Category: Industrial

Six Sigma Methods

Six Sigma Methods

Methods DMAIC is used for projects aimed at improving an existing business process. DMADV is used for projects aimed at creating new product or process designs. DMAIC The DMAIC project methodology has five phases:...

360-degree Feedback

360-degree Feedback

Definition 360-degree feedback is an evaluation method that incorporates feedback from the worker, his/her peers, superiors, subordinates, and customers. Results of these confidential surveys are tabulated and shared with the worker, usually by a...

Human Resource Audit

Human Resource Audit

According to Dale Yoder “Refers to the evaluation and examination of policies , practices and procedures to determine the effectiveness and efficiency of human resource.” SCOPE OF HUMAN RESOURCE AUDIT Audit of all the...

Definition of Human Capital

Definition of Human Capital

The set of skills which an employee acquires on the job, through training and experience, and which increase that employee’s value in the marketplace.“Human Capital is the productive capacity embedded in an individual that result from natural capability, education, training and experience”

Demand For Human Capital

Demand For Human Capital

Demand for labour capital explains the relationship between availability of labour and wage-scale. If the number of labour increases the wage rate per labour decreases , because supply of labour is more than demand, so...

Factors determining working capital requirements

Factors determining working capital requirements

Nature of business Size of business Production policy Manufacturing process Seasonal variations Working capital cycle Rate of stock turn over Credit policy Business cycles Rate of growth of business Price level changes Earning capacity...

Working Capital

Working Capital

Working capital may be regarded as the life blood of business. Working capital is of major importance to internal and external analysis because of its close relationship with the current day-to-day operations of a...

Over Capitalization

Over Capitalization

If a company raises more capital (by the issue of shares and debentures and through long-term loans) than is warranted by the figure of capitalization of its earning power, the company will be said...

Under-Capitalization

Under-Capitalization

Under-Capitalization -Under-capitalization is just the reverse of over-capitalization. Sometimes a company, on the face of it, may have an insufficient capital but it may have large secret reserves Thus, in case of well-established companies, there is a...

Financial Forecasting

Financial Forecasting

It is, therefore, necessary for a new concern to estimate its requirements of funds properly. The financial requirements of a new company may be outlined under the following heads: 1. Cost of fixed assets including...