ENTERPRISE RESOURCE PLANNING (ERP) AND POWER BI

In today’s business landscape, Enterprise Resource Planning (ERP) systems are crucial for managing operations, resources, and data. On a day-to-day operation, for example, businesses across various sectors regardless of their size grapple with a multitude of data points and often are reaching into hundreds or thousands of reports. However, questioning whether it is overwhelming for businesses to struggle with such a massive amount of data collection on a daily basis is not necessarily the case. This is because the key lies in utilizing and analyzing a myriad of substantial information simultaneously can be done by implementing the so-called Power BI as an ERP solution which offers a strategic approach to effective business operations.

To kick things off, we need to understand what ERP is all about and how the so-called Power BI can be a powerful tool to assist business activities on a daily basis. According to Oracle, Enterprise Resource Planning or popularly known by its acronym "ERP" basically refers to a type of software that organizations use to manage day-to-day business operations such as accounting, procurement, project management, risk management and compliance, as well as supply chain. The ERP system, in its implementation, ties together a multitude of business processes and enables the flow of data between them. By collecting an organization’s shared transactional data from multiple sources, the ERP system eliminates data duplication and provides credibility on the data retrieved with a single source of truth. In short, such ERP systems are critical for managing thousands of businesses of all sizes in all industries, and they are regarded as indispensable as the electricity that keeps the lights on.

Furthermore, when it comes to discussing what could be the benefits of utilizing such ERP systems, a good ERP system offers many advantages which can vary and depend on how the system is deployed. The benefits of Cloud ERP, for instance, are different than the one on premise type. That being said, several benefits applied to all modern ERP solutions are as follows:

1. High Productivity. Streamline and automate your core business processes to help everyone in your organization to perform more with fewer resources.

2. Accelerated Reporting. You can fast-track your business and financial reporting easily thus this will prompt you to act on insights and improve your organization’s performances in real time.

3. Lower Risk. You can maximize your business visibility and control while ensuring compliance with regulatory requirements in order to predict or prevent such potential risks.

4. Simpler IT. By using integrated ERP applications that share a database will help you simplify your IT procedures and render everyone an easier way to work.

5. Improved Agility. With efficient operations and ready access to real-time data, you can quickly identify and react to new opportunities that may occur.

On the other hand, such an ERP system or also called an ERP suite is made up of integrated modules or business applications that communicate with each other and share common a database. Besides, each ERP module typically concentrates on one business area, yet, they work together using the same data to meet the company’s needs. As an example, the finance, accounting, human resources, sales, procurement, logistics, and supply chain are among the popular starting points where companies can pick the module they want, and they can add on their scale as needed. After all, the ERP systems also support industry-specific requirements either as part of the system’s core functionality or through application extensions that seamlessly integrate with the suite, which can be purchased via a cloud subscription model (software as a service) or a licensing model (on premise).

Meanwhile, integrating Power BI and ERP (Enterprise Resource Planning) opens doors to data-driven decision-making. This synergy, in fact, transforms data into actionable insights, streamlining operations, enhancing satisfaction, and fostering competitiveness. As businesses embrace digital transformation, such integration between ERP and Power BI (Business Intelligence) becomes pivotal for business success. Therefore, the so-called Power BI as an ERP solution will enable organizations to streamlines their data management, consolidation, analysis, and automation in real-time; catering to diverse data types and capable of handling various facets of business operations, such as:

1. Customer information.

2. Sales & Marketing data.

3. Transaction records.

4. Insights of customer interactions.

5. Product details.

6. Employee-related data.

7. Supply chain metrics.

8. Operational processes.

9. And many more.

Above all, Power BI’s integration with ERP indeed holds immense potentials which organizations can benefit from. With dynamic visualization and analytics, the so-called Power BI (Business Intelligence) empowers foresight, optimization, and innovation in today’s digital era. As businesses embrace data-driven strategies, the integration of Power BI with ERP envisions real-time monitoring, predictive analytics, and AI-driven efficiency.

Note: Below here are some of the most recommended Power BI providers which you can opt to better optimize, automate, and streamline your data management in real-time.

