Do firms really act or should solely act to further shareholders welfare?

Do firms really act or should solely act to further shareholders welfare? Firms may follow or have to follow several other aims. Business firms seek out to achieve a high rate of growth, enjoy a considerable market share, achieve product and technological leadership, encourage employee welfare, additionally customer satisfaction, support education and research, progress community [...]

Maximization of the wealth of equity shareholders

Are there other aims, besides the aim or maximum shareholders wealth, expressing the shareholders viewpoint? Several alternatives have been suggested for this, such as maximization of profit, maximization of earnings per share, maximization of equity which is defined as equity earnings/ net worth. Maximization of profit is not as all-encompassing a goal as maximization of shareholder wealth. [...]

What are the objectives of capital budgeting?

What are the objectives of capital budgeting? Financial theory, in general, rests on the principle that the aim financial management should be to make the most of the present wealth of the firm’s equity shareholders. For a firm whose equity shares are dynamically traded on the stock market, the assets of the equity shareholders is replicated [...]

What is Ecological Analysis ?

What is Ecological Analysis ? In recent years, environmental concerns have assumed a great deal of importance – and rightly so. Ecological analysis should be done particularly for major projects which have significant ecological inference like plants and irrigation schemes, and environmental – polluting industries like bulk drugs, chemicals and leather processing. The key questions raised [...]

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Basics of Project Management

What are the key considerations involved in a project ?

What are the key considerations involved in a project ? What is the cost? What time be required? What technical performance capability be provided? How will the project result fit into the design and execution of organizational strategies? These questions need to be answered on an ongoing basis for each project.

Basics of Project Management

What is the need of Project Management ?

What is the need of Project Management? The task of management is eased when work is set up in projects as follows: Assignment of duties is always sharpened The control being simplified The men who does the work can sense the accomplishment The results that the management of project produces, take the form of a [...]

Basics of Project Management

What are the features of a project?

What are the features of a project? A distinct mission, that is a unique one It has a clear termination point It can be a part of a broader program The chief virtue of a project is in identifying a nice, tidy work package within a bewildering array of objectives, alternatives and activities. It can [...]

Basics of Project Management

Definition of a Project

Definition of Project Project can be defined as a temporary endeavor to create a unique product or service. Newman et al. defined a project and described its value as simply a that cluster of activities that is relatively separate and clear cut. Its examples are designing a new package, building a plant etc. It can [...]

Basics of Project Management

What is a Project ?

What is a Project? Organizations perform different work. These works consist of operations or projects though some work may overlap. Similarity between operation and project are: They are performed by people Only limited resources They are planned, executed and controlled Difference between operations and projects are Operations can be repetitive, meaning they are not unique [...]

Change Management

Introduction to the discipline of change management tutorial Book

This book is a solid, research-based introduction to the discipline of change management, and a primer to catalyze change leadership and competency in managers and executives. Change Management is a practical look at what it means to manage the people side of change, and gives the reader insight into best practices in this area. View [...]

Change Management

Project Manager’s Spotlight on Change Management Tutorial book

Part of the new Project Manager’s Spotlight series from Sybex, this practical book was created for project managers, team leaders, and team members who seek fast and effective solutions to change management. It highlights the critical components of change management and offers clear and concise coverage that is highly accessible and applicable. By shining the [...]

Change Management

The New Project Management: Tools for an Age of Rapid Change, Complexity, and Other Business Realities Tutorial guide Book

Contents of this The New Project Management: Tools for an Age of Rapid Change, Complexity, and Other Business Realities Tutorial guide Book 1. The New Business Environment and the Need for a New Project Management. Part One: Managing in the New Business Environment. 2. Managing Complexity: Techniques for Fashioning Order out of Chaos. 3. Engaging [...]

Change Management

Project Change Management Tutorial Book

Organizational Change Management covers one of the most important, yet least understood, keys to a successful improvement process. It presents insights into Ernst & Young’s field-tested formal and systematic approaches to analyze, evaluate, and effectively motivate employees to accept change as a challenge rather than a threat. A multimedia CD-ROM is filled with case studies, [...]

IT Project Management

How to Cheat at IT Project Management – Tutorial Book

This book is written with the IT professional in mind. It provides a clear, concise system for managing IT projects, regardless of the size or complexity of the project. It avoids the jargon and complexity of traditional project management (PM) books. Instead, it provides a unique approach to IT project management, combining strategic business concepts [...]

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