Articles on Organizational Behaviour

Decision Making – Meaning and Important Concepts

Every organization needs to make decisions at one point or other as part of managerial process. Decisions are made in...

Introduction to Group Behavior in Organizations

Introduction Humans are social animals and hence, form groups wherever they are. This is true for organizations as well as...

What is Interpersonal Relationship ? – Meaning and Important Concepts

A strong bond between two or more people refers to interpersonal relationship. Attraction between individuals brings them close to each...

An Introduction to Agile Business – Business Agility

Have you ever wondered how companies like Google, Facebook, Apple and Twitter reached their current status in just few years?...

Introduction to Psychology

The term ’Psychology’ has been derived from two Greek words ’Psyche’ which means life and ’logos’ which means explanation. Psychology...

Leadership Basics – Meaning, Characteristics, Theories, Qualities and Useful Articles

What is Leadership Leadership is a process by which an executive can direct, guide and influence the behavior and work...

Managerial Communication – Meaning and Important Concepts

Why do individuals need to communicate with each other ? Information if not shared is of no use. Communication plays...

An Overview on Negotiation – Meaning, Skills and its Elements

Let us first go through a real life situation to understand negotiation better. Your friends want you to come for...

Non Governmental Organizations – Introduction to the Non-Profit Sector

The decades starting with the 1990s witnessed the proliferation of a new kind of sector among the various agencies and...

Understanding Organization and Organization Culture

What is an organization ? An organization is nothing but a common platform where individuals from different backgrounds come together...

Organization Management – Meaning, Need and its Features

A set-up where individuals from diverse backgrounds, different educational qualifications and varied interests come together to work towards a common...

Introduction to Organizational Diversity – Meaning and Important Concepts

We often hear the term “diversity” bandied about in our everyday usage. Usually, when we come across the term, it...

Personality and Personality Development – An Overview

Every individual has his own characteristic way of behaving, responding to emotions, perceiving things and looking at the world. No...

Definition, Scope and Importance of Political Science

Overview and Definition of Political Science Political science is that branch of the social sciences that studies the state, politics,...

What is Public Relations – An Overview

PR or public relations is nothing but the practice of protecting as well as enhancing the reputation of any particular...

Public Speaking – An Overview

Public Speaking is defined as the process of communicating with a large group of audience. Let us understand the meaning...

Risk Management – A Basic Understanding

Literally speaking, risk management is the process of minimizing or mitigating the risk. It starts with the identification and evaluation...

Time Management – Meaning and its Importance

It is rightly said “Time and Tide wait for none”. An individual should understand the value of time for him...

Understanding Communication and the Communication Process

Lisa works as a Brand Executive with a reputed multinational firm. She was asked to deliver a presentation on her...

Understanding Conflict in Work – Meaning, Phases, Resolutions

Whenever two individuals opine in different ways, a conflict arises. In a layman’s language conflict is nothing but a fight...

Understanding Team – What is a Team?

Let us first go through a simple real life situation. John was working as a key accounts head with a...

Value and Ethics in Business – A Basic Understanding

Values and ethics in simple words mean principle or code of conduct that govern transactions; in this case business transaction....

Virtual Team – Origin, Definition and its Scope

In today’s fast pace world, we all lead a virtual life parallel to an actual one. The regular live chats...

Etiquette – Meaning, its Need and Types of Etiquettes

What Makes Human Beings Different from Animals ? Answer – It is the way they carry themselves in the society....

What is Public Administration? – Meaning and its Definition

Public administration is like any other administration which is carried out in public interest. Before we dwell deeper into understanding...

What is Motivation? – How to Inspire Peak Performance

Motivation is the word derived from the word ’motive’ which means needs, desires, wants or drives within the individuals. It...

Workplace Politics – Meaning and Reasons for Office Politics

A setup where individuals from diverse backgrounds, different educational qualifications and varied interests come together to work towards a common...

What is Workplace Violence and How to Deal with it

Workplace violence is easily the most misunderstood concept in the contemporary organizational context. This is because the term is misleading...

Benefits of Reinsurance

The concept of reinsurance is fairly simple. When a person takes on insurance, they transfer their risks to the insurance...

Business Dressing Etiquette

It is rightly said that “a man is known by his dress and address”. Donning the right business attire will...

What is Business Communication

Communication is neither the transmission of a message nor the message itself. It is the mutual exchange of understanding, originating...

