THOUGHT FOR THE DAY

Life

"Life consists not in holding good cards but in playing those you hold well."

- Josh Billings

TOPIC OF THE DAY

David H. Hubel

David Hunter Hubel (born February 27, 1926) was co-recipient with Torsten Wiesel of the 1981 Nobel Prize in Physiology or Medicine, for their discoveries concerning information processing in the visual system; the prize was shared with Roger W. Sperry for his independent research on the cerebral hemispheres. In 1978, Hubel and Wiesel were awarded the Louisa Gross Horwitz Prize from Columbia University.

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LATEST ARRIVALS

Unfreedom And Waged Work: Labour In India's Manufacturing Industry by Sunanda Sen, Byasdeb Dasgupta

THOUGHT FOR THE DAY

University

“The University brings out all abilities, including incapability.”

Anton Chekhov

TOPIC OF THE DAY

Wage labour

Wage labour is the socioeconomic relationship between a worker and an employer in which the worker sells their labour under a contract (employment), and the employer buys it, often in a labour market.Need quotation on talk to verify] In exchange for the wages paid, the products of the labour become the property of the employer. A wage labourer is a person whose primary means of income is from the selling of his or her labour in this way.

The phrase is also sometimes used to refer to the labour done for an employer in exchange for a wage, the effort expended by a worker to a task for which they are paid

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LATEST ARRIVALS

Unfreedom And Waged Work: Labour In India's Manufacturing Industry by Sunanda Sen, Byasdeb Dasgupta

THOUGHT FOR THE DAY

Science

"Only two things are infinite, the universe and human stupidity, and I'm not sure about the former."

Albert Einstein

TOPIC OF THE DAY

Managing performance

Managing performance has become a buzz-phrase of management. What is meant by performance management or managing performance varies enormous. For some, it means manipulating pay and other reward systems so that people will work harder. For others, it means telling staffs what they should do. Other people think it means increasing people's understanding of the whole process so that they know what they are doing and why.

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LATEST ARRIVALS

Managing performance to maximize results by Harvard Business School Press

THOUGHT FOR THE DAY

Priority

"The main thing is to keep the main thing the main thing."

- Stephen Covey

TOPIC OF THE DAY

Jacques de Vaucanson

Jacques de Vaucanson (February 24, 1709 – November 21, 1782) was a French inventor and artist with a mechanical background who is credited with creating the world's first true robots, as well as for creating the first completely automated loom.

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LATEST ARRIVALS

Practical Microfinance: a training manual by Malcolm Harper

THOUGHT FOR THE DAY

Model

“Each person must live their life as a model for others.”

- Rosa Parks

TOPIC OF THE DAY

Financial modeling

Financial modeling is the task of building an abstract representation (a model) of a financial decision making situation. This is a mathematical model, such as a computer simulation, designed to represent (a simplified version of) the performance of a financial asset or a portfolio, of a business, a project, or any other form of financial investment. Many financial models are inherently stochastic.

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LATEST ARRIVALS

Building Financial Models With Microsoft Excel: A Guide For Business Professionals by K. Scott Proctor

THOUGHT FOR THE DAY

Music

"Music expresses that which cannot be said and on which it is impossible to be silent."

- Victor Hugo

TOPIC OF THE DAY

Microfinance

Microfinance is the provision of financial services to low-income clients, including consumers and the self-employed, who traditionally lack access to banking and related services.

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LATEST ARRIVALS

Practical Microfinance: a training manual by Malcolm Harper

THOUGHT FOR THE DAY

Right

"The time is always right to do what is right."

- Martin Luther King, Jr.

TOPIC OF THE DAY

Gertrude B. Elion

Born in New York City in 1918, Gertrude Elion graduated from Hunter College with a B.A. degree in chemistry in 1937. In the midst of the Great Depression it was difficult for a woman to find a job in science. Elion had decided while still in high school to become a cancer researcher but for several years worked as a lab assistant, food analyst, and high school teacher while completing her Masters degree at night. She received an M.S. in chemistry from New York University in 1941.

