1. Leaders speech: After fai...

Jim Kramer tentatively stepped out of his vehicle.  It feels strange being alone in an empty parking lot, no honking horns, and no scurrying mass of humanity rushing to beat the clock. The sun has just barely made his royal presence...

2. Teachers as Leaders ̵...

We all face this challenge one day or other – schools not only help our kids aspirations but they have considerable impact on the housing market as well. The following conversation shows how three teachers are taking the research pointers...

3. Less or More -Understand ...

Bill looked around the table at the other officers of Whole Foods who had arrived for the meeting he chaired as VP of Sales. Paul, as Brand Manager, was bubbling and raring to go as usual. His eyes quickly travelled to Scott the sedate...

4. “Does IT Matter” – It doe...

In May 2003, Harvard Business Review published an article of Mr. Nicholas G. Carr “IT Doesn’t Matter” wherein he disputes the critical importance conferred upon information technology, which he believes is now fast becoming...

5. Essence of Motivation ...

What moves you… what drives you to take a certain path or do an action in a certain way?  Your motivation can carry you through some tough ethical and moral dilemmas or pull you down in a cesspool of guilt trip for as long as you live. ...

Financial Accounting & Reporting

CPA FAR EXAM REVIEW MCQ AND SIMULATION   These Simulations are not the run of the mill questions. Do these questions many times before going for the exam. Government Accounting – 1...

Hospital Accounting – An Accountants perspective

The following article shows the tip of the iceberg of hospital accounting. I have assumed some aspects to make it easier to elaborate on some topics. In real world some of these aspects explained...

Import Export business – Case Study

The client is a reputed clearing and forwarding agency providing shipment and storage solutions to importers and exporters. The company procures requirements from its customers and then schedules...

Insurance Company – Case study

An auto insurance service provider incurred losses to the tune of $25 million this year. Last year the profits were recorded at $50 million. The company has hired you as the consultant to identify...

Income Statement & Balance Sheet in...

Some Important metrics/key figures to ask or know : Electricity production External electricity sales volume External gas sales volume External revenue EBITDA Operating result Income before tax Net...

Balance Sheet and Income Statement Compa...

Birds eye-view of the Balance Sheet and Income statement. Please remember its very high level comparison.   Balance Sheet and Income Statement Comparison Manufacturing Financial Services Assets Cash Cash...

County Services – Case Study

You are hired as a Management Consultant from McKinsey with some recognition among prestigious accounting and costing circles. Here is the run down of the case….. Union County serves a populace of...

Treasury: Basel/Cash flows/Credit Rating...

Continuing from previous Treasury Article ……. 1.4   Cash flows from Operating, Investing and Financial Activities Traditional methods of cash flow analysis with emphasis on net earnings and net...

Treasury Management: Liquidity, Funding,...

The central management of funding, liquidity, capital and foreign exchange exposures in a global operations bank come under the preview of its Treasury.  These activities are overseen by a Capital Allocation...

Programming Models in Sales force

 Sonia Marciano makes a very forceful comment on selling a product or service. This would apply even to commodities if you can elevate the spirit in some way; how about guaranteeing the delivery time, giving...

Healthcare Guidelines & Marketing P...

Healthcare service development covers the deployment of innovative technologies, newer services and even different organisational models. Traditionally, these have been done by a top-down process by forcing...

Risk and Funds Transfer Pricing

Assuming the risk measures to be adopted are specified, how would you proceed to allocate them to different department of the Organization? A Bank may pursue an income rate risk strategy of organizing its...

Risk Measurement – Traditional Ban...

What should be the basis of measurement? Should we base it on the volatility of the mark-to-market value of a given portfolio, or else in terms of net income volatility? Before we try to answer the question...

Funds Transfer Pricing in a Financial In...

Before we launch into the heart of the current topic involving usage of Funds Transfer Pricing, let me take you through a very brief introduction.  Figure 1 below depicts one of the simplest forms of a...

Strategic Marketing: Pricing/Positioning...

In the last article we saw how to use Competition/Partnerships/Distribution. In this article we will explore Pricing, Positioning and Business Model. 4. Pricing Price is the most important tool of the...

Strategic Marketing: Competition/Partner...

When I sit down with the small business owners and evaluate their business plans, the marketing plans are based on cookie cutter approach. Their focus is heavy on profits but light on “strategic...

Innovation and Inertia

Innovate or else become extinct  The modern era is an exciting period as respected companies bite the dust and new names become household terms. It is a time of Darwin’s survival of the fittest. It is a time...

Product Profitability – ABM/ABC &#...

A flow diagram on how we arrived at product cost using...

Product Profitability – ABM/ABC &#...

Step-7: Calculate rate per unit of cost driver   The rate per unit of cost driver can be calculated using the following formula: Cost of Activities (step 5)/ Volume of activities (Step 6)    ...