Change Management – Meaning and Important Concepts

The business landscape of the 21st century is characterized by rapid change brought about due to technological, economic, political and...

Crisis Management – Meaning, Need and its Features

What is Crisis ? A sudden and unexpected event leading to major unrest amongst the individuals at the workplace is...

Different Types of Communication

Let us now go through the various types of communication: Verbal communication Verbal communication is a type of communication where...

Fundamentals of Business Agility

Volatility is most likely to remain constant and so is change. The market turbulence has posed challenges to most businesses...

Some Pointers on How to Avoid Workplace Violence

The previous articles in this module introduced the phenomenon of workplace violence with some contemporary examples. This article provides some...

Importance of Ethics

Most of us would agree that it is ethics in practice that makes sense; just having it carefully drafted and...

Importance of Personality Development

An individual’s personality refers to his/her appearance, characteristics, attitude, mindset and behavior with others. Let us go through the importance...

Importance of Leadership

Leadership is an important function of management which helps to maximize efficiency and to achieve organizational goals. The following points...

Key Differences Between Insurance and Reinsurance

When we define reinsurance, we often say that is a type of insurance for insurance companies themselves. This statement gives...

Major Perspectives in Psychology-Psychodynamic Approach

The Psychodynamic Perspective: As per the Psychodynamic approach, human behaviour is an outcome of the role played by various psychological...

Management Style – Meaning and Different Types of Styles

The art of getting employees together on a common platform and extracting the best out of them refers to effective...

Maslows Need Hierarchy Model

Download PPT for Complete Course on Maslow Need Hierarchy Model Total Slides: 49 Human behavior is goal-directed. Motivation cause goal-directed...

Models of Negotiation

Negotiation is defined as a discussion among individuals to reach to a conclusion acceptable to one and all. It is...

The Need for Change Management

In the contemporary business environment, organizations fight the battle of competition by building their adaptive capabilities and preparedness for coping...

Management of Nonprofit Organizations

Management of Nonprofits By definition, the nonprofit sector operates in the humanitarian goals and objectives space. This means that many...

Benefits of Organizational Diversity

Why do you think an individual is recruited? Is it because he/she is qualified enough to do justice to a...

Political Science and Other Social Sciences

Political Science and Other Social Sciences As mentioned in the introductory article in this module, political science is the systematic...

Power and Politics in Organizations

Power and Politics in Organizations Power and politics in organizations are a reality that no organization can ignore. Though the...

Nature and Scope of Public Administration

Bureaucracy is not an obstacle to democracy but an inevitable complement to it. Joseph A. Schumpeter The above quote by...

Reasons for Office/Workplace Politics

Politics arises when employees try to gain something which is beyond their control by tarnishing their colleague’s reputation. It has...

Role of Communication in Effective Public Speaking

Communication plays an essential role in public speaking. There is a difference between speaking to someone in private and connecting...

Stages in Interpersonal Relationships

Interpersonal relationship refers to a strong association between individuals sharing common interests and goals. A sense of trust, loyalty and...

Team Development – Meaning, Stages and Forming an Effective Team

Teams are becoming a key tool for organizing work in today’s corporate world. Teams have the potential to immediately amass,...

Benefits of Time Management

Time Management refers to making the best possible use of available time. Managing time well enables an individual to do...

Types of Crisis

Crisis refers to sudden unplanned events which cause major disturbances in the organization and trigger a feeling of fear and...

Types of Managerial Communication

Managerial communication refers to interaction among managers and their subordinates within an organization. It is essential for managers to communicate...

Types of Organization Culture

The practices, principles, policies and values of an organization form its culture. The culture of an organization decides the way...

Virtual Teams vs Traditional Teams

In the current hypercompetitive and fast-paced times, many innovations become obsolete before they could leave RD labs and see the...

What is Decision Making?

Decision-making is an integral part of modern management. Essentially, Rational or sound decision making is taken as primary function of...

Benefits of Risk Management

Risk management is a significant expense for any company. There are several skilled professionals that need to be recruited and...

Communication and Public Relations

Public relations refers to the practice of enhancing an organization’s reputation in the eyes of public, stakeholders, employees, investors and...

Components of Communication Process

Communication is a process of exchanging verbal and non verbal messages. It is a continuous process. Pre-requisite of communication is...

Conflict at Workplace – Why Conflict Should be Avoided ?

