airways Not a day goes by without some news or the other about the...

  Read more
• Banning of Unregulated Deposits in India

  The Indian government has been facing several cases of fraud every year. There are many chit-fund schemes like the Saradha...

  Read more
• Economics of Mobile Phones in Africa

  In the developed world, mobile phones are something that we take for granted. The biggest purpose of a cell phone...

  Read more
• How 5G Will Affect Businesses?

  5G is the latest buzzword in the telecommunication sector. For a layman, it is difficult to understand what the buzz...

  Read more
• How Elections Impact The Economy?

  The dates for the general elections in India have just been announced in India. Prime Minister Narendra Modi has also...

  Read more
• How The Chinese Slowdown Hit Apple?

  Apple is a well-known brand since it is the most valuable firm in the entire world! Apple can attribute a...

  Read more
• Pharmacy Benefit Managers: The Root Cause of High Healthcare Prices

  Healthcare prices in the United States are much higher than compared to the rest of the world. There are many...

  Read more
• The Economics of Nuclear Weapons

  The recent India Pakistan skirmishes have brought the issue of a nuclear Armageddon to the forefront of international politics. The...

  Read more
• China’s Crackdown on the Gaming Industry

  China has surprised the global gaming community by starting a full-fledged crackdown on the gaming industry. The Chinese government has...

  Read more
• Crackdown on Indian Credit Rating Firms

  Credit rating industries are part of a closely held industry. For years, this has worked in favor of these agencies...

  Read more
• The Financial Effects of an Indo-Pak War

  The relations between India and Pakistan have never really been cordial. Ever, since the Islamic Republic of Pakistan was carved...

  Read more
• How Effective are Sanctions in Enforcing Compliance and when do they Backfire?

  How do Sanctions Work? Often, we read about the United Nations or the United States imposing sanctions on nations and...

  Read more
• Why are American Companies no Longer Manufacturing Cars?

  American car companies are pursuing a very unique strategy to increase growth and profitability. Generally, when companies talk about increasing...

  Read more
• Economic Impact of the Boeing Fiasco

  Boeing Corporation which is headquartered in the United States is one of the biggest names in the airline industry. When...

  Read more
• Executive Pay: The Curious Case of Carlos Ghosn’s Arrest

  Carlos Ghosn is a 64-year-old French citizen who is the head of three major automobile companies viz. Mitsubishi, Nissan as...

  Read more
• Why are Oil Prices Changing Gears?

  The international oil market is known to be volatile. Ever since oil was first found, the market is known to...

  Read more
• Government Spending vs. Government Taxation

  The state of the American economy is deteriorating at a rapid pace. This is large because of the indiscriminate spending...

  Read more
• America’s Municipal Debt Problem

  The American federal debt problem is well known. There are famous debt clocks which are tracking the increase in American...

  Read more
• Nigeria: A Strange Mix of Poverty and Oil Wealth

  Countries which have large reserves of oil are usually considered to be rich. Barring a few exceptions like Venezuela, Iran,...

  Read more
• The Apple “Credit Card”

  Apple Inc. which is the most valuable company in the world is known for selling high tech products. Over the...

  Read more
• Is the American Dream Over? a Critical Commentary on the Future of the United States

  What is the American Dream and why was it so Good while it Lasted? For a long time, the United...

  Read more
• The Green New Deal

  In the year 2019 the concept of “The Green New Deal” was introduced in American politics. The idea was floated...

  Read more
• Is the Indian Economy at Risk of Turning into another Greece or Thailand?

  What History teaches us and why Forgetting History would condemn us to repeat it? The Indian Elections are over and...

  Read more
• The Two Conflicting Theories of Recession

  The “R” word is back in town. Economists and analysts all over the world are now wary about the fact...

  Read more
• Why is India Following a Loose Monetary Policy?

  Ever since the great recession ended in 2009, the entire world has been following loose expansionist monetary policies. However, after...

  Read more
• Why is Sweden Facing a Currency Crisis?

