E. Mrudula
25 books
Financial reporting is a means for an organization to communicate its past actions and proposed future plans to the owners, investors or to the society, as they are either the present or the potential stakeholders in business. In the recent past, a number of instances have come to the fore, where loopholes in the traditional financial reporting system have been exploited to provide misleading information to the investors, while hiding the real financial position ...
Lean is a concept of removing waste and adding value to the organization in terms of improving its productivity as well as profits. Toyota Motor Company pioneered the concept of lean. Lean, which was dominating the manufacturing industry, spread its application to other industries as well subsequently. This book explores the application of lean in various industries like healthcare, construction, service industry, etc and urges the readers to apply this concept ...
‘Lean’ is a management term that is used to remove waste and improve the workflow in the organizations thereby, increasing their productivity and profitability. It also reduces the cost and time involved. It is not used just, as a tool to improve the operations in the organization; rather, it is a holistic enterprise-wide approach. It is more than just cost cutting. It was first implemented in Toyota on the concepts pioneered by Ford. Boeing, Maruti, Hero ...
When an organization voluntarily seeks to transfer some of its resources to help the needy, it indulges in corporate philanthropy. This book chronicles the role of charitable organisations over the past few decades, with articles on corporate social responsibility and strategic philanthropy. Cases on this subject include companies such as CISCO, Tata Steel, Dr. Reddy’s Foundation, Coke and Maruti Udyog.
Though value-based management (VBM) has been used for a decade now, it is still considered a new management technique. Organizations using this technique, have been successful and have increased the value of both the shareholders and the company. To measure the value of a company, apart from traditional accounting methods, financial performance tools like EVA, CFROI and Cash Flows have been used by consultants like Stern Stewart, BCG Group and McKinsey. This book ...
EPM helps to minimize cost, time and budget overruns. This book discusses EPM as an essential management approach and explores two other approaches of project management, which are Project Portfolio Management (PPM) and Project Management Office (PMO). Find out more about EPM, strategies of companies that implement EPM as well as the relationship between PMO and EPM.
Philanthropy comprises all that an individual, an institution or corporation does to promote human welfare. Today, the nature of philanthropy, its causes, individual and institutional participation in philanthropy, donor expectations and patterns of giving have changed. This book discusses the aspects of philanthropy including corporate philanthropy, strategic philanthropy, corporate social responsibility, and cause related marketing. The philanthropic cultures ...
This is one of the fastest growing areas of outsourcing. Today, not just payroll and recruitment, but many other functions of HR such as training and development and performance appraisal are being outsourced since this provides a cost and time advantage. This book also details the experiences of Accenture and Aon Consulting, among others.
The management has to recognize the important role of Human Resource Department in order to successfully steer organizations towards profitability. It is necessary for the management to invest considerable time and amount, to learn the changing scenario of the HR department in the 21st century. In order to survive the competition and be in the race, HR department should consciously update itself with the transformation in HR and be aware of the HR issues cropping ...
Terrorism is an unlawful use of violence by a person or a group of people against people or property. It threatens societies and governments for ideological or political reasons. It is spreading its tentacles in every manner and in every direction, by nationalist and ethnic groups, and by revolutionaries. Terrorism is dangerous anywhere and everywhere, and has to be handled carefully and effectively. It involves shooting, bombing, random killing or hijacking. It ...
Talent Crunch refers to the lack of skilled manpower. This deficiency is a major problem the companies are facing in today’s environment. Companies are trying to attract and retain their employees in all possible ways, but still the problem of shortage is never ending. This deficiency is observed in sectors like IT/BPO, Aviation, Animation, and Tourism. It may be because of many reasons like poaching, aging problem, unmotivated, and untrained labor force. Even ...
The price of gold is the outcome of market capital flows and economic and geo-political issues across the globe rather than a reflection of supply-demand positions. Lately, linking gold with the stock markets and the emergence of derivatives in gold trading have thrown up a new layer in the complex price-production-supply-demand web of physical gold. This book analyses the role of gold from a historical perspective, its usefulness in risk management and as a ...