Read More

THE ROLE OF A FINANCIAL MANAGER

Any company, be it a small or medium size to the large corporations such as IBM, Google, Microsoft, Amazon, etc. needs money to operate their business. In order to generate revenue, they must first spend their capital/equity (money) on inventory and supplies, equipment and facilities, employee wages and salaries. With that being said, finance is undoubtedly critical to the success of all companies. Although it may not be as visible as marketing or production, however, the art of managing a company’s finances is just as much a key to the firm’s sustainability.

Basically, financial activities of a company is one of the most important and complex activities. And, in order to take care of these activities, a financial manager is the one who is in charge of performing all the requisite financing activities. At the heart of every financially successful organization, for instance, you will surely find a financial manager – a professional who plays a vital role in steering the financial ship towards organizational profitability and growth. Although the role of a financial manager has long been one of the key positions at any organizations operating with significant turnover, however, for those who have been working in the financial field or for those who possess a strong grasp of numbers and good analytical and communication skills may be the ideal fit for the position.

Furthermore, the typical financial managers have a complex and challenging job. They analyze financial data prepared by accountants, monitor their company’s financial status, and prepare and implement financial plans. One day, they may be developing a better way to automate cash collections and at other times, they may be analyzing a proposed acquisition. This is simply one of the main responsibilities of being a financial manager. Since there are other critical functions that a financial manager performs, below here are some of the multifaceted roles that are embedded in the financial manager’s duties or responsibilities.

 

1. TRANSFORMING A COMPANY’S REAL ASSETS INTO FINANCIAL ASSETS

One of the core responsibilities of a financial manager is to ensure that the company has enough funds to finance its expansion and meet its obligations. In order to do this, the company issues securities (equity and debt), and the financial manager sells them to financial investors at the highest possible price. In today’s capital market economy, for instance, the role of a financial manager is less a buyer of funds with an objective to minimize cost and more a seller of financial securities. In other words, a financial manager must have the ability to maximize the value of these financial assets while selling them to the various categories of investors.

 

2. FINANCIAL PLANNING AND ALLOCATION OF FUNDS

Financial managers are technically the architects of a company’s financial future. They work closely with top management to develop long-term financial goals and strategies, which includes assessing the company’s current financial position, forecasting future trends, and devising plans to achieve financial objectives. By carefully analyzing data and economic indicators, financial managers help organizations to make informed decisions about investments, expansion, and risk management.

Aside from being a strategic financial planner, one of the primary duties of a financial manager is to allocate funds. Simply put, they allocate resources efficiently in order to ensure financial resources are utilized to the fullest. This involves setting the spending limits for various departments, monitoring expenses, and adjusting when necessary. Needless to say, the effective budgeting that a financial manager executes will help companies control costs, maximize profits, and maintain financial stability.

 

3. MAXIMIZING A COMPANY’S VALUE

The main goal of a financial manager is to maximize the value of the company to its owners. For a publicly owned corporation, for example, it is measured by the share price of its stock whereas for a private company, the value is gauged by the price at which it could be sold. To maximize the company’s value, a financial manager has to consider both short and long term consequences of his company’s actions.

Perhaps, maximizing profitability is one approach; yet, it should not be the only one determining aspect. This is because in some cases, such an intuitive approach favors making short term gains over achieving long term goals. As a quick illustration, questioning what would happen if a company in a highly technical and competitive industry had done no research and development? In the short run, profits would be high because research and development is very expensive. However, if it is in the long run, the company might lose its ability to compete because of its lack of new creativities and innovations.

Read More

DIFFERENT TYPES OF COMPANY STOCKS

Over the years, stocks have proved their worth and deserve a prominent place in any long-term investment plan, such as a retirement account. Since the year of 1926, stocks have beaten the performance of any other major asset class by a wide margin that has a return nearly 10% per year on average. Due to the fact that stocks by their nature are volatile, their value rises and falls to invest in them requires great cautions, thus, they should ideally be held to meet medium- and long-term goals. In other words, money invested in stocks should not be the money that you might need in three to five years. Nonetheless, stocks tend to deliver handsome returns in the long run, but volatile markets may not cooperate with your short-term cash needs.

