Introduction For the past one decade, leading organizations have been importing concepts from lean manufacturing into service sectors such as travel, government, retail, financial services and even healthcare. Financial services have been at the forefront of this transformation, but healthcare systems are also increasingly adopting this production method. In fact, healthcare centers like Hirslanden Klinik […]

During the Hellenistic period, Greece exerted significant cultural influence in Western Asia, North Africa, and Europe. At the same time, its philosophy underwent a radical shift from a predominantly Greek product to an eclectic and cosmopolitan cultural movement in which Greek ideologies and other religious elements amalgamated. Among religions that got immersed in the amalgamation

Absolutism is a form of rule where a central sovereign individual holds unlimited, complete power that is not restricted by any part of government or state. In effect, the leader rules free of laws or opposition. Absolutism was mainly espoused by European rulers during the 16th, 17th, and 18th centuries. At the time, kings and

The emergence of new technologies in the financial world has transformed the way societies manage currency as a medium of exchange between various entities. One of the most remarkable technologies thus far relates to digital currencies. Today, digital currencies have attracted considerable attention in the society, with many embracing distributed ledger innovations while abandoning centralized

Sir Richard Branson Sir Richard Branson is a British Entrepreneur and Founder of the multinational Virgin Group.  Born on 18th July 1950, he dropped out of school at age of 16 to start his first venture, a decision that led to the creation of Virgin Records and a wide range of corporations including Virgin Galactic,

The survival of the company in the industry depends on how the company has strategized itself to meet the uncertain and unanticipated future outcomes. This places the management in a critical position of usually scanning the environment to establish appropriate management strategies.  For comprehensive elaboration of strategic management, this paper uses the case study focuses

What is it Important for management to assess the production cost? In manufacturing firms, it is critical for the management to assess the cost of producing each product as this knowledge is essential for the survival and success of the organization. Firstly, the assessment of the production cost for each unit has a huge impact

Introduction             One of the most prevalent problems in organizations today concerns Human Resources (HR) Forecasting. Many modern organizations face hurdles when matching HR needs with present and future organizational activities as a result of various reasons including inflexibility in the HR department, unyielding managerial teams, rigid organizational cultures, and centralized managerial mechanisms, among others.

The ability to spend less and save more is the cornerstone of accumulating wealth and achieving financial stability in the long run. It is also a foundation for one’s sense of personal security. The reasoning behind spending less and saving more is backed by simple mathematical calculations: In order to retain items that one has