Accounting for Reinsurance Contracts
Reinsurance contracts tend to be very complicated. As we have already studied in the previous articles, a wide variety of complicated structures with various cash flow probabilities are associated with reinsurance contracts. Hence, it needs to be understood that the complicated nature of these reinsurance contracts sometimes ends up creating complicated accounting policies as well. […]
Why Do Some Business Leaders Attain Greatness Whereas Others Fail?
What Makes Some Business Leaders Truly Great? Business Leaders such as Bill Gates of Microsoft, the Late Steve Jobs of Apple, Mark Zuckerberg of Facebook, Larry Paige and Serge Brian of Google, Warren Buffet of Hathaway Berkshire, and closer home, NR Narayana Murthy are known around the world as great persons who exemplified the best […]
Preventing Conflict – How to avoid Conflict?
A difference in the opinions, values, understandings and thought processes of individuals lead to a conflict. When individuals strongly oppose each other’s ideas and concepts, a conflict starts. It has been observed that when people think in dissimilar ways and are not willing to compromise at all, conflict arises. Conflict can start anytime and at […]
Benefits of Time Management
Time Management refers to making the best possible use of available time. Managing time well enables an individual to do the right thing at the right time. Time Management plays a pivotal role in one’s personal as well as professional life. Let us go through some benefits of Time Management: Time Management makes an individual […]
Different Types of Communication
Let us now go through the various types of communication: Verbal communication Verbal communication is a type of communication where the information flows through verbal medium like words, speeches, presentations etc. In verbal communication the sender shares his/her thoughts in the form of words. In organizations, individuals communicate verbally among each other in the form […]
The motivation concepts were mainly developed around 1950’s. Three main theories were made during this period. These three classical theories are-
These theories are building blocks of the contemporary theories developed later. The working mangers and learned professionals till date use these classical theories to explain the concept of employee motivation.
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