Organization theory may be defined as the study of structure, functioning, performance of the organization, and the behaviour of the groups and individuals working in the organization.
In our daily lives, we constantly make decisions about buying products and services. Whether it’s choosing a smartphone, selecting a restaurant for dinner, or investing in stocks, we often hear the terms “value” and “price” used interchangeably. However, these two concepts are fundamentally different, and understanding Value vs. Price can significantly improve our decision-making abilities in both personal and business contexts.
Operational Risk Management (ORM) is an essential aspect of any organisation’s strategy for minimizing unexpected disruptions. It is a process that managers and business analysts use to reduce the financial risks that daily business operations may cause. Unlike economic or market risks, which are often easier to quantify, operational risks cover a broad spectrum, from system failures and human errors to natural disasters.
Authority and responsibility are critical concepts in any leadership role, influencing the way organizations function and how individuals contribute to achieving shared goals. While authority grants the power to make decisions and direct actions, responsibility ensures accountability for those decisions.
Product management is a dynamic and multifaceted discipline at the intersection of business strategy, user experience, and technology. It involves guiding a product from conception to launch and ensuring its success throughout its lifecycle.
Business turnover, also known as sales revenue, is the total income a company generates from selling its products or services. It’s a key metric used to assess a company’s financial health and performance.
Depreciation is the gradual reduction in the value of an asset over time because of wear and tear, obsolescence, or other factors. It’s a financial accounting concept that reflects the economic reality that assets ultimately lose their usefulness or become less valuable.
At its core, industrial relations is about achieving a balance. It strives to create a workplace environment that fosters cooperation and productivity, while ensuring the fair treatment and well-being of employees.
Marketing communication is the process of building and maintaining relationships with customers through various channels. It involves conveying information about a product or service to potential and existing customers, with the goal of influencing their thoughts, feelings, and behaviors.
DVR shares are a class of equity that deviates from the norm in terms of voting rights. Unlike their ordinary share counterparts, DVR shares imbue shareholders with voting power that can be either amplified or diminished. The specific allotment of voting rights hinges upon the terms established by the company during the issuance of these shares.
