Introduction Human beings are one for the major components of any organizational/ institutional ecosystem. The capacity and ability of humans to perform and to manage, determine the extent of the organization. Humans acquire the capacity and ability to perform from continuous learning and experience. Later, we, humans, carry forward this learning and understanding in managing … Read more
Bankruptcy is the legal proceeding involving a person or business that is unable to repay outstanding debts. It offers an individual or business a chance to start fresh by forgiving debts that simply cannot be paid while offering creditors a chance to obtain some measure of repayment based on the individual’s or business’s assets available … Read more
Investment Investment can simply be defined as the act of investing cash or monetary instruments for a future return. It consists of two major components; Time and Risk. As defined previously, one makes a certain investment in the present for some uncertain return in future. Objective of Investment Speculation Speculation involves investment but has a … Read more
Introduction An Enterprise is a business-oriented organization formed especially so founders can pursue entrepreneurial endeavors for a profit. An enterprise has the purpose of attracting customers, selling goods and services and earning profit. Entrepreneurship refers to the process of creating a new enterprise and bearing any of its risks, with the view of making a … Read more
Development refers to enhancing an existing potential or asset through the process of learning and application. It is a process of evolving one’s skills in a systematic manner. Entrepreneurship development is the process of improving the skills and knowledge of entrepreneurs through various training and classroom programs. The whole point of entrepreneurship development is to … Read more
What is money? Describe different forms of money with examples. Why is paper money advantageous? Money is an economic unit which is recognized as a medium of exchange for transactional purposes in an economy. It is widely accepted as a means of payment. Money serves three basic functions: A medium of exchange The exchange of … Read more
AMARTYA SEN Amartya Kumar Sen is an Indian Economist born on 3rd November 1933 in Santiniketan, India. Mr. Sen studied at Presidency College and Calcutta and then completed his higher degree from Trinity College in Cambridge. Mr. Sen has made contributions to welfare economics, social choice economics, economic theories of famines, decision theory, development economics … Read more
Introduction Professor Douglas McGregor first explained the “Theory X and Theory Y” in his book ,”The Human Side of Entreprise” in 1960. Theory X and Theory Y presents the contrasting model of human behaviours and workforce motivation. This rise to two management style: Both management styles reflect different human behaviours and approaches to motivation. Theory … Read more
Different businesses can be at different stages of operation in a business lifecycle. Generally, there are four stages of business operation. They are: These phases of business are determined by the sales it makes over the years. All these stages have some common characteristics related to investment, sales, cost, demand and product life stages. Merger … Read more
Introduction Open Banking is another lead in the modern financial ecosystem. Open banking is a banking practice where data is exchanged in the financial ecosystem using application programming interfaces (APIs). APIs is a set of codes that allows two pieces of software to connect to each other for exchanging messages or data or information in … Read more