OECD Principles of Corporate governance

The OECD Principles of Corporate governance were originally developed in 1999, with an update coming in 2004 and another revision at the meeting of the G20 Finance Ministers and Governors of Central Banks in Ankara on 4-5 September 2015. In his address, the OECD Secretary General noted that: Good corporate governance is not an end … Read more

Reflective essay: Leading, managing and developing people

REFLECTIVE ESSAY Introduction In this reflective writing, I am, going to reflect on my residential experience. This was an assignment for MBA Leading, Managing and Developing People module where students were taken to Lake District Windermere. The trip involved a lot of activities which made me feel so excited on the days ahead. Moreover, since … Read more

The importance of strategic management (Private Railway Industry, EU)

Introduction The importance of Strategic Management in today’s business environment is an issue that can hardly be contested as it offers continuous direction and makes sure that the company stays permanently on the right track which leads to the achievement of its long term goals and objectives. For my graduation thesis, I have come up … Read more

Human Resource Management: Policies and Procedures

Introduction Variations in human resource management (HRM) policy and practices are discussed in the context of understanding why such differences exist within different organisations, and what the driving influences are behind any differences. Definitions Human resource management (HRM) policies are continuing guidelines on the approach an organisation intends to adopt in managing its employees. They … Read more

The significance of corporate governance

INTRODUCTION The corporate governance discourse has attracted global interest. At the onset, the focus was naturally on the highly developed countries, having witnessed the collapse of giant corporations such as Enron, WorldCom Inc., Aldephia, but a few (Jones & Pollitt 2003). More recently, due to its apparent significance to an organization’s strategic strength and national … Read more

Human Resource Management (HRM) – does it ensure equality and diversity objectives?

Human Resource Management (HRM) holds the most responsibility in ensuring equality and diversity objectives are achieved in the workplace. Diversity objectives are aimed at integrating different characteristics – such as, gender, race and age – into the organisation (Geber, 1992; Noon and Ogbonna, 2001). Equality objectives are to avoid discrimination and to treat all the … Read more

Management accounting

Management accounting is those areas of accounting concerned with financial planning, principally through the interpretation and use of financial data for important management of the business. The role of accounting is to provide relevant information, which will assist management with decision-making, planning economic performance, controlling costs and improving profitability. However, note that the information generated … Read more

Reengineering and total quality management (TQM)

“Reengineering and Total Quality Management (TQM) are neither identical nor in conflict; they are complimentary” (Hammer ” Champy 239). While Reengineering and Total Quality Management focus on processes, customers and higher efficiency, there are also differences between them. Reengineering moves a company where they need to be very quickly usually by radical change, whereas TQM … Read more

General administration theory in modern-day management

Introduction General administration theory in the modern-day management accounts for most of human action as action can be classified into creative and habitual action. Administrative action could be usefully viewed as a subclass of habitual action (Robbins and Coulter, 2007). Administrative thoughts are taken as activity that is viewed for perception of the kind of … Read more

The importance of human resources management (HRM)

Introduction Organizations are made of among others, human resources (HR) which is the most valuable asset in today’s dynamic world. Indeed, it is people and not organizations that constitute an organization. Achievement of organization’s objectives depends on the individually and collective efforts put in by its work force. Human resources management (HRM) may be defined … Read more

Recruitment and Selection and Training

Essence to Employees and to the Organization Recruitment and selection as well as training are processes that bring together organizations and human resources. Recruitment and selection in particular, provide the window through which organizations gain access to willing and able human resources, the same way as job applicants gain access to the organizations of their … Read more

Strategic management: Singapore Airlines

1.0 LITERATURE REVIEW 1.1 PEST Analysis PEST analysis is use extensively to organize the result of environmental scanning. The theory is believed to be originated in the 1980s with various author included variations of the taxonomy classifications in a variety of orders: PEST, PESTLE, STEEPLE etc [Morrison, 2009]. PEST stands for Political, Economic, Social and … Read more

Restaurant Service Process Flow

Process maps provide an overview of the sequence of all process activities and tasks involved in the creation of a product or in the delivery of a service (Heinrich, Henneberger, Leist and Zellner 2009). For managers and decision-makers, process maps provide a way for analyzing and assessing the service delivery process (Kubiak 2007). In relation, … Read more