Corporate Meetings
February 12, 2025
Personality development refers to enhancing an individual’s personality for him to stand apart from the rest and make a mark of own. An individual with a pleasing personality is respected and appreciated by all. Freud’s Psychoanalytic theory of Personality Development According to Freud’s psychoanalytic theory of personality development, there are two basic factors which drive […]
Globalization and Parochialism Concomitant with the globalization of the world there has emerged a trend wherein in countries around the world, parochial interests and chauvinistic interests have emerged as a response to the globalization process. This emergence has mainly been due to the fact that globalization benefits a few at the expense of the many […]
The Basel norms suggest that organizations assess their own credit risk internally. In order to do so, they are required to calculate the probability of default, exposure at default, and loss given default. The loss given default is the amount of money that is not recovered in the event of a default. Earlier financial statistical […]
In case of traditional co-located teams, pizza parties, lunch/dinner outings etc. are common approaches to celebrating team success while cash or non-cash awards such as public appreciation, customized merchandise or certificates are used to recognize individual performance. But when the teams are globally distributed, it becomes a challenge to reward and recognize their triumphs in […]
Under normal circumstances, a reinsurance company operates as a partner with its ceding insurance company. The reinsurance company wants to ensure that good service is provided to the insurance company and that losses are shared as per the contract. The reinsurer has a vested interest in providing customer service i.e. the reinsurer expects the ceding […]
Effective communication is a part and parcel of any successful organization.
A communication should be free from barriers so as to be effective. Communication is a two way process where the message sent by the sender should be interpreted in the same terms by the recipient.
The characteristics of effective communication are as follows:
Use of jargons should be minimized because it might lead to misunderstanding and misinterpretations. The message should be modified according to the needs and requirements of the targeted audience.
The message is reinforced by using different channels and there are less chances of deformation of message.
The managers can use grapevine to deliver formal messages and for identification of issues which are significant for the employees. The managers can get to know the problems faced by the employees and can work upon it.
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