  Sweden is not really a country that comes to find when one talks about finance or currency trading. The Swedish...

  Read more
• Drug Counterfeiting in India

  The Indian pharmaceutical market is huge, and drugs worth billions of dollars are manufactured and sold every year in India....

  Read more
• Economic Impact of Sri Lankan Attacks

  The small island nation of Sri Lanka now finds itself in the throes of one of the deadliest terrorist attacks...

  Read more
• How China Destroyed its Electric Vehicle Market

  The Chinese government has given a major shock to companies selling electric vehicles in the country. China has announced a...

  Read more
• Italy’s Citizen Income Proposal

  The Italian economy is going through a rough financial period. Not too long ago, the budget of this European economy...

  Read more
• Focusing on Forecasting

  Companies all around the world are focused on quarterly as well as annual results. As soon as these results are...

  Read more
• The Case against Free College Tuition

  The Green New Deal proposal announced by Alexandria Ocasio-Cortez suddenly became a talking point in American politics. The United States...

  Read more
• The Future of Mobility and Opportunities for Investors, Entrepreneurs, and Businesses

  The Future of Mobility Mobility or the ability of people to move from place to another has been an integral...

  Read more
• The Instex Payment System

  Leaders all over the world are upset with America’s hegemonic behaviour. In the past two years, Trump’s policies have caused...

  Read more
• As the World Ages, are we prepared to deal with the Consequences of the Shock of Grey

  The Consequences arising from the Shock of Grey The world is ageing before our eyes, and the moot question to...

  Read more
• What Explains the Decline of the Left in India and its Resurgence in the United States?

  Why the Left in India is facing an Existential Crisis? The recently concluded General Elections in India all but cemented...

  Read more
• Can Credit Card Interest Rates be Capped?

  The American politics is heating up in anticipation of the 2020 Presidential Election. Democrats are unveiling what appears to be...

  Read more
• How the Promised Utopia of Technology is Turning into a Perilous Dystopian Nightmare

  What it was like during the Early Days of the Internet Boom when Utopia seemed Possible There is a general...

  Read more
• Why Indians Must Change Their Work Habits to Become World Class Professionals

  Why Indian Professionals need to Change Their Work Habits In recent years, there has been much talk about how India...

  Read more
• The Interconnectedness between the American Economy and the World Economy

  It is often said that when America sneezes, the entire world catches a cold. This is because of the high...

  Read more
• Canada’s Protectionist Economic Policies

  Canadian Prime Minister Justin Trudeau is often seen criticizing American President Donald Trump for his protectionist trade policies. Trudeau has...

  Read more
• How will the Sino American Trade War End?

  The trade war between China and America seems to be getting worse every day. When negotiations between Trump and Xi...

  Read more
• The Diesel Downturn

  The automobile industry all over the world is facing an unexpected challenge. Diesel vehicles which were the star performers in...

  Read more
• The Fight over Rare Earth Minerals

  The fight between China and the United States has gone to the next level. Up until now, the United States...

  Read more
• The Sino American Trade War: Forced Technology Transfers

  For the past few weeks, it seemed like America and China will finally be able to resolve their trade disputes....

  Read more
• Are Multinational Companies a Boon or a Bane?

  The economic power that many multinational companies wield is commendable, to say the least. Companies like Amazon and Apple have...

  Read more
• China’s Wealth Gap Problem

  Traditionally China has been one of the red states. This means that China traditionally adopted the policy of communism. Hence,...

  Read more
• Digital Cash: Advantages and Disadvantages

  There is a proliferation of electronic payment systems in the 21st century. Debit and credit cards have become the norm,...

  Read more
• Facebook’s Entry into the World’s Payment Systems

  Facebook is a company which has been growing at a breakneck speed. Within a decade, the company has already started...

  Read more
• Is Israel Really an Economic Miracle?

  Israel is one of the youngest countries in the world. It has been in existence for only 72 years. While...

  Read more
• Mexico: The Auto Hub of the World

  Bavarian Motor Works (BMW), which is a world famous car manufacturing company, has now set up its plant in Mexico....

