Accuracy and Precision
"Accuracy" and "precision" are related but not identical concepts, and the difference between the two is important to estimation. Accuracy of a measurement system is the degree of closeness of measurements of a quantity to its actual (true) value. The precision of a measurement system, also called reproducibility or repeatability, is the degree to which repeated measurements under unchanged conditions show the same results. Continue reading
Differences Between Web Browsing and Research
Today Internet is one of the major sources of information. You can find information on almost any topic you desire on Internet. It is a huge database of useful information. It is a major repository of scholarly journals, news, books, magazines and other general information. Continue reading
Fortune Selects Henry Ford Businessman Of The Century
GE’s Jack Welch Named Manager of the Century. Culminating its look back on the century in business, FORTUNE magazine has named automobile giant and entrepreneur Henry Ford Businessman of the Century-beating out runner-up Bill Gates of Microsoft-and has chosen General Electric’s Jack Welch Manager of the Century. Ford was among four finalists chosen from a […]
Beyond The Hype Of Entrepreneurship In India
Some entrepreneurs came into limelight recently with their big success stories. The small number of these big success stories in entrepreneurship gives a feeling that entrepreneurship is new in India. There could be nothing further than the truth. The reality check – Is entrepreneurship new? From the independence period, self-employment existed as #1 employer in […]
Lessons in Management: From The Ancient Roman Centurions
Though Roman Centurions have a history of more than 2100 years, they practiced many management concepts that are required for managers even today. The Romans created a concept of how a manager should be chosen, how to lead a team and other important characteristics of being a manager. Management lessons from Centurions are broadly applicable for first line officers, professional managers, and for many others in managerial positions. Continue reading