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LATEST ARRIVALS

Corporate disclosures: the origin of financial and business reporting 1553-2007 AD by Shankar Jaganathan

THOUGHT FOR THE DAY

Brave

"Fortune and love favor the brave."

- Ovid

TOPIC OF THE DAY

Enzo Ferrari

Enzo Anselmo "the Commendatore" Ferrari (February 20, 1898[1] – August 14, 1988) Cavaliere di Gran Croce OMRI was an Italian race car driver and entrepreneur, the founder of the Scuderia Ferrari Grand Prix motor racing team, and subsequently of the Ferrari car manufacturer.

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LATEST ARRIVALS

Corporate disclosures: the origin of financial and business reporting 1553-2007 AD by Shankar Jaganathan

THOUGHT FOR THE DAY

Library

“An original idea. That can't be too hard. The library must be full of them.”

-Stephen Fry


TOPIC OF THE DAY

International finance

International finance is the branch of economics that studies the dynamics of exchange rates, foreign investment, and how these affect international trade. It also studies international projects, international investments and capital flows, and trade deficits. It includes the study of futures, options and currency swaps. Together with international trade theory, international finance is also a branch of international economics.

Some of the theories which are important in international finance include the Mundell-Fleming model, the optimum currency area (OCA) theory, as well as the purchasing power parity (PPP) theory. Moreover, whereas international trade theory makes use of mostly microeconomic methods and theories, international finance theory makes use of predominantly intermediate and advanced macroeconomic methods and concepts.

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LATEST ARRIVALS

Managing Innovations And New Product Development : Concepts And Cases by Manmohan Rahul

THOUGHT FOR THE DAY

Dreams

“Myths are public dreams, dreams are private myths."

- Joseph Campbell

TOPIC OF THE DAY

Analysis of Corporate Disclosure

The relative performance evaluation (RPE) hypothesis states that firms benefit from comparing their own performance to that of a peer group when evaluating the CEO's performance. Although in theory firms should be employing relative performance to evaluate the CEO, indirect empirical tests in the 1980s and 1990s generally fail to support the RPE hypothesis.

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LATEST ARRIVALS

Corporate disclosures: the origin of financial and business reporting 1553-2007 AD by Shankar Jaganathan

THOUGHT FOR THE DAY

Peace

“Those who are at war with others are not at peace with themselves.”

- William Hazlitt


TOPIC OF THE DAY

Personal Accountability

How liable is someone for their behaviour? I don't really know the answer. There have been some interesting precedents reported in the news lately. Generally people in a psychotic episode are not held criminally responsible for their behaviour. In Ontario they are NCR (not criminally responsible). Some are so sick they are not considered capable of standing trial.

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LATEST ARRIVALS

The 85% solution: how personal accountability guarantees success by Linda Galindo

THOUGHT FOR THE DAY

Change

“You must be the change you wish to see in the world.”

- Mohandas Gandhi

TOPIC OF THE DAY

Negotiation

Negotiation is a dialogue intended to resolve disputes, to produce an agreement upon courses of action, to bargain for individual or collective advantage, or to craft outcomes to satisfy various interests. It is the primary method of alternative dispute resolution.

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LATEST ARRIVALS

3D Negotiation: powerful tools to change the game in your most important deals by David A. Lax and James K. Sebenius

THOUGHT FOR THE DAY

Attitude

“Our attitude toward life determines life's attitude towards us.”

- John N. Mitchell

TOPIC OF THE DAY

Communication

Communication is a process of transferring information from one entity to another. Communication processes are sign-mediated interactions between at least two agents which share a repertoire of signs and semiotic rules. Communication is commonly defined as "the imparting or interchange of thoughts, opinions, or information by speech, writing, or signs". Although there is such a thing as one-way communication, communication can be perceived better as a two-way process in which there is an exchange and progression of thoughts, feelings or ideas (energy) towards a mutually accepted goal or direction (information).

