Management Articles

Features of Management

Admin — Thu, 16 May 2013 13:05:52 +0000

Management is the art of getting things carried out by individuals in officially organized groups. According to McFarland, “Management is defined for conceptual, theoretical and analytical uses as that procedure whereby managers create, direct, preserve, and operate organisation by means of organized, coordinated co-operative human effort.” Features of Management The attributes of management are listed [...]

Human Resource Development HRD

Admin — Mon, 13 May 2013 12:42:02 +0000

Human Resource Development (HRD) can be described to include the activities and processes carried out to promote the intellectual, cultural, moral, psychological, social and economic development of the staff members within an organisation in an effort to enable them to attain highest human potential as a resource for the community. Daftur states HRD as a [...]

Principles of Human Resource Management

Admin — Mon, 13 May 2013 11:55:10 +0000

Human resource management is the process of managing an organization’s employees, or human resources. Human resource management (HRM) is the acceptance that workers are not just one of the factors of production like machinery/equipment or cash but they are a key source of competitive advantage. Probably the most essential objective of HRM is the development [...]

Differences between Personnel Management (PM) & Human Resource Management (HRM)

Admin — Mon, 13 May 2013 06:50:58 +0000

Significant differences exist between human resource management (HRM) and personnel management (PM). Personnel management is a traditional approach but human resource management a modern approach. Human Resource Management (HRM) Vs Personnel Management (PM) 1. Numerous remarks on the subject of Personnel Management seem to visualize it as a management activity, which is mainly targeted at [...]

Determinants of Internationalisation of Corporate Technology

Admin — Wed, 08 May 2013 12:49:38 +0000

In accordance with empirical data at an aggregate level it has been debated that the tendency to internationalise corporate technological activity is higher among organizations coming from smaller countries and in less research-intensive industries. Nevertheless, more disaggregated proof on the patenting of the world’s largest companies indicates a far more complex image. First, the share [...]

Behavioral Aspects of Price Setting, and Their Policy Implications

Admin — Wed, 08 May 2013 12:42:18 +0000

In this report we start by talking about consumers’ cognitive and emotional reaction to posted prices. Cognitively, a few buyers don’t seem to make efficient use of price information to optimize their consumption-based utility. On an emotional level, prices can cause regret and anger among consumers. The optimal responses of firm’s prices to these reactions [...]

Building Innovative Communities: Lessons from Japan’s Science City Projects

Admin — Wed, 08 May 2013 12:28:41 +0000

In this paper we analyze Japan’s Science City projects to find the degree that they boost catalytic mechanisms in their communities. It is debatable that the very idea of a Science City is little more than a theme for funneling public funds into infrastructural development in support of some high-technology industries. In Japan attention is [...]

A Gap-Filling Theory of Corporate Debt Maturity Choice

Admin — Tue, 30 Apr 2013 12:48:14 +0000

We debate that time-series variation in the maturity of total corporate debt issues arises because organizations behave as macro liquidity providers, soaking up the large supply shocks linked with changes in the maturity structure of govt debt. Our team documents that when the govt funds itself with relatively more short-term debt, organizations fill the resulting [...]

Technoligical Life Cycles Regional Clusters Facing Disruption

Admin — Tue, 30 Apr 2013 12:17:23 +0000

The trend of technological life cycles is debated to be of great value in the growth and development of regional clusters. New ‘disruptive’ technologies may trigger the growth of new regional industrial clusters and/or create unique opportunities for further development of existing ones. Nevertheless, they may also lead to stagnation and decline of the latter. [...]

Enhancing Bank Transparency: A Re-assessment

Admin — Tue, 30 Apr 2013 06:40:59 +0000

Transparency regulation is aimed at lowering financial fragility by strengthening market discipline. There are however 2 elementary properties of banking which may render such regulation inefficient at best and detrimental at worst. First, a comprehensive financial safety net may get rid of the disciplinary effect of transparency regulation. Next, achieving transparency is costly for banks, [...]

Paid by performance – A study about factors of motivation and risk acceptance

Admin — Tue, 30 Apr 2013 05:57:21 +0000

To make a person work for the same goals as the corporation, the management has to appeal to the individual worker’s needs and factors of motivation. To overbuild current differences between individual and company aims, incentive systems are created. These may have different formulations, and rewards given can take many forms according to individuals’ motivating [...]

Managerial Overconfidence and Corporate Policies

Admin — Fri, 26 Apr 2013 09:54:23 +0000

Miscalibration is a common way of measuring overconfidence in both psychology and economics. Even though it is frequently utilized in lab experiments, there is lack of proof about its effects in practice. We test whether top corporate managers are miscalibrated, and whether their miscalibration influences investment behavior. Over 6 years, we gather a unique panel [...]

Demand for money market mutual funds

Admin — Fri, 26 Apr 2013 07:40:51 +0000

This report offers a model on the need for money market funds (MMFs). These funds are a highly close alternative for M1 deposits, except that MMFs don’t fulfill instant transaction needs. The interest in MMFs strengthens when the expected size of transactions is small. A high interest rate level makes it costly to hold M1 [...]

Capital Structure, Wage Bargaining and Employment

Admin — Fri, 26 Apr 2013 07:10:24 +0000

We provide a unified framework to evaluate the determination of employment, employee effort, wages, profit sharing and capital structure when organizations face stochastic revenue shocks. We use a generic Nash bargaining method, which extends the wage bargaining literature by including efficiency wage considerations, profit sharing and capital structure. The profit sharing instrument is shown to [...]

Entry by Spinoff in a High-tech Cluster

Admin — Wed, 03 Apr 2013 12:49:57 +0000

Not too long ago empirical research has centered on how abilities of new entering firms are essential for the development of industries over time. The overall performance of recent entrants definitely seems to be considerably affected by their pre-entry background. The general impression of the literature is that businesses founded by former employees of successful [...]