THOUGHT FOR THE DAY

Smile

“Life is like a mirror, we get the best results when we smile at it. ”

- Anonymous

TOPIC OF THE DAY

Happiness at work

If you are a relatively junior employee at your company, though you carry out a very important role, you may not always be recognised. You might also face some of the following challenges:

* Little fulfilment at work
* Long working hours
* Conflicting demands on your time and loyalty
* Little balance between personal life and work commitments
* Tight deadlines.........

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LATEST ARRIVALS

Strategy For Competition by Simon Hermann

THOUGHT FOR THE DAY

Trust

“To be trusted is a greater compliment than being loved.”

- George MacDonald

TOPIC OF THE DAY

Scientific Management

The theory of scientific management is the “brainchild” of Frederick Winslow Taylor. In its simplest form the theory is the belief that there is “one best way” to do a job and scientific methods can be used to determine that “one best way”.

Taylor developed his theory through observations and experience as a mechanical engineer. As a mechanical engineer Taylor noticed that the environment lacked work standards, bred inefficient workers and jobs were allocated to people without matching the job to the worker’s skill and ability. In addition to this the relationship of the workers with the managers included many confrontations.

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LATEST ARRIVALS

Harvard Business Review on the Business value of IT

THOUGHT FOR THE DAY

Computers

“The perfect computer has been developed. You just feed in your problems and they never come out again.”

- Al Goodman

TOPIC OF THE DAY

Measuring the value of IT

Organizations, small and large face the same dilemma- Scare resources.Choosing and deploying the right solution to maximize performance of an organization, to satisfy customer needs and to maintain a profit has never been so critical.....

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LATEST ARRIVALS

Harvard Business Review on the Business value of IT

THOUGHT FOR THE DAY

Finance

“Finance is the art of passing currency from hand to hand until it finally disappears.”

- Robert W. Sarnoff

TOPIC OF THE DAY

Financial Statement Analysis

Method used by interested parties such as investors, creditors, and management to evaluate the past, current, and projected conditions and performance of the firm. Ratio analysis is the most common form of financial analysis. It provides relative measures of the firm's conditions and performance. Horizontal Analysis and Vertical Analysis are also popular forms.

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LATEST ARRIVALS

Financial Statement Analysis (Paperback) by Gokul Sinha

THOUGHT FOR THE DAY

Social Networking

“Social Networking is the bane of a Society. It replaces human touch with the touch of a keyboard and replaces human-human friendship with human-machine-machine-human friendship. Instead of bringing us together, it splits us further.” - Lim Boon Chuan

TOPIC OF THE DAY

Social Commerce

Social commerce is a subset of electronic commerce that involves using social media, online media that supports social interaction and user contributions, to assist in the online buying and selling of products and services.

More succinctly, social commerce is the use of social media in the context of e-commerce.

The term social commerce was introduced by Yahoo! in November 2005 to describe a set of online collaborative shopping tools such as shared pick lists, user ratings and other user-generated content-sharing of online product information and advice.

The concept of social commerce was developed by David Biesel to denote user-generated advertorial content on e-commerce sites, and by Steve Rubel to include collaborative e-commerce tools that enable shoppers "to get advice from trusted individuals, find goods and services and then purchase them".

Today, the area of social commerce has been expanded to include the range of social media tools and content used in the context of e-commerce. Examples of social commerce include customer ratings and reviews, user recommendations and referrals, social shopping tools (sharing the act of shopping online), forums and communities, social media optimization, social applications and social advertising.

Some academics have sought to distinguish 'social commerce' from 'social shopping', referring to social commerce as collaborative networks of online vendors, and social shopping as collaborative activity of online shoppers.

Source: Wikipedia

THOUGHT FOR THE DAY

Finance

“Finance is a gun. Politics is knowing when to pull the trigger. ”

- Mario Puzo

TOPIC OF THE DAY

International Financial Reporting Standards

International Financial Reporting Standards (IFRS) are Standards, Interpretations and the Framework adopted by the International Accounting Standards Board (IASB).