Product Profitability – ABM/ABC &#...

Step-5: Allocate/assign support activities costs to operating activities   The support activity costs need to be allocated to operating activities. And later the total cost of operating activities) will...

Product Profitability in Pharma Industry...

This article is based on logic that goes behind the product profitability using activity based management/costing in a manufacturing plant that makes medicines. R&D costs will not be shown since this...

Banking – Challenges with Deposit ...

It is customary for financial organizations / banks to indulge in a little window shopping on a weekly basis by calling or surfing the websites of their close competitors to get at the current rates being...

Banking Risks – An overview and in...

A bank uses its customers’ funds to earn a profit for itself by advancing, loaning monies for varying purposes to individuals, organizations, corporations etc. It may also invest in securities, bonds,...

Asset Liability Management – The o...

Definition of ALM Asset and Liability Management (ALM) is a process of managing an organization’s assets and liabilities with the objective of earning an adequate return on capital employed. First, since ALM...

Pricing products and services – Pa...

One of the most critical challenges for any company is its understanding of customer preferences in order to choose the right price for its goods or services. However, deciding the ‘Willingness To Pay’ (WTP)...

Energy Sector: Cost Allocation Methodolo...

  In this article we will see how cost allocations are done in a Energy sector. Primal Energy is an energy corporation with its chief operations – retailing and bulk distribution of electrical energy...

The Procure-to-Pay Cycle (P2P)

The Procure-to-Pay Cycle is at the core of the activities of an organization. This cycle pertains to the procuring of goods so the organization can manufacture and deliver on time. The cycle typically starts...

Medici Effect – The demand for Man...

Around the turn of the fourteenth century, the Medici family in Florence, Italy, were rich patrons of a heterogeneous collection of different artists such as poets, sculptors and painters as well as...

Data – The new chapter that will b...

Imagine a scenario where each of one’s customers constantly “broadcast-ed” his or her needs, personal likes and dislikes as well as those of their friends and peers, and even the intent to purchase something...

Innovation framework – The abstrac...

It was the last day of the annual conference of B&M International. All the general managers and heads of all the departments were present. The previous two days each department had reviewed their...

New York Yankees – Leadership Less...

Three important lessons for IT Managers It was the monthly Friday Night bash at the 9thCloud Pub on 36th Street and most of the managers from DMRGlobal were present ,particularly the baseball fanatics.  The...

Managers – Break defenses and fire...

There was a subdued murmur around the huge room. The entire staff of Hotel Green Acres was gathered in the hotel’s main ballroom.  Occupancy had been down and was reducing steadily for the previous four...

Activity Based Costing in Healthcare Ind...

Activity-Based Costing in Cardiology Department In the last article we saw how to calculate the cost per patient. Here we are looking at how to calculate the cost of a major disease category – a more...

Activity Based Management in Healthcare ...

The hospital’s goal is to deliver high quality care at low cost; and that’s where Activity Based Costing helps in getting the visibility into the costs.  This article is based on a simplistic approach...

What Managers can learn from Captain Dav...

The following thoughts are based on the real life story of Capt David Marquet on his assignment for Santa Fe. The principles are apt for managing IT  knowledge workers ; try them in real life and see the...

Performance Management Program:Healthcar...

We see a compelling need for all business entities from sole enterprises to large corporate bodies to have a tight hold on their performance in order to maximize profitability and achieve social goals. The...

Data Scientists -Thought Patterns

This article is based on the concepts explored by Daniel Kahneman, a psychologist and a Nobel Prize winner in economics. I took them and applied to data science. Before we start understanding data, lets try...

The “minute” Manager

Concept of One-Minute Manager The One Minute Manager is a leader who gets things done successfully with real and lasting benefits by expending the least amount of time and effort. One minute managers can...

Sustaining employee motivation during to...

Motivation – Sustaining it – through a Leader’s Lens For motivation to be sustainable in the long run, it should spring from within each member of an organization or a team. Motivation is manageable. It...

Playing it safe vs taking risks – ...

The quality of life and many of the comforts we enjoy today could not have been achieved if not for some leaders who dared to challenge the unknown, experiment and innovate by working passionately to do...

Ego & humility – which one tr...

Leaders are egoistic by nature. Where humility exists in a leader, it is not solely due to good education or exposure to good culture, but more due to necessity, and/or compulsion. In Organizing Genius,...

Motivation

Motivation – Sustaining it – through a Leader’s Lens For motivation to be sustainable in the long run, it should spring from within each member of an organization or a team. Motivation is manageable. It...

Strategy – Part 1

Gary Hamel, C. K. Prahalad, Michael Porter and Renee Mauborgne count among the most pre-eminent gurus who have revolutionized management practices around the world through their perceptions of researches...

Optimism

Optimism is a way of thinking and is closely related to positive thinking. Law of Attraction also states that what you get is what you ask for. Despite its studied and proven advantages over pessimism, one...