  Read more
• The Trade Deal between America and Mexico

  American President Donald Trump had been holding his guns against the Mexican government for a very long time. In fact...

  Read more
• The Economics of E-Waste

  The modern human society is hooked on electronic devices. As a result, there is an ever-increasing stream of televisions, computer...

  Read more
• Is the Indian Economy About to Return to the Decades of the Hindu Rate of Growth?

  What is the Hindu Rate of Growth and is the Indian Economy returning to it? For a long time from...

  Read more
• Trust is the Key to Building Successful Companies and Great Nations

  The Importance of Trust in Building Successful Companies and Great Nations Recently the former Prime Minister of India, Dr. Manmohan...

  Read more
• The Debate over the Continuity of Policies When Governments Change and Implications

  Is it Necessary to Discontinue Policies of the Predecessors when Governments Change? You might have read in the news about...

  Read more
• Why there are Fewer Women in the Workforce and what can be done to rectify this

  The Benefits of Having More Women in the Workforce As most organisational and business experts agree, there is a business...

  Read more
• Why Facebook must be Prevented from being used to Interfere in Elections Worldwide

  How Facebook can be used to Influence and Interfere in Elections Worldwide It is a known fact that social media,...

  Read more
• What Davos teaches us about Networking and Deal-making at the Highest Levels?

  What is Davos and why it is so important for the Global Movers and Shakers? Davos, a small town in...

  Read more
• Are We Living in a Reality TV Like World? How Does This Impact Business and Society?

  Whoever Controls the Narrative, Wins Look around and watch what is going in the world around us and you would...

  Read more
• Why the Present Job Crisis in India is a Perfect Storm of Converging Trends

  Why India is in The Eye of Perfect Storm With Regards to the Jobs Crises By now, there is a...

  Read more
• The Changing Role of the CEOs in the Digital Age and What It Means for Them

  The Changing Nature of Capital Allocation and Capital Expansion With the Digital Age well and truly upon us, the changes...

  Read more
• Are Indian Start-ups and eCommerce Firms Living in Fantasy Land without Profits?

  Are Indian Start-ups and eCommerce Firms Living in Fantasy Land? It is a well known fact that India is a...

  Read more
• How Much Should the Government Help Struggling Businesses in Times of Crises

  What the Proponents of Governmental Bailouts Have to Say about Bailing Out Businesses The ongoing economic and financial crisis due...

  Read more
• Why Businesses Must Prepare for Chaos and Confusion as the New Normal to Come

  What Will the New Normal look Like for Businesses and is it All Chaos and Confusion? As the shuttered economies...

  Read more
• Offshoring and Outsourcing Firms in the New Normal and what is in Store for Them?

  How the New Normal is Being Shaped and How it Would Impact Global Supply Chains Much has been spoken and...

  Read more
• Why India Inc. Must Prepare for a Perfect Storm of Converging Crises

  The Perfect Storm of Converging Crises: Covid 19, Depressed Economy, and Social Unrest India is staring at a Perfect Storm...

  Read more
• COVID 19 and Its Impact on the Technology Sector

  In the past few years, technology companies have been driving the boom in the financial markets. The FAANG companies (Facebook,...

  Read more
• The Power of Gatekeepers Who Control Data and Information in a Digital World

  How Access to Knowledge Has Been Restricted Down the Ages to the Present Times We live in a Digital World...

  Read more
• The Impact of COVID-19 on Start-ups

  Startups had become an important part of the modern economic system. Most of the companies which have achieved billion-dollar valuations...

  Read more
• Why Corporates Need to be Social Media Savvy in a 24/7 World Driven by Technology

  Why Social Media is Here to Stay and is the Future for Firms of All Sizes and Scale We live...

  Read more
• Why the Chief Technology Officer has become so critical to the Success of Corporates?

  The Transformation of the Role of the CTOs since the 1990s and to the Present Digital Age Until a decade...