Many of the standards forming part of IFRS are known by the older name of International Accounting Standards (IAS). IAS were issued between 1973 and 2001 by the Board of the International Accounting Standards Committee (IASC). On 1 April 2001, the new IASB took over from the IASC the responsibility for setting International Accounting Standards. During its first meeting the new Board adopted existing IAS and SICs. The IASB has continued to develop standards calling the new standards IFRS.

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LATEST ARRIVALS

WILEY 2010-11 INTERPRETATION AND APPLICATION OF IFRS: FOR INDIAN COMPANIES by BARRY J. EPSTEIN, EVA K. JERMAKOWICZ

THOUGHT FOR THE DAY

Ethics

“Winning is nice if you don't lose your integrity in the process.”

- Arnold Horshak

TOPIC OF THE DAY

Business ethics

Everyone knows right from wrong. Right? Wrong. People disagree about the definition of right and wrong all the time. That is why the topic of business ethics is currently front and center in the media and in office break rooms.

When daily, the next Enron, Arthur Andersen, or WorldCom story hits the wires, it's difficult to ignore business ethics as an issue. And, as our world becomes more complex, sometimes the right answer, the one that meets the needs of the most stakeholders: employees, customers, potential employees, shareholders, and board members, lies somewhere in the middle.

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LATEST ARRIVALS

Business Ethics and Corporate Social Responsibility By A B Kalkundrikar, Shailaja G Hiremath, Rohit R Mutkekar

THOUGHT FOR THE DAY

Game

“It's not so important who starts the game but who finishes it.”

- John Wooden

TOPIC OF THE DAY

Economic and Game Theory

What economists call game theory psychologists call the theory of social situations, which is an accurate description of what game theory is about. Although game theory is relevant to parlor games such as poker or bridge, most research in game theory focuses on how groups of people interact. There are two main branches of game theory: cooperative and noncooperative game theory. Noncooperative game theory deals largely with how intelligent individuals interact with one another in an effort to achieve their own goals. That is the branch of game theory I will discuss here.

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LATEST ARRIVALS

Business Ethics and Corporate Social Responsibility By A B Kalkundrikar, Shailaja G Hiremath, Rohit R Mutkekar

THOUGHT FOR THE DAY

Achievement

“Optimism is the faith that leads to achievement. Nothing can be done without hope and confidence.”

- Helen Keller

TOPIC OF THE DAY

Success Achievement Secrets

Human development involves expanding choices in life for people. This expansion takes place through their improved capabilities, which enable them to use their full potential to lead lives that are of value to them. As the first global Human Development Report published by the United Nations Development Programme (UNDP) put it, the real wealth of a nation is its people and the purpose of development is to create an enabling environment for people to enjoy long, healthy, productive and creative lives (UNDP, 1990). Viewed in this light, economic growth is essential but is not the goal in itself; instead, it is a means for achieving human development.

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LATEST ARRIVALS

Secrets of Super Achievers By Philip Baker

THOUGHT FOR THE DAY

Co-operation

“Leadership is based on inspiration, not domination; on cooperation, not intimidation.”

- William Arthur Ward

TOPIC OF THE DAY

Economic co-operation in South Asia

Human development involves expanding choices in life for people. This expansion takes place through their improved capabilities, which enable them to use their full potential to lead lives that are of value to them. As the first global Human Development Report published by the United Nations Development Programme (UNDP) put it, the real wealth of a nation is its people and the purpose of development is to create an enabling environment for people to enjoy long, healthy, productive and creative lives (UNDP, 1990). Viewed in this light, economic growth is essential but is not the goal in itself; instead, it is a means for achieving human development.

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LATEST ARRIVALS

Promoting Economic Cooperation in South Asia: Beyond SAFTA by Sadiq Ahmed and others

THOUGHT FOR THE DAY

Success

“Successful people ask better questions, and as a result, they get better answers.”

- Anthony Robbins

TOPIC OF THE DAY

Materials Management

Materials management is the branch of logistics that deals with the tangible components of a supply chain. Specifically, this covers the acquisition of spare parts and replacements, quality control of purchasing and ordering such parts, and the standards involved in ordering, shipping, and warehousing the said parts.