Differences in interest, thought process, perception as well as need lead to a conflict. When individuals do not agree to...

Importance of Corporate Dressing

Corporate dressing refers to the art of dressing formally and correctly. Corporate dressing helps an individual to dress according to...

Corporate Etiquette – Dos and Donts

It is essential for every individual to behave in a socially acceptable way. Etiquette refers to good manners which help...

Decision Making in an Organizational Context

Decision making is part of everyone’s life and all of us have to make decisions every moment. Right from choosing...

Difference between Communication and Effective Communication

Boss to his employee -“I want you to bring the file to my table”. The boss left the poor employee...

The Global Political Economy and its Evolution through the Decades

The Evolution of the Global Political Economy The global political and economic system has undergone many changes over the last...

How Inflation Impacts Reinsurance

The key economic theme which has dominated virtually all of the economic discourse in 2022 has been inflation. Countries around...

How to Build an Agile Business ?

Constant change is a norm in today’s fast-paced business environment. It’s become important for companies to respond almost immediately, in...

Importance of Organization Culture

A common platform where individuals work in unison to earn profits as well as a livelihood for themselves is called...

Importance of Public Relations Experts

Public relations refers to the practice of enhancing an organization’s reputation and image in the minds of target audience through...

Kinds of Change and the Barriers to Change

There are different kinds of change that an organization might undertake or be forced to undertake because of internal and...

Management Skills – Leadership Skills for Efficient Functioning of an Organization

The success and failure of an organization is directly proportional to the effectiveness of the management. The superiors must share...

Barriers to Effective Managerial Communication

Managers need to interact with each other as well as with their team members on a regular basis not only...

Motivation Incentives – Incentives to motivate employees

Incentive is an act or promise for greater action. It is also called as a stimulus to greater action. Incentives...

Non-Profits: Global Justice

The previous articles in this module discussed the various aspects connected with the non-profits and how they link together with...

Office Politics and Organizational Dynamics

Politics is inevitable wherever there are groups of people and wherever there are blocs of people competing for the same...

Oral Communication – Meaning, Advantages and Limitations

Oral communication implies communication through mouth. It includes individuals conversing with each other, be it direct conversation or telephonic conversation....

Personality Development Tips

Let us go through some tips for enhancing one’s personality: Smile a lot- Nothing works better than a big smile...

Preparing for Public Speaking

The art of connecting to a large audience refers to public speaking. In today’s fast paced world where everybody is...

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...

Principles of Risk Management

Various organizations have laid down principles for risk management. There are risk management principles by International standardization Organization and by...

Important Questions in Psychology and the Challenges to the field of Study

Nature and Nurture Relationship or Interdependence: This is one of the most crucial areas of the Psychologists ever since the...

Public Administration: An Art or a Science

At a first glance it seems easier to accept public administration as an art. It is just the administration of...

Role of Management in Managing Organizational Diversity

Organizational diversity enables individuals from diverse backgrounds, religions, communities, age groups, experiences, educational qualifications and so on to work on...

Role of a Leader in an Organization

Following are the main roles of a leader in an organization: Required at all levels- Leadership is a function which...

Sources of Business Ethics

Ethics in general refers to a system of good and bad, moral and immoral, fair and unfair. It is a...

Team Management – Meaning and Concept

There are some tasks which can’t be done alone. Individuals need to come together, discuss things among themselves and work...

Time Management Techniques

Time management refers to the judicious use of time for achieving success in life. Time Management helps an individual to...

Different Types of Interpersonal Relationships

When two individuals feel comfortable in each other’s company and decide to be with each other, they enter into a...

Types of Negotiation in Corporates

The dialogue between individuals to come to a common conclusion benefiting all is called as negotiation. Negotiation refers to the...

Virtual Teams – Myths and Realities

With an aim to leverage on the global talent, virtual teams are becoming the norm for team work in most...

The Impact of Culture on Group Behavior

Culture and Group Behavior It is a known fact in management theory and practice that culture has a direct impact...

Clothing Etiquette/Dress Code

Etiquette helps human beings to behave in a socially responsible way. Etiquette helps you gain respect, trust and appreciation from...

Corporate Dressing for Men – Tips to Dress Correctly at WorkPlace

Most organizations expect their employees to dress well. One needs to dress appropriately as per the work culture for a...

