There are number of ways for internationalization / globalization of business. these are referred as foreign market entry strategies. Each of these ways has certain advantages and disadvantages. One strategy for a particular business may not be very suitable for another business with different environment. Therefore it is quite common that a company employs different…
Year: 2011
Problems in International Business
There are many Problems in International Business. The restraining forces slow down the progress of companies that take up International Business. The restraining forces are : First Main Problem in International Business is Culture: The culture of the nation and the companies should have an international vision. The long term perspective of companies should be…
Main Difference Between Domestic and International Business
Main Difference Between Domestic and international Business are as follows : S.No International Business Domestic Business 1. It is extension of Domestic Business and Marketing Principles remain same. The Domestic Business Follow the marketing Principles 2. Difference is customs, cultural factors No such difference. In a large countries languages likeIndia, we have many languages….
International Business
The Technology era since the last two decades is bringing a fundamental shift in business around the globe. The national economies are opening up and allowing cross border trade and investments. Technologies are helping to reduce distances and improve business. Business is a medium of growth for any country. When a business grows internationally country’s…
Scope of Employee Welfare
The scope of employee Welfare cannot be limited, since it differs according to social customs and the degree of industrialization indifferent countries and at different times. They have to be elastic and flexible enough to suit the conditions of the workers, and to include all the essential prerequisites of life and the minimum basic amenities….
Objectives of Employee Welfare
Labour Welfare aims at the whole development of the person of the working class. The Labour Welfare Policies of any organization should keep in mind the following objectives: To increase the standard of living of the. Working class: The labourer is more prone to exploitation from the capitalists if there is no standardized way of…
Non Statutory Welfare Schemes
Many Non statutory welfare schemes may include the following schemes: Personal Health Care (Regular medical check-ups): Many businesses have facilities for comprehensive safety inspections Flexi-time: The primary purpose of the flextime program is to provide workers with the ability to work with flexible work schedules. Flexible work schedules are developed by employees and accepted by…
Statutory Welfare Schemes
The statutory welfare schemes include the following provisions: Drinking Water: At all the working places safe hygienic drinking water should be provided. Facilities for sitting: In every organization, especially factories, suitable seating arrangements are to be provided. First aid appliances: First aid appliances are to be provided and should be readily assessable so that in…
Employee Welfare – Its Benefits and Principles
The Employee Welfare describes “efforts to provide good work-life at the workplace” “Employee welfare is a descriptive concept that encompasses different programs, incentives, and facilities that workers & employers are provided. The employer makes life worth living for workers through such generous fringe benefits. Welfare includes all that is done to ensure employee comfort and…
Human Resource Management
This article is on HRM or Human Resource Management in an Organization. Employees are the organization’s main assets. HRM or Human Resource Management focuses on hiring, training, managing, analyzing performance appraisal, dispute settlement or grievance handling, and giving direction to the employees of the organization. Human Resource Management role is to tackle grievances related to…