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Opportunities for finance professionals can be found in public, private, and non-profit organisations. Some of the areas where finance professionals have excellent scope are Commercial Banking: With burgeoning incomes and deregulation of the banking sector, there are
a large number of banks offering a wide range of services to consumers.A career in banking offers opportunities in [...]
Most commerce students tend to confuse the functional area of finance with accountancy. That is not the case. Both these areas are independent
of each other. The finance function broadly deals with planning for capital and raising it, allocating of capital within and outside the organisation
for maximum return on investment, budgeting, and tax planning. On the [...]
The advent of liberalisation in India has seen the influx of several multinational companies setting up operations here. Several others have formed strategic alliances with their Indian partners either by way of investment or joint ventures. Successive Indian governments have lowered quota systems / trade barriers and restricted their involvement to only the core sectors [...]
Many students believe that only those who come from an Engineering background or have prior exposure to programming, can specialise in Systems Management, which certainly is not the case. What students need is to have clarity on the kind of career path they would like to pursue and the skill sets they would need to [...]
The major principles / concepts covered in any course that aims at making an operations manager out of you would be: Principles of Managerial Economics and Accounting, Statistics,Operations Planning and Control, Operations Strategy, and application of Information Technology. Besides these core concepts, a considerable exposure to all other areas of management as Human Resources, Finance, [...]
Before starting with the basics here is an example of Operations Management :
Travel agent: “I can get you three days and two nights in Rome for a hundred bucks.”Customer: “How come so cheap?”Travel Agent: “The days are July 11, 12 and 13.The nights are July 21 and 22.”If you are wondering what the travel [...]
TQM, JIT, BPR, SCM, SAP, and ERP are all terms that most of you would have come across in several business related articles in newspapers and magazines. You would have also figured out that these are Ops (Operations Management) jargon. But what do they really mean, and what is Operations Management in the first place?
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In my last article Marketing Basics, i gave a brief introduction on marketing management. Quite often we come across students who want to do an MBA to enhance their skills but aren’t aware of the specialization or the job which they would like to pursue after an MBA. This is because in India College matters [...]
Marketing Management is one of the oldest forms of management, talking in crude terms we can say if one knows How to sell you can own a business and therefore a manager.
The functional area of Marketing involves the concept development and delivery of a quality product / service to cater to the emerging / existing [...]