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 […]
Why should you choose to be self-employed?
“If you don’t build your dreams, someone will hire you to help build theirs”– Tony Allen Gaskins, Jr. Self-employment is attractive as it empowers you and helps you build on your ideas. However, whether self-employment is right for you or not is another question. To take an informed decision, it is imperative to consider certain […]
Business structures and success factors
When an individual or a group of individuals team up to achieve certain goals which are commercial in nature we consider them to be a business organisation. The business organisation may or may not be created for profit, and a non-profit organisation, solely created for the purpose of raising money and resources, to help in […]
Explain and evaluate the learning organisation model
To understand learning organisation and to be able to define it is by any measure, a challenging pursuit. First, there are no agreed upon definition of this concept, the term is mostly contested at different levels of an organisation. The publication of Peter Senge’s book ‘The Fifth Discipline: The Art and Practice of the Learning […]