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LATEST ARRIVALS

The leader who had no title: a modern fable on real success in business and in life by Robin Sharma

THOUGHT FOR THE DAY

Brand

“A brand for a company is like a reputation for a person. You earn reputation by trying to do hard things well.”

- Jeff Bezos

TOPIC OF THE DAY

Interbrand Corporation

Interbrand started in 1974 when the world still thought of brands as just another word for logo.

We have changed the world’s view of branding and brand management by creating and managing brands as valuable business assets.

We now have nearly 40 offices and are the world’s largest brand consultancy.

We bring together a diverse range of insightful thinkers making our business both rigorously analytical and highly creative.

Interbrand has the broadest geographical presence – offering more people, more disciplines, and more knowledge tailored to our clients. Our work goes deeper and further.

We create and manage brand value by making the brand central to the business’s strategic aims. We’re not interested in simply being the world’s biggest brand consultancy. We want to be the most valued.

Click here to know more about Interbrand
Interbrand Best Gloabl Brands List 2009

THOUGHT FOR THE DAY

Success

“Successful people ask better questions, and as a result, they get better answers.”

- Anthony Robbins

TOPIC OF THE DAY

7 Habits of Business Success

The elusive dream of business success captures the imagination of aspiring and existing business owners everywhere. A vision of flowing profits, industry respect, thrilled customers, and a balanced life. This vision is only possible by developing habits that drive business success. Take the time to learn the 7 habits of business success.

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LATEST ARRIVALS

The leader who had no title: a modern fable on real success in business and in life by Robin Sharma

THOUGHT FOR THE DAY

Aim

“A perfection of means, and confusion of aims, seems to be our main problem.”

- Albert Einstein

TOPIC OF THE DAY

12 Breakthrough Ideas for the New Economy

1. Creativity Index: It was proved that every nation has it’s own creativity index – i.e. there are natural limits for creativity for every nation.

2. Monopoly on Creativity: What is nowadays’ key economic resource? It was proved that only creative people can “reach the moon” and make the company flourish.........

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LATEST ARRIVALS

Indian models of economy, business and management by P. Kanagasabapathi

THOUGHT FOR THE DAY

Leadership

"The task of the leader is to get his people from where they are to where they have not been." — Henry Kissinger

TOPIC OF THE DAY

King Akbar and his administration style

Jalaluddin Muhammad Akbar(23 November 1542 – 16 June 1605).

Babar and Humayun had no tried to change the prevailing administration and government style of ruling. It was only Akbar who established an efficient and strong administration. His administration was better than his predecessors. He not only adopted some rules of Sher Shah Suri’s administration but also reformed the prevalent system and also introduced some new rules and practices. His successors adopted his basic administration and policies and ruled successfully. In the early time of their rule Mughal rulers ruled according the Islamic Law like the Delhi Sultans. They ruled according to the wishes of the Muslims and guidelines of the Ulemas. But Akbar abolished this practice. In case of differences between the Ulemas and the Emperor, Akbar’s decision was...

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THOUGHT FOR THE DAY

Behaviour

“All the great writers root their characters in true human behaviour. ”

- Ben Kingsley

TOPIC OF THE DAY

Behaviour management

1. Structure and Routine – In order for children to organize and control their own behavior, they need models of how to do that. Providing a clear structure to the daily routine is one of the most important ways of teaching this simply concept that will actually help children control their own behavior.

2. Consistency – It is not so much what you do as long as you do it consistently. This is because behavior that has been corrected intermittently (e.g., some of the time but not all of the time) is the most difficult behavior to change........

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LATEST ARRIVALS

Political economy of poverty eradication in India and essays on fiscal reform by Raja J. Chelliah

THOUGHT FOR THE DAY

Work

“Follow effective action with quiet reflection. From the quiet reflection will come even more effective action. ”

- Peter Drucker

TOPIC OF THE DAY

Business Administration

Business administration is the process of managing every aspect of a business in order for it to maintain its growth or stability, depending on the overall goal of the owner or owners. Most companies have a dedicated group of administrators who work to ensure this takes place. Most also work to get to this point by setting up a hierarchy. This starts with lower management, and works its way through middle management to upper management.

