Month: January 2013

BBC Mission & Vision Statement

Our mission, vision, and values inform the work of the BBC and are how we promote our public purposes. The public purposes are set out by the Royal Charter and Agreement, the constitutional basis for the BBC. Our Mission To enrich people’s lives with programmes and services that inform, educate and entertain. Our Vision To be the most creative organisation in the world. Our Values     Trust is the foundation of the BBC: we are independent, impartial and honest.     Audiences are at the heart of everything we do.     We take pride in delivering quality and value for money.     Creativity is the lifeblood of our organisation.     We respect each other and celebrate our diversity so that everyone can give their best.     We are one BBC: great things happen when we work together. Source:...

Read More

First Data SWOT Analysis

Following are the SWOT – Strengths, Weaknesses, Opportunities and Threats of First Data. Strengths • Strong position in market • Strong product portfolio • Contracts of the company are renewed • Strong hold in United states Weaknesses • Few customers are not satisfied • Most of the revenues are coming from domestic market • Lack of expansion in international markets • Debt is increasing Opportunities • Product diversification • Market development by entering in new markets • Improving the contracts Threats • Economical slowdown • Change in technology • Fluctuation in exchange...

Read More

What is Project?

A project is a temporary Endeavour which is unique and having a start and end date. There could be multiple reasons for initiating the project, few of them are mentioned below. 1.Opportunity in industry 2.Resolution of problem 3.Acquire new solutions What are the characteristics of Project? 1.Unique 2.Temporary 3.Definite start and end date What are the examples of Project? 1.Constructing a new building is an example of project whereas maintenance of building is not a project because it is an ongoing activity. 2.Constructing a bridge 3.Launch a new...

Read More

Project Management topics for Projects

Project management is growing field now a days as the corporations, firms and company’s have been aiming to meet the organizational objectives by initiating,planning, executing, planning & controlling and closing of projects If you are interested in project management domain then go through the below title and choose your project topics which attracts you most. Impact of project changes on triple constraints of project management Cost benefit analysis for projects Parameters to identify relevancy between projects Qualitative risk management Best project costing methods Impact of issues on triple constraints Stakeholders influence on project success Impact of stakeholders on triple constraints Best methods of stakeholders analysis Team motivation techniques Agile team motivation Project selection framework Management by objectives Strategic planning for projects Management by objectives Model/Framework for WBS (Work Breakdown structure) Requirement gathering techniques Best templates/methods for requirement gathering Progressive elaboration for planning and requirement gathering Impact of organizational structure on projects Communication planning for multi-country projects Performance evaluation for projectized organization Performance evaluation methods for project managers Benefits of risk management on projects Best approaches for high level planning Project effort estimation tools and techniques Project effort estimation using COCOMO Project effort estimation using function point analysis Expert judgment in project effort estimation Impact of work environment on project management triple...

Read More

Functions of a Vision

You can and should shape your own future; because if you don’t someone else surely will. – Joel Barker 1. It gives us direction. 2. Without a sound vision, we are at a severe risk. 3. It gives us motivation. 4. It helps us fight adversity. 5. If we don‘t have a sound vision, we risk becoming the instrument of an undesired vision. 6. It helps us select some of our roles. Reference...

Read More

Characteristics of a Vision

Following are the characteristics of Vision: 1. Attainability: What is the possibility of achieving your vision within the available resources? 2. Lucidity: An articulation of the vision which explains the main idea in clear and unambiguous terms. 3. Concreteness: The number of quantifiable elements and degree of quantification in those elements. 4. Clarity: Clarity is defined as a vision having high lucidity and appropriate concreteness. 5. Complexity: How complex or simple is the main concept behind the vision? 6. Scale: The scale of your vision in terms of geography, time and depth. 7. Nobility: Nobility is the degree to which your vision touches the lives of people other than yourself for a greater good. 8. Loftiness: The minimum cost required for the success of the vision. 9.Greatness: What is the level of sacrifice that you are willing to make for your vision? 10. Correctness: The correctness of your vision is directly proportional to the soundness of your ideology. Reference...

Read More

Definition of Strategic Management

The art and science of formulating, implementing and evaluating cross-functional decision to allow an organization to attain its defined long term objectives. Strategic management can be also defined as the systemic process of identifying internal and external factors of an organization in order to define better objectives and formulate, evaluate and implement strategies to achieve the objectives. Strategic management emphasize on integrating all functional areas of an organization; management, marketing, Human resource, branding, research and development, technology, business development, professional services, corporate affairs and operations to achieve the organization success. The primary purpose of strategic management is to capitalize on existing opportunities and create new opportunities for tomorrow. Strategic management does not guarantee success however, it can minimize the risk of...

Read More

International Firm or Multinational Corporation

There are number of organizations that has been doing business domestically means the investors are local. However, if an organization conducts business across the border or outside domestic/local market in that case it is called an International firm or multinational corporation. The term parent company refers to the firm investing in international operations while the host country is a country where the business is conducted. Since, international firm is operating in multiple countries each has its own internal and external factors therefore, management is more complex as compared to domestic firm. There is a high impact of social, economical, technological, competitive, environmental, legal cultural and demographics factors on International firm. Thus, strategies for international business should be made to capitalize on opportunities and defend threats exist in same industry of multiple...

Read More

Internal Strengths and Weaknesses

Strengths are strong functional areas where organization are performing well whereas, weaknesses are the underperformed areas of an organization that could be improved in a different ways. Strengths and weaknesses are internal therefore, categorize as controllable factors that are performed well or poorly. These factors take birth in management, marketing, finance, human resource, research & development, information technology and manufacturing functional areas of business. An organization should identify and evaluate internal strengths and weaknesses in timely manner so, it could make the strategies to get advantage to capitalize on internal strengths and reduce the internal weaknesses. Strengths and weaknesses are determined by: 1- Elements such as natural resources and reputation in industry. 2- Comparative analysis with competitors. 3- An organization objectives 4- Comparing to past records of company. For examples, Assets increased by 10%, revenues and profits increase by 20%. 5- Ratio analysis 6- Benchmarking with...

Read More

External Opportunities and Threats

External opportunities and threats are political, legal, economical, social, environmental, technological, cultural and competitive trends, events and factors that may benefit or harm an organization in future. In contrast to strengths and weaknesses of an organization which are internal thus controllable factors , external opportunities and threats are beyond the control of a single organization therefore, categorize as external rather than internal. Rapid change in economy, weather, people way of living, technology and culture are few examples of opportunities and threats. However, different products, services and strategies are made to capitalize on available opportunities and reduce the impact of threats. For example, Apple recently release iPhone 5 to continue its legacy of iPhone and grab market share from Samsung product Galaxy S3. Following could be the external opportunities and threats for Wal-Mart. Opportunities 1-Contribute to corporate social responsibility. 2-Improve perception of people via different programs. 3-Partnership or acquisition of supplier(s) would further reduce the cost of the products. Threats 1- Economic slow down in USA reduces Wal-Mart revenues. 2- Government regulation in different countries. The process of identifying, monitoring and evaluating of external opportunities and threats for an organization is important to formulate strategies to utilize the available external opportunities and defend the external...

Read More