Dream without boundaries

Canada is one of the best humanitarian country for immigrants and refugees. The history of Canadian immigrations is not only the orderly population growth but also economic development as well as Canadian attitudes and values. In fact, the modern Canada has been built on the migration and contributions of many immigrant groups, beginning with the first French settlers, through newcomers from the United Kingdom, Central Europe, the Caribbean and Africa, to immigrants from Asia and the Middle East. Right now, 300,000 new immigrants have been welcomed by Canada annually. During the Covid pandemic, the number of new immigrant decrease dramatically. Canada welcomed only 184000 new immigrants in 2020 which fell to the lowest level since 1998. If the world situation did not change, immigrants number will not be up to the target. Canada is also one of the prominent humanitarian country in the world. It has a history of receiving refugee from all over the word. The number of refugee claim w...

Performance management, a systematic process, is used for improving organizational performance by analyzing the performance of individuals and teams.  To get better results from team and individuals, every organization has to understand and manage performance within an agreed performance management model. The benefit of the performance management: 1. Identify employees’ strength and weaknesses areas of development 2. Showing the best way to utilize the strength and also finding the way to overcome the weakness. 3. Reveal problems which restrict progress and causing inefficient work practices. 4. Encourage better performance of the staff 5. Determining employee suitability for promotions, training, incentives and new goal.  6. Reduce the communication gap between staffs and managements.       I believe, performance management can be done effectively through the following ways: Organizational Goal/Departmental Target ↓ Jobs r...

  Accounting is a process of recording financial transactions. Visicalc is the first accounting software which enabled financial modeling on the computer in 1978. Later on, Peachtree was introduced as the first accounting package software for the personal computer. Now a day, we have a lot of accounting software like Sage, QuickBooks, IRIS, PTP, Vt Transaction+, Oasis, Excel, Oracle, SAP, Xero etc. Manual Accounting: Accounting works step by step. All steps are shown below: 1.       1.  Journal (Initial or daily record book) 2.      2.   Ledger (Final book of recording transactions individually) 3.       3.  Trial balance (Prepared from all ledgers balances) 4.       4.  Adjustment entries (Given before the financial statement) 5.       5.  Adjusted trial balance (this trial balance prepared after the adjustment entries) 6.       6.  Financial S...

Capital flight is an economic situation when investor pull their capital out from one country to another country by selling their financial assets that they own. Investors’ lack of confidence on the country’s system is the main reason of capital fight. Investors always want the minimum security of their investment. Whenever they feel unsecured and wish to protect their investment, capital flights occur. Political or economic instability, currency devaluation, the imposition of capital controls, high taxations are some common phenomena that force investors to do the capital flight.  Capital flights have the following effects on economy of the affected country: 1. Many businesses will be closed and people will loss their jobs. 2. Wealth disappeared which lead depreciation in a variable exchange rate regime, or a forced devaluation in a fixed exchange rate regime. 3. Assets will loss much of their nominal value. 4. Dramatically decreases in the purchasing power of the country'...

Leadership style affects on job performance, satisfaction, stress and turnover. According to Kurt Lewin (1939), there are three major styles of leadership which he found after leading a group of researcher who were researching for identifying leadership style. Autocratic, participative and delegative are the most usual leadership ship style. Autocratic Leadership is like a directive leader. These kinds of leaders always want the work done. They do not give any advice to work done but want perfect. Many people have negative ideas about this style. They thought that these kinds of leaders are like dictators. Participative or democratic involves one or more employees at decision making. Employers or leaders and employees or followers discussed to find out the best way of work. But the final decision comes from the leader. It is a very useful style to motivate employees and get the work done properly. Delegative leaders allow their employees to take decision. But leaders will be resp...

Strategy is the key to success of a company. According to Gavetti G and Rivkin J.W, “the heart of any company’s strategy is what choose to do and not do.” A lot of models are given by the legend of strategy makers. AAA triangle is one of them. AAA triangle was introduced by Pankaj Ghemawat, professor of IESE Business School in Barcelona, Spain and Harvard Business School in Boston. Adaptation finds out more revenue and market share through the local relevance. Organizations develop their product customized to the specific country. They may change their management policy in terms of branch management and give high degree of autonomy to the branch manager. Organizations can react quickly during the change of local market trend or other business landscape. In Canada, No Frills are using this strategy mostly. Aggregation works for creating regional and global operation. When organizations become able to establish their products, they need to use this strategy for further growth. They c...

Marketing strategy is a process that helps an organization to get the best outcome from limited resource. Proper marketing strategy increases the company’s profitability and helps to sustain its position in the market.  There are a lot of marketing matrix to develop companies. ANSOFF Matrix is one of them. ANSOFF MATRIX is the most popular matrix for those companies which are attempting to expand. There is a portrait for ANSOFF MATRIX given below:     Existing Products                   New Products   Market Penetration       Product Development       Market Development     Diversification            Existing Market                   N...

  Human life is a journey. Not everyone has the similar types of journey. Depending on the situations and circumstances, journey can be through roller coaster, bus, train, bike or plane. But the question is not on how you are doing the journey. The question is on who choose the mode of journey or how did it become the method of your journey? As per Wikipedia, a roller coaster is a type of amusement ride that employs a form of elevated railroad track designed with tight turns, steep slopes, and sometimes inversions. It means, this is not straight forward. We have to be held in tight with courage to finish the journey. One thing is definite in roller coaster ride; if you ride in the coaster, no matter what you have to finish the journey. The question mark will come on your second time ride whether you have dare to ride again or not? Some human life has experience this type of journey. Only difference is the period of time. Roller coaster have fixed 5 to 10 minutes’ journey. Human l...