Argos is now a proud registered owner of numerousbrands and rapidly expanding its business to the next levels. Businessexcellence or in other words business improvement is Argos is one of the largest unique and successful general-goods retailers inthe UnitedKingdom and Ireland with more than 800 stores around. Thebest part is; it is a catalogue merchant, which means it primarily displays their goods by catalogue and customers make their selections topurchase through a computer and take [...]

The term “Cost Unit” can be defined as a unit of product or service in relation to which costs are ascertained. As an example cost unit for a mobile telecommunication provider would be call minutes. Cost unit can be tangible and intangible in nature. Examples of tangible cost units are garments produced at apparel manufacturing firms, loaves of bread produced at bakeries,  bars of soap produced by soap manufactures. However, to handle the large bulk of cost units and to [...]

A cheque is a negotiable financial instrument we use to settle payments. A cheque can be lost, stolen or the signature of payee can be done by someone else pretending him/her and that’s why the protection of cheques has increased according to an international standard that we must thoroughly consider when writing a cheque. Crossing is a popular method of protecting the payer and payee of a cheque. Both bearer and order cheques can be [...]

It was shocking to hear that Google bought Motorola Mobility Inc. by paying USD 12.5 Billion which is considered as big money in today’s terms. The trend in the modern business world is such that manufacturing organizations shift towards service industry to safe guard their profit margins from competitive forces.  Fine.. Then Why did “Google” ; one of the most innovative service firms in the world, acquire Motorola  which is an old fashioned handset manufacturer..? There are many [...]

Intraprenurship is a combination of  entrepreneurship and management skills. Entrepreneurship is defined as the process of making money, earning profits and increasing the wealth while posing characteristics such as risk taking, management, leadership and innovation. (Read the article on “What is Entrepreneurship”) Entrepreneurship is based on above mentioned key characteristics and it is agreed that entrepreneurs create job opportunities for the management staff who manage the day to day business activities of the business venture commenced by the entrepreneur. However, with the increasing level [...]