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LATEST ARRIVALS

Think again: why good leaders make bad decisions and how to keep it from happening to you By Sydney Finkelstein, Jo Whitehead, Andrew Campbell

THOUGHT FOR THE DAY

Achievement

“Spectacular achievement is always preceded by unspectacular preparation.”

- Robert H. Schuller

TOPIC OF THE DAY

Environmental scanning

Environmental scanning is a process of gathering, analyzing, and dispensing information for tactical or strategic purposes. The environmental scanning process entails obtaining both factual and subjective information on the business environments in which a company is operating or considering entering.

There are three ways of scanning the business environment:

* Ad-hoc scanning - Short term, infrequent examinations usually initiated by a crisis
* Regular scanning - Studies done on a regular schedule (e.g. once a year)
* Continuous scanning (also called continuous learning) - continuous structured data collection and processing on a broad range of environmental factors


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LATEST ARRIVALS

Think again: why good leaders make bad decisions and how to keep it from happening to you By Sydney Finkelstein, Jo Whitehead, Andrew Campbell

THOUGHT FOR THE DAY

Sports

“Talent wins games, but teamwork and intelligence wins championships.”

- Michael Jordan

TOPIC OF THE DAY

FIFA World Cup

The FIFA World Cup, also called the Football World Cup or the Soccer World Cup, but usually referred to simply as the World Cup, is an international association football competition contested by the men's national teams of the members of Fédération Internationale de Football Association (FIFA), the sport's global governing body. The championship has been awarded every four years since the first tournament in 1930, except in 1942 and 1946 when it was not contested because of World War II.

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LATEST ARRIVALS

Think again: why good leaders make bad decisions and how to keep it from happening to you By Sydney Finkelstein, Jo Whitehead, Andrew Campbell

THOUGHT FOR THE DAY

Profit

“A man must be big enough to admit his mistakes, smart enough to profit from them, and strong enough to correct them. ”

- John C. Maxwell

TOPIC OF THE DAY

HOW TO KEEP SCORE IN BUSINESS

In business, the score is kept in dollars. The system of accounting provides the rules for keeping score. Some people don't understand keeping score in football. They get mixed up about touchdowns, safeties, field goals, and points after. And when there is talk of sacks, percentage completions, and yards per carry, they go blank.

A lot of people don't understand keeping score in business. They get mixed up about profits, assets, cash flow, and return on investment. Discounted cash flow, current ratio, and book value per share leave them blank.

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LATEST ARRIVALS

Data Driven: profiting from your most important business asset by Thomas C. Redman

THOUGHT FOR THE DAY

Peace

“The real and lasting victories are those of peace, and not of war. ”

- Ralph Waldo Emerson

TOPIC OF THE DAY

Emotional intelligence

Many people do not yet grasp the concept of emotional intelligence. It is because of this fact that people tend to forget to practice and enhance it.

It is not only your intelligence quotient that makes the world go round. Attaining the right emotional intelligence will help you remain standing strong even when the world keeps going around you. So what is emotional intelligence? Emotional intelligence is the ability to better attune yourself with your feelings. Many people do not have emotional intelligence because they have a difficulty expressing what they feel or understanding their feelings in the first place.

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LATEST ARRIVALS

Think again: why good leaders make bad decisions and how to keep it from happening to you By Sydney Finkelstein, Jo Whitehead, Andrew Campbell

THOUGHT FOR THE DAY

Capital

“Capital as such is not evil; it is its wrong use that is evil. Capital in some form or other will always be needed. ”

- Mohandas Gandhi

TOPIC OF THE DAY

Capital Budgeting

A capital expenditure is an outlay of cash for a project that is expected to produce a cash inflow over a period of time exceeding one year. Examples of projects include investments in property, plant, and equipment, research and development projects, large advertising campaigns, or any other project that requires a capital expenditure and generates a future cash flow.