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LATEST ARRIVALS

Written Communications That Inform And Influence by Harvard Business School Publishing

THOUGHT FOR THE DAY

Love

"A very small degree of hope is sufficient to cause the birth of love."

- Henri B. Stendhal

TOPIC OF THE DAY

Credit derivatives

In finance, a credit derivative is a derivative whose value is derived from the credit risk on an underlying bond, loan or any other financial asset. In this way, the credit risk is on an entity other than the counterparties to the transaction itself. This entity is known as the reference entity and may be a corporate, a sovereign or any other form of legal entity which has incurred debt. Credit derivatives are bilateral contracts between a buyer and seller under which the seller sells protection against the credit risk of the reference entity.

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LATEST ARRIVALS

Credit derivatives and structured credit trading by Vinod Kothari

THOUGHT FOR THE DAY

Nature

"Nature, to be commanded, must be obeyed."

- Francis Bacon

TOPIC OF THE DAY
Brain Storming

Brainstorming is a group creativity technique designed to generate a large number of ideas for the solution of a problem. In 1953 the method was popularized by Alex Faickney Osborn in a book called Applied Imagination. Osborn proposed that groups could double their creative output with brainstorming.

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LATEST ARRIVALS

The Options trading: body of knowledge by Michael C. Thomsett

THOUGHT FOR THE DAY

Faith

“Faith is taking the first step even when you don't see the whole staircase.”

- Martin Luther King, Jr.

TOPIC OF THE DAY

Options trading

Option Trading, or options trading, is the trading of stock options over an exchange. As options trading is most commonly conducted through online option trading brokers, it is also commonly known as Online Options Trading or even Online Optiontrading.

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LATEST ARRIVALS

The Options trading: body of knowledge by Michael C. Thomsett

THOUGHT FOR THE DAY

Movies

“In feature films the director is God; in documentary films God is the director."

Alfred Hitchcock

TOPIC OF THE DAY

Competitive Position

Michael Porter's famous Five Forces of Competitive Position model provides a simple perspective for assessing and analysing the competitive strength and position of a corporation or business organization.

Porter's five forces

1. Existing competitive rivalry between suppliers
2. Threat of new market entrants
3. Bargaining power of buyers
4. Power of suppliers
5. Threat of substitute products (including technology change)


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LATEST ARRIVALS

Beating the commodity trap: how to maximize your competitive position and increase your pricing power by Richard A. D'Aveni

THOUGHT FOR THE DAY

Plan

“Failure is nature's plan to prepare you for great responsibilities”

- Napoleon Hill

TOPIC OF THE DAY

Business Model

A business model describes the rationale of how an organization creates, delivers, and captures value - economic, social, or other forms of value. The term business model is thus used for a broad range of informal and formal descriptions to represent core aspects of a business, including purpose, offerings, strategies, infrastructure, organizational structures, trading practices, and operational processes and policies.

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LATEST ARRIVALS

Getting to plan B: breaking through to a better business model by John Mullins and Randy Komisar

THOUGHT FOR THE DAY

Sports

"As you walk down the fairway of life you must smell the roses, for you only get to play one round."

Ben Hogan

TOPIC OF THE DAY

Retailing in India

Retailing is one of the pillars of the economy in India and accounts for 35% of GDP.

The retail industry is divided into organised and unorganised sectors. Over 12 million outlets operate in the country and only 4% of them being larger than 500 sq ft (46 m2) in size. Organised retailing refers to trading activities undertaken by licensed retailers, that is, those who are registered for sales tax, income tax, etc. These include the corporate-backed hypermarkets and retail chains, and also the privately owned large retail businesses.

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LATEST ARRIVALS

Managing retailing by Piyush Kumar Sinha and Dwarika Prasad Uniyal

THOUGHT FOR THE DAY

Happiness

"Some cause happiness wherever they go; others whenever they go."

