Executive Pay: The Curious Case of Carlos Ghosn’s Arrest
February 12, 2025
Hammer and Champy’s concept of Business Process Re-Engineering depends on harnessing technology to optimize processes as its main driver. To understand why technology is imperative for BPR, let’s first review what BPR does. What is BPR? “BPR is the fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in critical contemporary measures […]
Well Defined Scope of the Project: A well-defined scope of the project is perhaps the most important deliverable of the Define phase. Scope document goes a long way in finding the solution. A lot of organizations resources have been wasted and no substantial results have been obtained because of the failure to correctly scope a […]
Polar opposite to the concept of Business Process Re-Engineering is the concept of continuous improvement. It was developed by the Japanese after World War-2. Whilst BPR relies on radical change, lean management relies on small incremental change. It stems from Japanese term called “Kaizen” which means small improvement. The concept relies on successive small improvements […]
Introduction In this digital age with fierce competition, it is essential that managers within organization are completely aware and receptive to evolving changes. One the quickest evolving change is within information systems. This change in information systems is contributed to advances in computing and information technology. Applying a concept that information system is strictly under […]
Carlos Ghosn is a 64-year-old French citizen who is the head of three major automobile companies viz. Mitsubishi, Nissan as well as Renault. To people who are familiar with the automobile industry, Carlos Ghosn is not a name that needs any introduction. He is the wonder executive who has rescued automotive firms from the brink […]
An economy consists of many sectors. However, infrastructure is known to be the backbone of any economy. Roads, railways, electricity, and banking services are the very bedrock on which the modern economy grows. Until and unless a nation has robust infrastructure, any other industry will find it difficult to grow and prosper.
In this article, we will have a closer look at the various problems that are faced when a nation decides to expand its infrastructure.
The main reason why the development of infrastructure is considered so important is the fact that it is ubiquitous. Consider the example of electricity for instance. All industries use power. Hence, if a nation does not have a stable supply of cheap electricity, enterprises will find it difficult even to survive. Infrastructure is composed of utility industries which become the part of the cost structure of every kind and service produced. Just like electricity, transportation and telecommunication will also be an expense for every industry.
Infrastructure is controlled by a handful of large corporations and the government. This makes it easier to make it more efficient. Consider the case of China which has built excellent infrastructure for all its industries. The result of the effort taken by the Chinese government is that the cost of production of all goods and services is lower than the rest of the world.
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