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LATEST ARRIVALS

Think again: why good leaders make bad decisions and how to keep it from happening to you By Sydney Finkelstein, Jo Whitehead, Andrew Campbell

THOUGHT FOR THE DAY

Money

“The safe way to double your money is to fold it over once and put it in your pocket.”

- Frank Hubbard

TOPIC OF THE DAY

Indian Accounting Standards

Accounting is the art of recording transactions in the best manner possible, so as to enable the reader to arrive at judgments/come to conclusions, and in this regard it is utmost necessary that there are set guidelines. These guidelines are generally called accounting policies. The intricacies of accounting policies permitted Companies to alter their accounting principles for their benefit. This made it impossible to make comparisons. In order to avoid the above and to have a harmonised accounting principle, Standards needed to be set by recognized accounting bodies. This paved the way for Accounting Standards to come into existence.

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LATEST ARRIVALS

Think again: why good leaders make bad decisions and how to keep it from happening to you By Sydney Finkelstein, Jo Whitehead, Andrew Campbell

THOUGHT FOR THE DAY

Nature

“Do not go where the path may lead, go instead where there is no path and leave a trail.”

- Ralph Waldo Emerson

TOPIC OF THE DAY

Green logistics

Green logistics is a form of logistics which is calculated to be environmentally and often socially friendly in addition to economically functional. As early as the 1980s, several companies were concerned with developing green logistics, and interest in the concept soared with increased consumer concerns about how products were manufactured and delivered in the early 21st century.

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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

Business

“To open a shop is easy, to keep it open is an art.”

- Chinese Proverb

TOPIC OF THE DAY

Business model

To extract value from an innovation, a start-up (or any firm for that matter) needs an appropriate business model. Business models convert new technology to economic value.

For some start-ups, familiar business models cannot be applied, so a new model must be devised. Not only is the business model important, in some cases the innovation rests not in the product or service but in the business model itself.
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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

Life

“Without some goal and some effort to reach it, no one can live.”

- Fyodor Dostoyevsky

TOPIC OF THE DAY

Winning

Winning in life is everybody's goal. One way or another, we want to succeed. We want to have that beautiful house and lot. We want to have a job that not only pays well, but also provides us with opportunities to grow. We want to have wonderful meaningful relationships with people. At the end of the tunnel, we want to be able to say that we did good.

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LATEST ARRIVALS

Ethics in management: insights from ancient Indian wisdom by Swami Anubhavananda and Arya Kumar

THOUGHT FOR THE DAY

Ethics

“Men are more often bribed by their loyalties and ambitions than by money.”

- Robert H. Jackson

TOPIC OF THE DAY

Self Management

The supposition is that high brainpower is a protection against low stupidity. In harsh fact, the brighter they are, the further they fall. Very clever people are all too often very arrogant – and arrogance is one of the last attributes that people of power can afford to let rip. Yet many, if not most, do precisely that.

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LATEST ARRIVALS

Ethics in management: insights from ancient Indian wisdom by Swami Anubhavananda and Arya Kumar

THOUGHT FOR THE DAY

General Motors
“General Motors has no bad years, only good years and better years.”
- Harlow H. Curtice

TOPIC OF THE DAY

General Motors (GM)
General Motors, one of the world's largest automakers, traces its roots back to 1908, with its establishment on June 1. With its global headquarters in Detroit, GM employs 204,000 people in every major region of the world and does business in some 140 countries. GM and its strategic partners produce cars and trucks in 34 countries, and sell and service these vehicles through the following brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, Opel, Vauxhall and Wuling. GM's largest national market is the United States, followed by China, Brazil, Germany, the United Kingdom, Canada, and Italy. GM's OnStar subsidiary is the industry leader in vehicle safety, security and information services. General Motors acquired operations from ... Read on.....

LATEST ARRIVALS
Billy, Alfred, and General Motors: The Story of Two Unique Men, a Legendary Company, and a Remarkable Time in American History