Frugal Innovations : A Future Economic Driver

A FRUGAL PRINCIPLE is an asset of Future Economy Being Frugal to Lead the Business Frugal, A word that buzz in minds of creators, innovators, leaders and writers. The principle of Frugal works on “Do More  and Better with Less”, in order to interpret correctly the Frugal Innovation is stated as growth strategy that enables companies to develop high-quality products and create more business and social value assets while minimizing the use of vital resources…

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Sustainability & Social Audit Perspective

Sustainable approach is needed towards Economic, Social and Equal Justice to Auditing Sustainability auditing and reporting are used to evaluate the sustainable performance of organization, company and policy. They are inherently prime practice to be enact in the evaluation process for transparent and unbiased result oriented framework. It examines the process,measure and report social and ethical performance of entity. It encompass by various parameter like charitable work,volunteering activities,energy usage,transparency,work environment, worker pay and benefits to…

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Business Outlook :In Gulf & MENA Regions

Expanding a Business in Gulf embodies at center of World Trade Business is ever expanding and dynamic in its characteristics. Thou its expanding character is subject of detailed study and a need of Healthy business ecosystem to furnish it. Gulf is a region located equally to east and west part of the world. Its strategic location, ease of expanding  business prosperity is centrally focus to the world trades. In Gulf SAIF Zone is being laid…

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Multinationals Company [ MNC ]

Multinationals have diverse presence to Act Globally Think Locally! A Multinational Company shortly called as MNC, it have their presence globally with diverse units spread based on operations,management and administration. It is a foreign company in native country where is founded. The company actually extending business operations across the native country this leads to called as Globalization. It means extension of economic activities across the boundaries of a country in search of worldwide markets. Due to Globalization…

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Listing of Company Types

Companies represents a set of Skillful Resources ` A Company defines by its policies working by members and associates in definite direction to lead the organization. The formations, liability, management and ownership of all companies differ from each other. Therefore the companies define on basis of ownership and nationality. On Basis of Ownership – Public Limited Private Limited Government On Basis of Nationality – Indian – Company registered and operates in India under Indian Company Act,1956 Foreign…

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Business Strategy: Joint Stock Company

Large Capital Intensive Companies require to establish by Law Joint Stock Company It is form of Business Organization require high capital and manpower, therefore the company to be enacted and dissolve under law. In India it is formulated by Indian Companies Act 1956,form of business organization is a voluntary association of person contribute towards capitals. Under Joint stock company principle high capital and risk are being managed well. The members of company appoints by investment…

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Business Strategy : PARTNERSHIP

Partnership is a sole basis of Business growth and development with unto trust each other. The Partnership firm is a another form of Business organization, in which profits, losses and capital is being shared between the owners. According to the  India Partnership Act, 1932 section 4 defines partnership as “a relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all”. There are various…

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Role of Small Scale Industries

According to Economic Survey 2010-11, Small Scale Industries (SSI’s) have played an important role in achieving the national objective of growth with equity and inclusion. SSI’s have been entrusted with multiplicity of objectives such as: 1.Employment Generation- They are more labour intensive in nature i-e they require more units of labour and less capital and are best suited for solving the problem of unemployment. 2.Self Employment- They provide immense opportunities for self employment as they can…

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Business Strategy : SOLE PROPRIETORSHIP

A Business is an economic activity to create Wealth & Profits by distribution of Services and Goods. Since the business strategy includes very wide activities; Therefore the business activity divided into two categories ‘Industry’ and ‘Commerce’. Industrial activity will subject to involved in production of goods and manufacturing, while Commerce encompasses the domain of services offered in business. One of oldest form of business is Sole Proprietorship. ‘Sole’ term signifies individualist that ensures business is being owned, control and managed…

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Logistics – All you need to know

Logistics – All you need to know Physical distribution involves planning, implementing and controlling the physical flow of goods, services and related information from producers to customers. In fact, physical distribution aims at getting the right product to the right customer in the right place and at the right time. It covers not only outbound logistics, but also inbound logistics and also supply chain management. Logistics deal with all activities that facilitate product flow from…

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