As the competition in the global business environment is increasing rapidly, the role of women as business leaders and managers occupying top slots in the organizations is equally on the rise. Women are competing on a par with their male counterparts, revealing various styles and traits in achieving success. Women leaders are more assertive and persuasive, have a stronger need to get things done and are more willing to take risks than male leaders, are able to ...
WTO ushered in opportunities and challenges to domestic and international economies. It traces the history of the WTO that was set up in 1995 and China’s accession to it in 2001 after 15 years of negotiations. The book analyses the impact of China's entry into the WTO and how deftly it enabled foreign-funded banks to provide foreign-exchange services to Chinese clients.
In a modern economy, human capital is the driving force behind the success of every organization. HR strategies are key differentiators and source of competitive advantage in today’s organization. HR managers find it difficult to manage a large human capital that usually contributes to help and track the functioning of other departments but fails to measure its own effectiveness. In this context, HR department has come out with a new innovative tool, HR ...
Multinational companies (MNCs) have expanded around the world and Transfer Pricing (TP) practices help them enjoy a reduced tax liability. TP refers to internal pricing arrangements to exchange goods, services and other tangible and intangible assets among an MNC’s subsidiaries. This book looks at TP’s emerging issues, arbitrage and TP and Chinese, Mexican and Canadian experiences.
Employee motivation plays a vital role in making a successful business maintain consistent performance. Managers must motivate employees by bringing out their talents and encouraging them to work individually and in groups. In order to bring out hidden talent, efficiency and the motivating force of each employee, organizations should know how to identify and bring out the "in thing" within every employee.
International financial institutions are institutions operating at an international level, giving loans to governments for large scale projects on condition that they increase the economic growth. The main aim of setting up these institutions was to promote the economic growth and to reduce the depressions. The two main international financial institutions are International Monetary Fund and World Bank which were developed at the time of World War II in the year ...
Human Capital Management (HCM) is all about collecting and assessing specific information to attract and retain the cream of talent. It plays a significant role in managing the firms most important asset-its people. HCM is a process of improving the performance of the people-its skills, competencies and experience-that render an organization more valuable.
Plastic money or polymer money, made out of plastic, is a new and easier way of paying for goods and services. Plastic money was introduced in the 1950s and is now an essential form of ready money which reduces the risk of handling a huge amount of cash. It includes debit cards, ATMs, smart cards, etc. Credit cards, variants of plastic money, are used as substitutes for currency. This book on plastic money is divided into two sections titled Concepts and ...
The services sector constitutes a large part of an economy both in terms of employment potential and its contribution to national income. The sector covers a wide array of activities like financial services, hospitality services, outsourcing services, advisory services, communication services, information technology and educational services. Globalised economy, accessibility to information, efficient markets have all intensified competition leading to an intense ...
Sarbanes-Oxley Act (SOX) passed in the United States in 2002 is a landmark political and public policy reaction to a string of corporate and accounting scandals that rocked their financial markets. Given the fact that half the world's equity shares, by market cap, trade in the US, and non-US investors have an estimated $4.5 trillion invested in US stock markets, this "domestic" legislation has far reaching international consequences. This book ...
With the development of technology, exchange of goods and services is now possible through the Internet. The process of trading over the Internet or 'e-commerce' has been a major success in North America and is growing in Asian markets. E-commerce varies among continents, countries and communities because of a difference in behavioral patterns, arts, beliefs, institutions, and all other products of human work and thought-point traders must consider while doing ...
This derivative book deals with revenue-the biggest item in financial statements and perhaps the most contentious. E-commerce and new business models have created different revenue streams to be accounted for, thereby laying great stress on Revenue Recognition (RR). Read this book to know all about RR such as the right to recognize revenue, revenue & expense recognition, its perils and audit issues and RR policies in telecommunications, pharmaceutical ...