 

1. GROWTH STOCKS

Growth stocks are the shares of companies with the potential to consistently generate above-average revenues and profit growth. These companies tend to reinvest most or all of their earnings in their businesses and pay out little or none of their profits to shareholders in the form of dividends. Owing to the fact that growth companies expand faster than the overall economy, hence, you can occasionally find these companies in mature industries. After all, keep in mind that even fast-growing companies are not necessarily good investments if their shares appear to be overvalued.

 

2. CYCLICAL STOCKS

Cyclical stocks are the shares of companies whose sales and earnings are highly sensitive to the ups and downs of the economy. When the economy is performing well, for instance, cyclical companies tend to shine. A contracting economy typically hammers the sales and profits of these companies and hurts their stocks. Whatever it is, cyclical industries include manufacturers of steel, automobiles and chemicals, airlines and homebuilders.

3. DEFENSIVE STOCKS

Defensive stocks describe the shares of companies whose sales of goods and services tend to hold up well even during the economic downturn. Some of the examples of industries that are substantially isolated from the business cycle are utilities, government contractors and producers of basic consumer products such as food, beverages and pharmaceuticals.

 

4. INCOME STOCKS

Income stocks typically pay out a relatively high ratio of their earnings in the form of dividends. The companies that issue them tend to be mature and have limited chances for reinvesting their profits into more attractive opportunities, for example, the utilities providers. In short, stocks that pay large dividends are usually less volatile because investors regularly receive cash dividends regardless of the market cycles.

5. SMALL-COMPANY STOCKS

Small company stocks have generated better returns over time than stocks of large companies. Although these companies tend to grow faster than their larger brethren, however, there is a trade-off - "small company stocks are much more volatile than the shares of big companies". Perhaps, there are a number of ways of defining what constitutes a small company. One common example or definition is that a small company is usually the one with a stock-market capitalization of $1 billion or less (if you have no clue what market capitalization is about, it is basically a company’s stock price multiplied by the number of shares outstanding).

Read More

FDI – FOREIGN DIRECT INVESTMENT

Theoretically, the FDI which stands for "Foreign Direct Investment" refers to an investment in the acquisition of foreign assets with the intent to control and manage them. In fact, such companies can make an FDI in several ways, including purchasing the assets of a foreign company; investing in the company, new property, plants, equipment; or participating in a joint venture with a foreign company which typically involves an investment of capital. Normally, FDI is primarily a long-term strategy where companies usually expect to benefit from it through an access to local markets and resources, often in exchange for expertise, technical know-how, and capital. Subsequently, a country’s FDI can be both inward and outward where the inward FDI refers to investments coming into the country, and the outward FDI are the investments made by companies from that country into foreign companies in other countries. Thus, the difference between inward and outward investments made is called the net FDI inflow, which can be either positive or negative.

Firstly, there are two main categories of international investment – portfolio investment and foreign direct investment. Portfolio investment refers to the investment in a company’s stocks, bonds, or assets, but not for the purpose of controlling or directing the firm’s operations or management. Typically, investors in this category are looking for a financial rate of return as well as diversifying investment risk through multiple markets. As for the FDI which stands for "Foreign Direct Investment" in other definitions, it refers to an investment made from a party in one country into a business or corporation in another country with the intention of establishing a long lasting interest. This is what generally differentiates FDI from foreign portfolio investments where investors passively hold securities from a foreign country, and a foreign direct investment in contrast can be done by obtaining a long lasting interest through the expansion of one’s business into a foreign country.

Secondly, there are two forms of FDI in the realm of international business, namely are horizontal and vertical FDI. The horizontal FDI occurs when a company is trying to establish a new market such as a retailer, for example, that builds a store in a new country to sell to the local market. Whereas the Vertical FDI refers to when a company invests internationally to provide input into its core operations, which is usually in its home country. To illustrate this further, a company may invest in production facilities in another country. When a company brings the goods or components back to its home country (e.g. acting as a supplier), this is known as the backward vertical FDI. However, when a company sells the goods into the local or regional market (e.g. acting as a distributor), this is referred to as forward vertical FDI. In any cases, the largest global companies often engage themselves in both backward and forward vertical FDI depending on their industry.