How to connect with people

HOW TO CONNECT WITH PEOPLE No person is an island. We need to be connecting with various people all the time in our personal as well as official lives. There is no such thing as the right people to connect...

Decisions based on intuition and instinc...

Business is going through an era of advanced scientific and information technology incorporating huge databases, complex spreadsheets with charts depicting trend lines, optimum values, failure and tolerance...

Failures – Through the leader’s lens

All the conveniences we enjoy today through inventions and innovations are mostly the results of resilience in the face of insurmountable odds, repeated failures and setbacks. Every failure is another...

Leadership in the current economy –...

About the Author: Max Catanese is the CEO of Almax Mannequins and an HBS alumni. Almax has mannequins with exclusive positions, faces or finishing’s that have been specially manufactured for international...

The Art of Articulation – A broade...

Articulation by definition refers to acts of joining together or being joined together. However, in the present global context, it is something very much more far-reaching and phenomenal. You can articulate a...

Cloud Computing – What it means to...

Cloud computing is a relatively new trend in the market in which companies make use of third party service providers to carry out their computing needs from publicly available internet protocol addresses....

HOW TO CREATE AMBIENCE FOR INNOVATION IN...

HOW TO CREATE AMBIENCE FOR INNOVATION IN AN ORGANIZATION Can creativity and innovation be developed, or is it inherent in man? Galileo said, “You cannot teach a man anything; you can only help him find it...

Innovation & Critical Thinking in O...

Innovation/Critical Thinking in Organizations Before we embark on a discussion on this subject, let’s first try to discern between innovation and creativity. In the words of Einstein, “Creativity is seeing...

Causes of Unsuccessful BI implementation...

Continued from Part 1…… Non-access to Actual Users: You should have continuous contact with the main users of your application. Keep in mind that they are the business analysts of your...

Why Business/Competitive Intelligence He...

BI or Business Intelligence is a highly significant driving force behind the success of any business enterprise. It’s a culmination of the efficiency of people and processes for identification, compilation,...

Managing Revenue

Large organizations as well as the smallest business entities have their own business models and budgetary plans for generating revenue and profits. Here, we will be looking in more detail at some key aspects...

Managing Capital

People invest in company shares (or purchase equity) mainly for two purposes: For its Dividend Yield in earning a steady or growing return on investment (as dividends) and/or for its Capital Yield in seeing...

Borrowing for Leverage

Borrowing is justified for leveraging operations of a business entity. There is a cost attached to borrowing, which needs to be kept at a minimum if a loan is to be meaningful and profitable to an...

Managing Prepaid Expenses

Prepaid Expenses Avoiding prepaid expenses can help you in enhancing and maintaining a favorable cash flow. Prepayments generally occur when the period for which a certain payment is made, wholly or partly...

Managing Fixed Assets

Every business needs to have some form of fixed assets to different extents. It would be at peak especially in the organizations in the transportation and manufacturing sectors. Acquisition of fixed assets is...

Managing Accounts Payable & Accrued...

The fact that accounts payable represent outgoings generally regarded as disadvantageous. This does not imply that it need not receive an organization’s attention as much as accounts receivable. A properly...

Accounts Receivable:Use Collection Agenc...

When a creditor organization exhausts all the normal avenues open to it for collection of a debt that has fallen long overdue with no prospects of any further recovery freely and economically, the time is...

Causes of Unsuccessful BI Implementation...

The success of a program of BI implementation within an organizations depends on how well coordinated the entire effort is with regard to how people react to and interact with all the technology, processes...

Real life experience: Entering Colombian...

About the Author: Antonio is Director de Gestión (Managing Director) of Grupo SM Colombia. He had to envision the company as a whole: designing, developing and implementing a strategic plan in the most cost...

Leading Change – Lessons from real...

Leaders need to be continuously awake to an ever present need for change, and providing leadership to change – whether it is to make certain adjustment in the image an organization presents to the outside...

Leadership Styles are Shifting…..

[youtube]http://www.youtube.com/watch?v=5THbeN10ZQk[/youtube] A Comparison of Leadership Concepts  impacting the styles – Then and Now. Old School Style New School Style Rewards for Individual Performances....

Observation

http://www.youtube.com/watch?v=2pK0BQ9CUHk WATCH THE VIDEO FIRST! From past experiences of your company’s ( or perhaps your personal life) success, you already have a pre-defined concept of how success comes....

Obedience to Authority

[youtube]http://www.youtube.com/watch?v=BcvSNg0HZwk[/youtube] [youtube]http://www.youtube.com/watch?v=IzTuz0mNlwU[/youtube] [youtube]http://www.youtube.com/watch?v=CmFCoo-cU3Y[/youtube] Stanley Milgram,...

Achieving the Impossible? The Erik Weihe...

Blind but climbed mount Everest!

Financial Accounting & Reporting