How Corporates Must Handle the Wave of #MeToo Allegations and Their Fallout

The #MeToo Movement Reaches India and Spreads Worldwide In recent weeks, the #MeToo movement, which encourages women to “speak up”...

Crisis Management Model

Crisis refer to unplanned events which cause harm to the organization and lead to disturbances and major unrest amongst the...

Effect of Politics on Organization and Employees

What is Politics ? Employees who do not believe in working hard depend on nasty politics to make their position...

Effective Team Management Skills

Management is essential in every walk of life. Even what we eat should be managed. You just can’t put anything...

Ethics and Professionalism for NGOs

While the NGO or the Non Profit sector is founded on the premise that they would propagate sustainable and equitable...

Factors affecting Interpersonal Relationship

Interpersonal relationship refers to individuals with similar tastes and mindsets entering into an association. Individuals who share identical goals and...

Factors Affecting Organization Culture

Culture represents the beliefs, ideologies, policies, practices of an organization. It gives the employees a sense of direction and also...

Freuds Psychoanalytic Theory of Personality Development

Personality development refers to enhancing an individual’s personality for him to stand apart from the rest and make a mark...

Importance of Motivation

Motivation is a very important for an organization because of the following benefits it provides: Puts human resources into action...

Individual Decision Making – Pros and Cons

Individuals have a tendency to think and question before performing. This is fruitful in analysis and forecasting of individual’s behaviour....

Interacting with Co-Workers

It is essential for an individual to behave in a socially acceptable way. Etiquette helps an individual to be different...

Management by Objectives (MBO) – Meaning, Need and its Limitations

An effective management goes a long way in extracting the best out of employees and make them work as a...

Tips for Effective Managerial Communication

It is essential for employees to communicate effectively with each other for better understanding as well as increased productivity at...

Organizational Diversity: Ideal vs Practice

The previous articles introduced the concept of organizational diversity and how the various supporting laws and regulations square up against...

Pre-Requisites for Successful Change Management

Change Management in an organization aims at realizing the strategic goals and improving an organization’s preparedness for meeting both internal...

Psychology as a Science and the use of Scientific Methods in Psychological Research

Psychology as a field of study has evolved considerably over last few years with different perspectives, approaches and research interests...

Public and Private Administration

The expansion of public sector into industrial enterprises has been into practice for quite some time, a little over half...

Public Relation Skills

Public Relations experts ought to possess the following skills for a highly successful and rewarding career. Excellent Writing Skills A...

Qualities of a Leader

A leader has got multidimensional traits in him which makes him appealing and effective in behavior. The following are the...

Understanding the Risk Management Process

In order for businesses to run smoothly, risks need to be identified and managed. This is especially true in our...

Role of Effective Communication in Organization and Personal Life

Effective communication plays an important role not only in organization but is equally important in personal life. Role in Organization...

Role of Effective Public Speaking in Career Growth

Public Speaking refers to the art of communicating with a large audience. Public speaking definitely plays an important role in...

Time Management Skills

The judicious use of time by an individual to succeed in all aspects of life refers to Time Management. Time...

Different Types of Virtual Teams

Many organizations turn to virtual teams to reduce operational costs, faster problem solving and innovate. Depending on the temporal distribution,...

Power: Its uses and Abuses in the Practice of Political Science

The Uses and Abuses of Power No discussion on political science is complete without a study of how power is...

Why Workplace Bullying is Real and How Organizations Can Tackle This Menace

What is Workplace Bullying and how it is Different from Sexual Harassment More often than not, we hear about organizations...

How to prepare for Win Win Negotiation ?

A discussion among individuals to reach to an alternative which involves the interest of all the participants is termed as...

Basic Workplace Ethics for an Organization

Let us go through some workplace ethics: Rules and regulations ought to be same for everyone. Everyone needs to attend...

Written Communication – Meaning, Advantages and Disadvantages

Written communication has great significance in today’s business world. It is an innovative activity of the mind. Effective written communication...

Climate Change and Reinsurance

Climate change is a burning issue in 2022. There is not even an iota of doubt that climate change affects...

Conflict Management – Understanding conflict & how to prevent it

The dissimilarity in the interests, thought processes, needs, attitudes of individuals result in a conflict. It is defined as a...

Corporate Dressing for Women – Tips to Dress Correctly at WorkPlace

It is often observed that female professionals do not bother much about the clothes they wear to work. Never overlook...

