Business studies
Management is one of the oldest professions. And while managers tend to view their job as either supervisory or task in perspective, this outlook is simply an illusion. From the most basic level, management is actually a complex discipline that consists of at least five basic functions: organizing, planning, staffing, leading and directing. These processes …
The contemporary global economy is characterized as a service-based economy. This is primarily because of the growing share and importance of the service sector worldwide in most developing and developed countries. Statistics today show that almost every country is witnessing a surge in business activity revolving around services. It is estimated that more than two-thirds …
Business Services – Essential For Thriving in Today’s World Read More »
Business environment is a collective aggregate of all external factors, events and influences which affect and surround it. It is quite broad and continually changing because its individual components interact. It is quite different from the overall environment of business because it is driven by forces beyond the control of any individual. An individual’s actions …
Many people know that the best way to secure their money is by having a bank. Having your own bank can offer safety and security when you are handling your money on a regular basis. A bank provides a safe place for your money to be deposited and accessed. In addition, banks provide a number …
Different Types of Retail Banking Services Offered by Banks Read More »
The importance of Insurance and financial stability cannot be undermined any longer. Today, it has been proven that the success of a person depends on his or her financial security. Therefore, the success of a businessman also depends on his or her financial stability. In this context, Insurance is a sort of financial security blanket …
Insurance and Financial Stability – An Important Issue For Your Family’s Security Read More »
There are many emerging types of business models currently prevalent in the world of commerce. These include E-commerce, C2C commerce, Web 2.0, Creative industries and Fashion. Let’s take a brief glance at each of them to understand how they work and what their future looks like. E-commerce is the model adopted by most E-commerce businesses …
Business planning can be described as the process of arranging the different aspects of an organization so that they achieve a certain objective. A company’s long-term planning involves planning for the long-term viability and success of the organization. This planning can be done by soliciting feedback from customers, employees, investors, and other interested parties. There …
The most important organizing principle in organizing a business is the meaning and importance of delegation. Delegation is one of the most important concepts for an organization since it deals with the issue of ownership. The meaning of this concept is that a business does not have the owner; rather, it has one or more …
The entrepreneurship spectrum is expanding fast with many people now defining it as a venture that brings together people who have similar entrepreneurial attributes and backgrounds in an effort to build a business or create a new enterprise from scratch. As well, this paper presents the scope of entrepreneurship and its constraints and examines the …
Recently, I read an article by Edward J. Larson in the Harvard Business Review. In this piece, he argues for the need to increase corporate social responsibility. The author rightly points out that corporations have an interest in promoting social responsibility on the part of businesses because doing so will create a higher profile, making …