One of the most memorable case studies on Japanese management was the case of the empty soap box, which happened in one of Japan's biggest cosmetics companies. The company received a complaint that a consumer had bought a soap box that was empty.
Immediately the authorities isolated the problem to the assembly line, which transported all the packaged boxes of soap to the delivery department. For some reason, one soap box went through the assembly line empty.
Management asked its engineers to...
Managing growth & risk in current Indian economic scenario
In today’s world, the growth of a business is critical and is challenging. With inflation adamant of not coming towards south and travelling north direction, RBI hiking the rates (further rate hike on the cards), economy is not so stable, Forex not steady, heavy competition, the business is put to lot of stress on its growth aspects and increase the risk factors.Let us see what the factors for growth of a business are.Strong business strategy. The business should have a strong strategy for its growth,...
Obtaining Directors Identification Number (DIN) is now made easy
If you are a Director without DIN or going to be a Director in a company, you have to have your Directors Identification Number (DIN). Currently, we have to fill form in physical form, attach supporting documents, take a DD and send to the DIN processing center. You have to wait to know whether your DIN is allotted or not. You will query later on, which will drag the process of getting a DIN.
Lot of representations have been received by the Ministry that the documents required to be submitted...
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