People and Agility: Creating an Agile Workforce

Change is invariable and undeniable. Product lifecycles have shortened. Geographical boundaries are diminishing. Technology advances in the blink of an...

Crisis Management Plan

Crisis refers to a sequence of unwanted events leading to major disturbances and uncertainty at the workplace. Crisis is an...

Diversity and Inclusivity as a Value Based Imperative

Diversity and inclusivity in organizations have to be practiced instead of being preached. This is because they are concepts that...

How to Win at Workplace Politics

Irrational behavior of an individual against his colleague to tarnish his image and spoil his reputation at the workplace refers...

Importance of Character in Personality Development

Let us first understand what does character mean? Character refers to the sum of an individual’s qualities and characteristics which...

Importance of Negotiation in Corporates

Negotiation is nothing but a discussion among individuals to find out an alternative which takes into account the interest of...

Importance of Workplace Ethics

Workplace ethics ensures positive ambience at the workplace. Workplace ethics leads to happy and satisfied employees who enjoy coming to...

Leadership and Control

A set up where individuals from different backgrounds, educational qualifications and varied interests come together on a common platform to...

Leadership and Management – Relationship & Differences

Leadership and management are the terms that are often considered synonymous. It is essential to understand that leadership is an...

Skills Required for Effective Managerial Communication

An individual needs to possess certain skills for effective managerial communication. Let us go through various skills required for effective...

Motivation and Morale – Relationship and Differences

Morale can be defined as the total satisfaction derived by an individual from his job, his work-group, his superior, the...

Non Verbal Communication – Actions Speak Louder than Words

Scenario 1 – You are sitting in front of an interview panel with arms crossed. So far you have not...

Overcoming Barriers to Change

Research has shown that the best way to get the senior managers at all levels interested in the change initiatives...

Overview of Phonetics, Homophones and their Importance in Effective Communication

To emerge as a winner and stand apart from the crowd in today’s fierce competitive world, an individual must have...

The Political System – Meaning and Important Concepts

A Pillar of Democracy The political system in any country is that part of the state apparatus that is in...

Risk Identification and Assessment – HR Issues

The organizational game is changing fast these days. The HR manager today acts as an associate with line management to...

Role of Confidence and Attitude in Public Speaking

Confidence and attitude play an essential role in public speaking. One needs to be confident in front of his/her audience...

Telephone Etiquettes to Improve Communication

What are Telephone Etiquettes ? Telephone is an important device with the help of which people separated by distance can...

Time Management in Corporates – Need and its Importance

Time Management refers to making the best possible use of time and doing the right thing at the right time....

Types of Public Relation Tools/Activities

Organizations hire public relations experts to position themselves strongly in the minds of target audiences, investors, stakeholders, employees and all...

Advantages and Disadvantages of Virtual Teams

Virtual team is an emerging new-age trend with followers across business sectors. Just like any other new trend, virtual team...

Woodrow Wilsons Vision on Public Administration

Woodrow Wilson was the 28th President of USA (1913-1921) and is often addressed as the father of American Public Administration....

What is Learned Helplessness and How it Harms the Victims of Workplace Discrimination

What is Learned Helplessness and How it Prevents Women from Speaking Out It is a known fact that most organizations...

Advocacy and Volunteerism: Differences and Similarities

Difference between Advocacy and Volunteerism Non-profits across the world are divided into those that are advocacy oriented and those that...

The Behavioural Approach and its application in Management field

The Behavioural Approach came into existence during early twentieth century as a response to the then much discussed about Psychoanalytic...

Being Agile, Being Future-Proof

Current is the era of a new breed of enterprises – startups that can easily disrupt big existing companies. While...

Catastrophe Modelling: Meaning, Components & Types of Losses

Reinsurance companies have to pay out large sums of money in claims if and when a catastrophe occurs. Each time...

Changing Organizational Culture

A common set up where individuals from different back grounds, educational qualifications, interests and perception come together and use their...

Characteristics of a Good/Effective Team

Success in the workplace depends on your ability to build a team, as well as to interact with others on...

Role of Communication in Interpersonal Relationship

Communication is said to be the basis of every interpersonal relationship. Infact effective communication is the key to a healthy...

Conflict Management Skills

Conflict management plays a very important role in preventing conflicts among individuals. How does a conflict arise? When individuals strongly...