Thirdly, many companies engage in the backward vertical FDI. The auto, oil, and infrastructure which include industries related to enhancing the infrastructure of a country such as energy, communications, and transportation are good examples of the backward vertical FDI. Companies from these industries invest in production or plant facilities in a country in order to supply raw materials, parts, or finished products to their home country. In recent years, these same industries have also started to carry out forward FDI by supplying raw materials, parts of components, or finished products to newly emerging local or regional markets.

Meanwhile, there are different kinds of FDI – two of which the "Greenfield and Brownfield" are increasingly applicable to global companies. The Greenfield FDI occurs when multinational corporations enter into developing countries to build new factories or stores. These new facilities, in addition, are built from scratch which is usually in an area where no previous facilities existed. As the name originates from the idea of building a facility on a green field, such as farmland or a forested area, companies build new facilities which can best meet their needs as well as create new long-term jobs in the foreign country by hiring new employees. Bottom line, many foreign countries tend to offer prospective companies tax breaks, subsidies, and other incentives to set up the so-called Greenfield investments.

On the other hand, the Brownfield FDI takes place when a company or government entity purchases or leases existing production facilities to launch a new production activity. One application of this strategy is where a commercial site used for an "unclean" business purpose, such as a steel mill or oil refinery to be cleaned up and used for a less polluting purpose, or a commercial office space and a residential area. Usually, the Brownfield investment is less expensive and can be implemented faster, yet, a company may have to deal with many challenges including existing employees, outdated equipment, entrenched processes, and cultural differences.

As we know, many governments encourage FDI in their countries as a way to create jobs, expand domestic technical expertise, and increase their overall economic standards. Such countries as Hong Kong and Singapore long time ago realized that both global trade and FDI would help them grow exponentially and improve their citizens’ standard of living. As a result, Hong Kong (prior to its return to China), was one of the easiest places to set up a new company where the guidelines were clearly available and businesses could set up a new office within days. This is also similar to Singapore albeit the country was a bit more discriminatory on the size and type of business, however, its government offered foreign companies a clear streamlined process for setting up a new firm.

Read More

WEBSITE ANALYTICS TOOL – MANGOOLS

In the realm of digital marketing, it is not uncommon to notice that many website owners utilize certain analytics tools to help them implementing the best SEO practices for the sake of increasing the visibility of their websites in order to drive more traffic and boost product conversions. Aside from the utilization of business analytics tools that they often use, they also employ the so-called web analytics tools in order to gather data pertaining to their website visitors so that they can have a thorough overview of what parts of their website and product interest users and potential customers the most. Obviously, there are many popular web analytics tools offered on the internet. Yet, out of those web analytics tools that I find incredibly powerful and user friendly on a personal basis is none other than Mangools.

First of all, comprehending the use of web analytics on a first-hand basis is essential if you have been navigating your company’s website or personal blog. Web analytics by theory is basically the process of analyzing the behavior of visitors to your website by tracking, reviewing and reporting the data generated through the use of  your website and its components such as webpages, images and videos. The goal is to provide actionable insights which can help the website owners to be able to better optimize their website’s user engagement and meet business objectives such as increased traffic, conversions or sales.

The utilization of web analytics, in addition, can benefit any business or individual that owns a website or web application and needs some solutions on how to understand and better optimize its performance. Through a series of data collection and analysis stemmed from the use of web analytics, those businesses or individuals that own a website or web application can come up with effective strategies to attract more visitors, retain more existing customers and even boost their monthly revenues. That is why web analytics is essential because firstly, it provides tangible data that can facilitate decisions and actions regarding a web asset. Secondly, it can serve as a business metric for promoting specific products to the customers who are keen to buy them by identifying which products a specific customer is most likely to purchase. As a result, this can help improve the ratio of revenue to marketing costs and boost the overall revenues, profitability and return on investment (ROI).

Furthermore, when it comes to discussing what Mangools can offer to help website owners to achieve the above business objectives, its service technically provides a toolset for smart SEO practices which is highly suitable for bloggers, affiliate marketers, SEO agencies, SMEs, and so on. Compared to other web analytics tools which are relatively costly and difficult to navigate, Mangools is becoming notably popular because of its user friendly design and ease of use, including the key features such as keyword research, competitor analysis, backlink analysis, rank tracking and SERP analysis.

