Motivating employees: going beyond the pay cheque
Each employee is different from the other, by virtue of their qualifications, experience, knowledge, professional expertise, expectations, and last but not the least, their motivation. It is true that a happy employee can help a company to prosper. However, that happiness or satisfaction may not be derived from one common factor, a salary. Most employers […]
SWOT analysis – a basic understanding
Any organisation, be it big or small normally operates in a dynamic environment. This environment is made of up of numerous factors which may or may not be good for the organisation in the long run. The organisation has the responsibility to identify all such factors and then adjust itself accordingly. This constitutes the dynamic […]
Corporate Social Responsibility (CSR): In response to social concerns
Let’s begin with the basics. Corporate Social Responsibility, CSR, is the deliberation of social concerns and public interests in vital business decision-making. Each corporate is responsible for the impact of their actions and activities, on the environment, on their consumers, communities, employees, stakeholders, and all others, who are directly or indirectly under the impact. CSR, […]
Encouraging leadership over management
As defined by Stephen Covey, “Effective leadership is putting first things first” while “effective management is discipline, carrying it out”. This offers a brief glimpse on how leadership is different from management. We try to define a leader on the basis of a plethora of qualities such as; a leader should have the charisma, is […]
What are the barriers to business communication?
Any organisation can have serious problems due to a communication gap. These gaps are formed by specific barriers which are thus the major causes of unsuccessful business communication. Exchange of information over a long distance faces various challenges. In the case of complex information, the potential barriers to business communication must be overcome in order […]
The impact of globalisation on international business
The world is evolving, and with it trade and businesses are undergoing a huge changes. Goods and services from any country are easily available all over the world, and while the roots of globalisation are pretty old, this facet is quite new. Globalisation can be defined as the easy availability of goods, connectivity amongst nations, […]
Some important characteristics of good corporate governance
“Corporate governance” defines the practices, processes, and structures through which an organisation manages its business. An organisation, through corporate governance, works to accomplish its operational, fiscal and strategic objectives while attaining longstanding sustainability. However, there are no set practices, as there are several factors that drive an organisation towards its objectives. The practices vary depending […]
Non-verbal communication
Non-verbal communication does not require the use of words. Although one may consider verbal communication as a more important way of communicating thoughts and ideas, it is, in fact, the non-verbal mode of communication that does half the job even before a word is spoken. Hence the importance of non-verbal communication cannot be denied. Let’s […]
The eight components of supply chain management
Simple bread and butter with which we eat each day, actually gets to us through several processes. In this instance, bread begins its journey with the farmer who sows the seeds and sells the wheat to the businessman, who in turn sells it to the baker who bakes the bread. This is a description of […]
Business ethics from a UK cultural perspective
Along with the areas of progress in the global business environment, there has also been a rise in a multitude of ethical issues. Today, with growing awareness and complex business relationships, it is vital for each business to create codes of conduct and ethics that must be followed by each member of the organisation to […]