The Process of Corporate Decision Making

Corporate decision making happens at various levels in organizations and can be top down or bottom up. The difference between...

Corporate Dressing and Personal Grooming

Corporate dressing refers to sensible dressing at work place which helps an individual to make a mark of his/her own...

Crisis Communication – Meaning, Need and its Process

Crisis refers to sequence of unwanted events at the workplace which lead to disturbances and major unrest amongst the individuals....

Organizational Diversity – Fostering an Inclusive Environment

The question that is uppermost on business leaders’ mind is how to foster an inclusive environment as the current environment...

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,...

Importance of Conflict Management – Why Conflict Management?

A conflict arises when individuals have varied interests, opinions and thought processes and are just not willing to compromise with...

Importance of Negotiation in Daily Life

Conflict has never benefitted anyone, instead it adds to one’s tensions and anxiety. It is better to discuss things and...

How to Improve Interpersonal Relationship at Workplace ?

An association between individuals working together in the same organization is called interpersonal relationship. An individual spends around seven to...

Interview Etiquette – Codes of Conduct for Interviews

Etiquette refers to good manners which help transform a man into a gentleman. An individual must behave well in public...

Leader versus Manager

“Leadership and managership are two synonymous terms” is an incorrect statement. Leadership doesn’t require any managerial position to act as...

New Public Management Model

The term new public management was coined by scholars from UK and Australia (Hood 1991 and Hood and Jackson 1991),...

The Observe Orient Decide Act (OODA) Loop and Decision Making

An important concept in the field of decision making is the OODA Loop or the Observe-Orient-Decide-Act loop. This refers to...

Political Systems Around the World

Different Political Systems around the World There are many different types of political systems around the world. Whereas the political...

Non-Profits: Program Evaluation and Monitoring

The need for program evaluation and monitoring Though the non-profits sector is not a sector where each pie of money...

Models of Public Relations

Models of public relations were proposed by James E. Grunig, a noted public relations theorist who has to his credit...

Reasons for Failure of Virtual Teams

Last year Bob Stuart was given the ‘Best Team Leader’ award because his team had delivered all the milestones accurately...

Various Aspects of Risk Management

What does risk management mean? Is it just identification, assessment and planning and controlling social, economic or physical threat to...

Role of Management in Inculcating Workplace Ethics

Management plays an essential role in inculcating workplace ethics in employees. Bosses need to set an example for their subordinates....

Role of Managers in Inculcating Time Management Skills in Employees

Do you find it difficult to complete assignments on time ? “Remember time once gone never comes back.” Doing the...

The Role of Senior Managers as Barriers to Change

It is often the case that when change programs are initiated in firms, there is a level of resistance from...

Staff Motivation – Motivation Tips for Employees

Employees are the building blocks of an organization. Organizational success depends on the collective efforts of the employees. The employees...

Team Models – Different types of teams

Teams are the principal building blocks of the strategy of successful organizations. The focus of your organization may be on...

Personality Types – Different Types of Personality

Let us go through the following personality types: The Duty Fulfiller – Such individuals take their roles and responsibilities seriously...

Ways to Reduce Politics at the Workplace

Employees indulge in politics to win appreciation from the superiors and tarnish the reputation of the fellow workers. Individuals who...

What is Organization Development ? – Six Step Model to Understand Organization

A set up which brings together individuals from different backgrounds, varied interests and specializations on a common platform for them...

Role of Dressing in Public Speaking

Dressing plays an essential role in public speaking. It is the way you dress which speaks volumes about your personality...

Role of Managerial Communication at Workplace

Communication in true sense is the lifeline of every organization. Individuals irrespective of their designation and level in the hierarchy...

Adjusting to Changing Organization Culture

The work culture represents the ideologies, principles, policies and beliefs of the organization. The individual’s style of working, his behaviour...

Building an Emotionally Agile Workforce

“Leave your emotions at home.” Almost every working individual must have heard of this phrase. And leaders admit repeating it...

Pros and Cons of Catastrophe Modeling

Catastrophe modeling used to be considered very complex and difficult to use. Just a few decades back, most insurance companies...

Cognitive Psychology

Cognitive Psychology is another school of thought which examines the internal processes or cognition and attempts to study the thought...

Communication Theory – Meaning and Examples

Imagine a world without communication! You have a brilliant idea with you but don’t possess the power of communication. You...