Given as an example, Mangools has a keyword toolset which helps website owners to see their competitors' rankings for the top keywords, and the toolset will then assist them to discover some of the keyword ideas through historical search volumes and trends. This includes search results for more than 50,000 locations thus marketers can effectively optimize the content on their websites accordingly and get more organic traffic.

On the other hand, the SERP analytics tool is another powerful feature that Mangools can offer to help marketers to figure out how competitive it is to rank on the first page thanks to the details of SERP preview with authority metrics that influence the click-through rate. The rank tracking tool offered by Mangools comes with daily rankings and aggregate metrics that show the overall progress through interactive shareable ranking reports.

In a nutshell, if a user does not wish to subscribe and use its web application, this website analytics tool renders an alternative way which is a browser extension for Chrome and Firefox that employs the key data from its SEO toolset.

Link sign up:

1. https://mangools.com#a66a7bcd96aee0837faa50f55 👈

2. https://mangools.com/kwfinder#a66a7bcd96aee0837faa50f55 👈

Read More

SOME BENEFITS OF COMMUNITY LEARNING CENTER (CLC)

Building a Community Learning Center (CLC) around neighborhoods can be something great for children to gain the hands-on skills they need to survive in their country. In fact, it is a great resource that can offer education, support, and enrichment for people of all ages in a community. The so-called CLC plays a vital role in providing functional literacy, vocational skills, and work-related skills to marginalized youth and children in the community, notably for those who can no longer afford to continue studying in the formal education system. After all, the Community Learning Center stands as a focal place for Lifelong Learning opportunity for people from every walk of life.

To begin with, establishing the so-called CLC in underprivileged neighborhoods holds an immense potential for children empowerment with the hands-on skills needed that are necessary for future success. Unfortunately, many of these children in India for example, are still deprived of education access due to several reasons such as poverty, lack of guidance and counseling, learning disabilities, violence, and so forth. Similarly, it is reported that the recent changes in school curriculums and textbooks driven by new bills and laws which dismantle affirmative action and limit critical race theory discussion in the United States have left gaps in the education system. Because of this, such repercussions of not having a proper education or getting a limited access to learning opportunities ultimately resulted in a failure of those children's lives, regardless of their potentials to bring changes in the world.

Perhaps, one of the key benefits of the community learning centers’ establishment lies within their ability to offer an alternative perspective on history and social issues. While politicians of any nations may seek to limit certain narratives, such community learning centers can provide a safer room for exploring diverse viewpoints and fostering critical thinking. By embracing a more comprehensive approach to education, this will ensure our children to receive a well-rounded understanding of the world and its complex history.

Aside from nurturing critical thinking, the community learning centers can also serve as a hub of knowledge and enrichment not only for children, but also for the entire community. For example, such community learning centers can offer resources ranging from libraries, workshops to vocational training programs that will help bridging the opportunity gap in underprivileged neighborhoods. By empowering individuals of all ages with valuable skills and information, this in turn will uplift the entire community and enhance its socioeconomic prospects.

Last but not least, establishing a community learning center can protect children from misbehaviors. According to studies, it is said that youths whose age between 12 and 17 are more prone to commit violent acts or crimes. This actually can be resolved if they spend more time in the community learning centers. When children are under adult supervision, they will have no space to behave unethically and even indulge themselves in any wrong means. Instead, academic activities will keep them engaged in productive things day long so that their mind will be in the right place.

Read More

MONETIZING A WEBSITE WITH GOOGLE ADSENSE

If you happen to notice several ads appear on your screen while browsing through this website of mine – Breaking the Habit, or perhaps if you come across reading any articles from multiple sources as you observe that there are plenty of ads popping up on your screen as well while you are trying to look for specific information on the Google search engine, believe it or not, that is precisely how Google AdSense works with its chosen publishers including myself. Unfortunately, far too many website owners or blog publishers out there have been rejected countless times by Google AdSense to be among its networking partners simply because they do not adhere to the policy content guidelines set in the first place. Needless to say, one thing that I realize in order to be easily approved by Google AdSense, a person needs to read very carefully and completely understand over those criteria set forth prior to submitting "become a publisher" application.

