All Articles

Technology Cycles and Innovation

Technology cycles and innovation are two useful phenomena that can be used to explain how competitive advantage of companies can be maintained over time. Technology cycle can be defined as the period of time between the birth or introduction of a new technology and when it is replaced by a newer and substantially better technology….

All Articles

Costs and Benefits of Planning

Planning has advantages as well as disadvantages. This means that even though planning aids in improving organizational and individual performance, it might not work very well all the time throughout the existence of the organization. One important benefit of planning is that it encourages managers and workers to direct their persistent efforts towards activities that…

All Articles

“Cognitive Dissonance” and how to ease it

Cognitive dissonance is an insecure feeling, or lingering doubts, consumers sometimes have after making large purchases. One way to reduce Cognitive dissonance (CD) is to introduce full money back guarantee on dissatisfaction within a stated time period, say 2-3 weeks after purchase. Another way to reduce CD is by allowing product evaluations where the user…

All Articles

Market segmentation

Market segmentation is the process of separating the varied market into segments, each of which has similar characteristics. For example, a cosmetic company may segment its market according to age and sex, thus concentrating on baby lotion (age), adult shampoo (age), after-shave (sex) and eye-liner (sex). The organization could then do research in each segment…

All Articles

Accounting Vs Financial Management

Accounting can be considered as an information system that provides various tools to summarize financial performance or economic activities of an individual, family, organization or any other entity. The reports generated from an accounting system, aids the interested individuals, management, owners and creditors to make intelligent decisions in allocating resources. Financial management is the discipline…

All Articles

Process Control and Process Improvement

Process Management has its relevance when managers begin to conceptualize business activities as interdependent processes instead of functions and tasks. The basic requirement towards effective process management is IT enabled business process automation, usually an outcome of a reengineering task. For the processes to accomplish the set goals, we need to set various standards of…

All Articles

Adopting "Systems View" while Process Improvement

Systems view refers to analyzing a problem situation as a system of interdependent processes that exchange input and output. This view helps to identify the important processes and their relationships as far as maximizing the organizational efficiency and goal achievement is concerned. This leads to the main principle of process improvement which is to emphasize…

All Articles

Different kinds of diversity in organizational settings

Two major types of diversities is notable in an organizational setting, which every IT manager should take into consideration – Surface level diversity are those differences that are easily noticeable such as age, gender, ethnicity/race, culture, language, disability etc. Surface level diversity is easy to be measured and managers/recruiters can fall into the wrong practice…

All Articles

Working as team, not always good in an organization

Working in teams does not always ensure positive results. Two possible disadvantages are large number of employees quitting the job and “Social Loafing”. Teams require extensive learning of standard team policies and work procedures and adherence to specific individual responsibilities. This might lead to excessive team pressure when much is expected from each team member….

All Articles

Managers and their focus on diverse work force

Managing diverse workforce is a crucial skill for a manager since there exists both surface level (demographic, cultural and language) and deep level (personal differences in attitudes, values, beliefs and personality) diversity among an organization’s workforce. A diverse workforce has various advantages attached to it such as cost benefits by saving dollars spent on expensive…