- Oscar Wilde

TOPIC OF THE DAY

Stephen Gray

Stephen Gray (December 1666 – 7 February 1736) was an English dyer and amateur astronomer, who was the first to systematically experiment with electrical conduction, rather than simple generation of static charges and investigations of the static phenomena.

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LATEST ARRIVALS

Evaluating software architectures: methods and case studies by Paul Clements and others

THOUGHT FOR THE DAY

Time

“Time is a great teacher, but unfortunately it kills all its pupils”

-Louis Hector Berlioz


TOPIC OF THE DAY

Internet suicide

An Internet suicide pact (cybersuicide pact) is a suicide pact made between individuals who meet on the Internet.

"Internet suicide" can also refer to committing many Terms of Service violations on a website with the intention of getting banned, either out of frustration, or when no alternative exists for closing an account.

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LATEST ARRIVALS

Managing Change To Reduce Resistance by Harvard Business School Press

THOUGHT FOR THE DAY

Work

"Efficiency is doing things right; effectiveness is doing the right things."

- Peter Drucker

TOPIC OF THE DAY

International Capital Markets & Their Importance

Basically, the international capital market includes any transaction with an international dimension. It is not really a single market but a number of closely integrated markets that include some type of international component. The foreign exchange market was a very important part of the international capital market during the late 1990s. Internationally traded stocks and bonds have also been part of the international capital market. Since the late 1990s, sophisticated communications systems have allowed people all over the world to conduct business from wherever they are. The major world financial centers include Hong Kong, Singapore, Tokyo, London, New York, and Paris, among others.

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LATEST ARRIVALS

Introduction to international capital markets: products, strategies, participants by Andrew M. Chisholm

THOUGHT FOR THE DAY

War

"In peace, sons bury their fathers. In war, fathers bury their sons."

- Herodotus

TOPIC OF THE DAY

Business model

A business model describes the rationale of how an organization creates, delivers, and captures value - economic, social, or other forms of value. The term business model is thus used for a broad range of informal and formal descriptions to represent core aspects of a business, including purpose, offerings, strategies, infrastructure, organizational structures, trading practices, and operational processes and policies.

Read on...

LATEST ARRIVALS

Evaluating software architectures: methods and case studies by Paul Clements and others

THOUGHT FOR THE DAY

Education

"Education’s purpose is to replace an empty mind with an open one."

- Malcolm Forbes

TOPIC OF THE DAY

Capital Market Securities

Stocks and bonds are generally termed as the capital market securities. These are traded in separate markets. These capital market securities are used by a number of companies, corporations and governments to raise funds for various purposes. These funds are raised for long terms.

There are the regulatory authorities in every country to supervise the capital market securities and their respective market.

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LATEST ARRIVALS

Evaluating software architectures: methods and case studies by Paul Clements and others

THOUGHT FOR THE DAY

Trust

“Trust yourself. You know more than you think you do.”

-Benjamin Spock


TOPIC OF THE DAY

Cyber Law in India

In Simple way we can say that cyber crime is unlawful acts wherein the computer is either a tool or a target or both.

Cyber crimes can involve criminal activities that are traditional in nature, such as theft, fraud, forgery, defamation and mischief, all of which are subject to the Indian Penal Code. The abuse of computers has also given birth to a gamut of new age crimes that are addressed by the Information Technology Act, 2000.

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LATEST ARRIVALS

HR transformation: building human resources from the outside in by Dave Ulrich and others

THOUGHT FOR THE DAY

Work

"I have not failed. I've just found 10,000 ways that won't work."

- Thomas A. Edison

TOPIC OF THE DAY

Force field analysis

Force field analysis is an influential development in the field of social science. It provides a framework for looking at the factors (forces) that influence a situation, originally social situations. It looks at forces that are either driving movement toward a goal (helping forces) or blocking movement toward a goal (hindering forces). The principle, developed by Kurt Lewin, is a significant contribution to the fields of social science, psychology, social psychology, organizational development, process management, and change management.

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LATEST ARRIVALS

The idea of justice by Amartya Sen