First of all, there is no way we can deny the fact that Google AdSense is still perceived as the most popular tool to generate income online in today’s digital era. Using Google AdSense to monetize your website or application traffic with its interactive unit ads is one of the simplest and the most effective monetization methods; yet, relatively challenging I would say to be eligibly qualified to become among its publishers. With its vast network of advertisers, one thing you should know that Google AdSense strictly ensures a steady flow of targeted ads displayed on its networking partners’ websites – usually the ones that often possess great quality with their content which allow them to monetize every page view effectively. Therefore, if your website is still under construction and lacking quality with its content, it is best for you to fix them and make any necessary improvements before sending your application to become one of its publishers.

Second of all, focusing on developing original and engaging content which resonates with your audience will not only drive more traffic, but also will cause them to stay longer on your website which can increase the likelihood of ad clicks triggered once you have been officially approved as a partner. And, to be able to effectively monetize or earn money with Google AdSense, it is crucial to blend quality content on every page with smart SEO practices (in case if you have no idea what SEO is all about, kindly refer to my articles which I have already posted under the category of digital marketing). Bottom line, you need to keep in mind as well that aside from adhering to its policy content guidelines, make sure that your ads should be integrated in a way that they are visible and capture attentions, but not the other way round which are intrusive or distracting at the expense of user experience.

Finally, when talking about how Google AdSense technically works, it is when publishers have been approved and they start displaying ads on their website pages. Google AdSense, broadly speaking, is an ad network that connects its publishers with its advertisers. When the publishers begin to display ads on their web pages, and there happens to be a random visitor who has viewed or clicked on one of those ads shown, the publishers in this stage will get paid from a specific portion of the advertiser’s bid for the ads that are being viewed or clicked. Overall, Google AdSense in many circumstances tends to perform well on smaller websites because of their quality content which provides a more straightforward information that a user is looking for compared to the larger ones.

Read More

FOUR TYPES OF BUSINESS FIRMS

Broadly speaking, the term business in general refers to an entity that operates for commercial, industrial, or professional reasons. If judging from the organizational context, a business entity is basically an establishment intended to carry out commercial activities by producing goods or services and meet the people’ needs. As we know, most of the organizations have their own standard such as social structure, purpose goals, utilization of resources, rules and regulations, and so on. Although the fundamental purpose of a business organization revolves around facilitating efficient operations, optimizing resource utilizations, managing risks, and ultimately driving profitability and growth, however, determining the legal structure of the business is an important factor to consider since business owners may need to secure permits and licenses and follow registration requirements to begin their legal operations.

1. SOLE PROPRIETORSHIP

This is the traditional and popular form of business organization and has the least complex type of business due to the minimal government regulation. A sole proprietorship is a business owned and run by one person. It is usually very small with a few numbers of employees. Although they do not account for much sales revenue in the economy, however, they are the most common type of firm in the world. Due to the fact that the entity is incorporated between the owner and the business, still, the sole business owner is not free from liabilities associated with the business. After all, a local grocery store is the most common example of sole proprietorship where the scale of its business is relatively small.

2. PARTNERSHIPS

A partnership is identical to a sole proprietorship, except it has more than one owner. If two or more persons agree to do business together, a partnership is formed. Doing business as a partnership is a common-law right since there is no specific statute is needed to form a partnership. Each individual in a partnership business partners is liable for the firm’s debt owing to the fact that they share equally in the distributions of income and they have equal rights to manage the partnership. Regardless of whether the business is making profits or losses, it is usually advisable to have a written partnership agreement which will set forth the following details:

- Names and addresses of the partners.

- Relative rights to management and profits of each partner.

- The nature of the partnership business.

- Length or duration of the partnership.

- Requirements for admission and withdrawal of partners.

- Provisions concerning the dissolution of the partnership and any other provisions where the partners wish to govern their relationship as well as the entire operations of the business.

3. LIMITED LIABILITY COMPANIES (LLC)

A limited liability company (LLC) is a limited partnership without a general partner. It is neither a partnership nor a corporation, but a "hybrid" entity with some of the characteristics of each. In this type of business, the LLC may be solely owned or it may have several owners. The owners are called members like limited partners or shareholders, but they are not liable for the company's debts based upon their status as owners. Because the members have the right to manage the company's business and affairs, they may also elect to have the LLC to be run by one or more managers if they do not want to run it themselves.

