Different Types of Economic Systems
What is an Economic System? Any system that involves the mechanism for production, distribution, and exchange of goods apart from consumption of the goods and services within the different entities can be classified as an Economic System. The various kinds of economic systems and their classifications broadly follow the methods by which means of ownership […]
Team Work – Meaning and Tips for better Team Work
A single brain sometimes is not capable of taking critical decisions alone. An individual needs the support and guidance of others to come out with an effective solution. When individuals come together on a common platform with a common objective of accomplishing a task, a team is formed. Ideally the team members should be from […]
Importance of Communication in an Organization
Effective Communication is significant for managers in the organizations so as to perform the basic functions of management, i.e., Planning, Organizing, Leading and Controlling. Communication helps managers to perform their jobs and responsibilities. Communication serves as a foundation for planning. All the essential information must be communicated to the managers who in-turn must communicate the […]
Meeting Etiquette – Codes of Conduct while attending Meetings
Etiquette refers to good manners required by an individual to find a place in the society. It is important for an individual to behave appropriately in public to earn respect and appreciation. One must learn to maintain the decorum of the work place. It is important to respect one’s organization to expect the same in […]
Why we Need more Emotionally Intelligent Leaders and Managers in Chaotic Times
What is Emotional Intelligence and Why we need more High EQ Leaders and Managers Emotional Intelligence is defined as the art and science of managing one’s emotion and that of the others. Emotionally Intelligent individuals are those who are good at controlling their emotions and learning to defer gratification till the work is done, empathise […]
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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