  Read more
• How the Pandemic is a Nightmare for Small Businesses and Ways to Help Them

  How the Economic Crisis Due to the Covid Pandemic Has Been Disastrous for the SMEs While the Covid 19 Pandemic...

  Read more
• Are Women Leaders Better Than Their Male Counterparts? Lessons from the Pandemic

  How Women Leaders Were More Effective Than Their Strongmen Counterparts The Covid 19 Pandemic has taught several lessons. Right from...

  Read more
• What is Commercial Arbitration and How Firms Use it to Settle Business Disputes

  What is Arbitration and why it is so important and how does It Take Place? We often hear the term,...

  Read more
• Where Does the United States Go From Here and the Impact on Business and Economy?

  How the Events of Mayhem on Capitol Hill Shocked Americans and the World as Well As the world watched in...

  Read more
• Does India Inc. Have a Diversity Problem? Should Indian Firms Do More for Inclusivity?

  What Do Recent Events Indicate About How India Inc. Has a Diversity Problem? It is a well known fact that...

  Read more
• Should Corporates Implement Affirmative Action as a Means of Ensuring Social Justice?

  What is Affirmative Action and does it Help or Hinder the Goals of Social Justice? The United States has a...

  Read more
• The Glocal Approach in Business Is Applying Practical Intelligence in the Real World

  What is Practical Intelligence, Why Is It Important, and How It Works in the Real World The world admires Street...

  Read more
• What is China Plus Strategy and Why it Can Become a Game Changer for the Indian Economy?

  How, China Known as the Factory of the World Is Losing Its Seen Due To the China plus Strategy China...

  Read more
• What’s Behind the Big Tech Meltdown? Is It a Temporary Blip or a Longer Term Reckoning?

  Anything That Goes Up Has To Come Down! The Big Tech Meltdown and Its Causes and Consequences Once considered the...

  Read more
• Future of Jobs in a World that is in Perpetual Recession and its Impact on Current Generation

  The End of the Good Life for the Current Generation With the global economy mired in deep recession for the...

  Read more
• Why the Global Economy is Creaking to a Halt despite Monetary Stimulus

  Why Printing Money is Leading us Nowhere We discussed how central banks around the world are printing money and pumping...

  Read more
• The Globalization of Supply Chains and its Implications for Trade and Commerce

  Globalization of Supply Chains and its Implications We have discussed how the globalization of the world economy has made the...

  Read more
• How Central Bankers and Policymakers are Losing Control of the Global Economy

  The US Fed and Tapering of Quantitative Easing (QE) The recent announcement that the United States Federal Reserve was thinking...

  Read more
• How the Internet is Democratizing the World and Contributing to a Powershift

  Empowering Individuals through Knowledge at the Click of a Mouse In the current information age, knowledge is power and whoever...

  Read more
• How Loose Monetary Policies by Central Banks Create Asset Bubbles and Lead to Inflation

  Loose or Tight Monetary Policies ? The debate over whether central banks around the world must pursue loose monetary policies...

  Read more
• How Nations, Like Firms, Must Decide What to Make and What to Buy ?

  Why Nations are Similar to Firms When Deciding on What to Make and What to Buy Businesses often decide on...

  Read more
• Why the Present Situation in the Global Economy Resembles the 1990s

  Most of us would not have been that old to remember the global economic conditions that were prevailing in the...

  Read more
• The Rise of Protectionism and What it Means for Globalization

  Globalization gone too far? Many experts believe that the pace of globalization had accelerated so much in the period starting...

  Read more
• Is the Internet the Great Leveler in Globalization?

  Flat World? The famous cheerleader of globalization, Thomas Friedman, characterizes the global economy as a “flat world” where anyone can...

  Read more
• What is Debt Ceiling and How it Would Affect the World

  A hot topic among investors, economists, and stock market experts these days is the looming fight over the debt ceiling...

  Read more
• Business Trends: The Coming Demographic Boom for Some and Bust for Some

  Demographic Dividend We often hear the term, demographic dividend being bandied about in the media and in books. However, not...

  Read more