4. CORPORATIONS

This is the most complex form of business structures because they are established under the laws of each state and also are subjected to all the corporate income tax. Besides, all the profits issued to shareholders as dividends are taxed as per the individual tax rates on their private annual tax returns. The distinguishing feature of a corporation is that it is a legally defined and artificially being separated from its owners. Because a corporation is a legal entity separate and distinct from its owners, it is solely responsible for its own obligations. That being said, the owners of a corporation or its employees, customers, etc. are not liable for any obligations the corporation enters into. Similarly, the corporation is not liable for any personal obligations of its owners, employees, customers, and so forth.

Perhaps, one of the unique features of a corporation is that there is no limitation on who can own its stock. That is, an owner of a corporation, do not need to have any special expertise or qualification. As the feature allows free trade in the shares of the corporation and provides one of the most important advantages of organizing a firm as a corporation rather than being a sole proprietorship, partnership, or LLC, the ability to raise substantial amounts of capital is greater because those who own the ownership shares can sell them to outside investors. Bottom line, corporation is also the most expensive to form and is subjected to double taxation where the business pays a tax on its income when earned, and its shareholders pay a tax on the income when it is distributed to them in the form of dividends, or the distributions upon the corporation's liquidation when bankrupted.

Read More

THE CASE OF A JUNIOR MEDICAL DOCTOR WHO COMMITTED SUICIDE

While I was scrolling down and trying to keep abreast of the latest newsfeed on social media, I accidentally came across reading one intriguing article which literally piqued my interest and it sort of evoked my instant recollections of the two prominent musicians (Chris Cornell of Audioslave & Chester Bennington of Linkin Park) who had a prolonged history of struggling with chronic depression throughout their lives. It was about the ongoing case of a junior medical doctor who worked at the Queen Elizabeth Hospital in Birmingham (England) named "Dr. Vaishnavi Kumar" where she was reported to have committed suicide in June 2022 due to the severe effect of toxicity at her workplace, and her father has been relentlessly demanding an utter justice for her daughter’s untimely death since then.

To certain people out there, addressing the so-called "Mental Health Disorder" may still appear to be something taboo and inconvenient to be discussed openly, yet, many of us often times possess a tendency to underestimate or even dismiss the crucial impact of the role that mental health plays in our lives, especially from the aspects of dealing with our day-to-day routines. Besides, one of the most contributing factors which tend to escalate such a high degree of employee turnover in any industries is associated with the amount of conduciveness inflicted by a work environment. In other words, the more toxic the cultivation of corporate culture manifested in an organization, the more frequent the replacement of hiring new recruits will take place in a matter of days.

To begin with, the aforementioned case of a young medical doctor’s sudden death and its aftermath was among a series of solemn issues subject to the six-week rapid review led by Professor Mike Bewick following a perpetual sequence of damning allegations which was aired on BBC Newsnight in June 2022. According to one particular source of information retrieved, it was stated that the female Indian doctor decided to take her own life after feeling "belittled" at her workplace, which was perceived as the type of bullying case for us to be concerned with since it could trigger a never-ending episode of mental health struggles to the point where the victim would end up committing suicide. In reference to the additional details of her impromptu demise, it was further revealed that when she felt overwhelmingly distressed by the unpleasant work ambiance at a hospital she worked, a lethal cocktail of medication was identified to be the primary cause which was something she consumed and eventually, a group of ambulance team failed to rescue her as she took her last breath at City Hospital on June 22^nd 2022.

Obviously, the above incident pertaining to a mental health problem could immediately prompt our eye brows to start questioning how such an impact of toxic workplace in the most extreme case can inflict a profound severity on a person’s mental health condition; resulting in an innocent soul to be in a dire state of suffering from suicidal thoughts. Nevertheless, following the audacity of decision to end her life in June 2022, the junior medical doctor was also found to have left pieces of final words on a note she wrote, in which she went saying that "she was sorry to her dearest beloved mother, and she could blame the whole thing on the Queen Elizabeth Hospital, Birmingham" (an exact location where her dead body was discovered following her drug prescriptions with an excessive amount of alcohol consumed as the ultimate consequence of her mental health struggle, which stemmed from the adverse effect of her workplace toxicity).

Read More