Risk Management as a Profession
Risk management has evolved from being just a discipline to a full-fledged profession that lots of people are choosing these days. Reason, the discipline has become wider and has assumed manifold dimensions making it a crucial function in organizations these days. No wonder there is an increasing number of universities that offer specialized courses on […]
Hands on Approach to Leadership: The Need for Leaders to be Good Administrators
Need for Modern Day Leaders to Adopt a Hands-on Approach It is often assumed that leadership is all about having a vision and then, implementing the vision by delegating work and components of the plan appropriately to the subordinates. Further, it is also thought that leaders should engage in planning and drawing up high-level aspects […]
Impact of Using Poor Quality Data and Metrics to Measure Data Quality
In the previous article, we have understood why data quality is important in the field of risk management. We also had a closer look at the various characteristics which constitute data quality as well as the processes that need to be put in place in order to manage data quality. In this article, we will […]
Cultural Dimensions of Leadership
Introduction Leadership in organizations is dictated and determined according to a variety of reasons and factors including personality, cultural, and country and regional aspects. Among the various factors, the cultural dimension of leadership is often not highlighted as it is taken as a given. However, with globalization and the advent of tighter integration and interconnectedness, […]
How Great Leaders Transform Organizations, Nations, Societies, and the World
What Makes Some Leaders Truly Transformational and Exceptional? There is a difference between leadership and management. Similarly, there is a difference between leadership and outstanding leadership. The point to note here is that leaders and managers differ in a number of crucial ways. For instance, leadership is all about having a vision and then actualizing […]
Individuals have a tendency to think and question before performing. This is fruitful in analysis and forecasting of individual’s behaviour.
Individual decision making has certain pros and cons, few of which are mentioned below:
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