Corporate Dressing for Success at Workplace

Every organization expects its employees to be well groomed and presentable. Employees need to understand that sensible dressing goes a...

Crisis Management Team – Meaning, Role and its Function

Sequence of sudden unwanted events leading to major disturbances at the workplace is called crisis. Crisis arises on an extremely...

Degree of Virtuality in Virtual Teams

Most of the discussion about the virtual teams is centered around 100% virtual teams i.e. pure virtual team. Earlier only...

How to Practice Effective Time Management at Workplace

Time Management refers to assigning specific time slots to activities as per their importance and urgency in order to make...

States: Formation, Development and Change

State Formation The previous articles discussed the basic concepts of political science including how the concepts of nation states and...

Government, Social Welfare and NGOs

A Failure of Governance The phenomenon of the NGOs or the Non Governmental Organizations entering the field of social welfare...

Ways to Overcome Organizational Crisis

Sequence of unwanted events leading to uncertainty at the workplace is called as crisis. Crisis leads to major disturbances at...

Humanistic Perspective of Psychology

Humanistic Psychology looks at the individual from a holistic perspective and lays a lot of stress on the concepts like...

Importance of Interpersonal Relationship at Workplace

Interpersonal relationship refers to a strong association among individuals working together in the same organization. Employees working together ought to...

Marketing Agility: A Step towards Acquiring Organizational Agility

Does marketing agility really make sense, or is it like another buzz word? The question itself carries sagacity because it’s...

Negotiation Skills – How to Negotiate Effectively

What is negotiation ? Negotiation is defined as a discussion among individuals, each one trying to present his best idea...

Observe Orient Decide Act (OODA) Loop Explained in Detail

We had discussed how the OODA Loop or the Observe, Orient, Decision, Action loop works in helping to make better...

Top 5 Personality Traits – The Five Factor Model

An individual’s behavior towards others, attitude, characteristics, mindset make his personality. Personality development is defined as a process of enhancing...

Reasons for Resistance to Change

Change is an important and an indispensable part of the organizational life. It is all pervasive and hence comes the...

Who are Reinsurance Brokers? – Their Compensation and Services

We now know that a reinsurance contract is a contract between an insurance company and a reinsurance company. However, up...

Approaches to Risk Management

There is a common misconception about risk management that the goal of risk management is to completely eliminate the risk...

Role of Employees in Avoiding Politics

Employees indulge in politics to save their job and gain attention without working hard at the workplace. Individuals strive hard...

Role of Employees in Organization Culture

A place where individuals from different backgrounds, religions, communities come together on a common platform to work towards a predefined...

Popular Theories of Organizational Communication

Introduction to Organizational Communication Organizational communication as a field has grown immensely in scope and depth over the last few...

Tips for Conducting Interviews

Whether it is a job interview or a follow-up interview with selected respondents who filled a survey questionnaire, it is...

Tips to Promote Workplace Ethics

Workplace ethics ensures employees are treated with utmost respect. It also leads to a sense of satisfaction among employees and...

Types of Teams – Permanent Teams, Temporary Teams, Task Force, Virtual Teams etc

When individuals with a common interest, goal, attitude, need and perception come together, a team is formed. Individuals need to...

Workplace Motivation – Carrot or Stick approach doesnt work anymore

“I am in this job because I have no other option.” If this is what an employee of your company...

Advertisements and Public Relations

Advertising and public relations are two different industries altogether. Let us carefully examine the difference between advertisements and public relations:...

Approaches to Public Administration

We have come across a number of times during our exploration of the topic, that it is somewhat difficult to...

Authority vs Leadership

The authority exercised is a kind of legitimate power and people follow figures exercising it, because their positions demand so...

Communicating Across Cultures

In these times when global corporations operate in many countries across the world, it is important for the employees in...

Communication at Workplace

Communication plays an important role in the success and failure of an organization. The art of expressing one’s ideas and...

Communication Flows in an Organization

In an organization, communication flows in 5 main directions- Downward Upward Lateral Diagonal External Downward Flow of Communication: Communication that...

Conflict Management at Workplace

A conflict arises when individuals have different opinions, thought processes, attitudes, interests, needs and find it difficult to adjust with...

Corporate Dressing for Personality Development

Corporate dressing helps an individual to dress formally according to his/her work culture. Dressing sensibly not only helps an individual...

Decision Making: How much does Hierarchy Matter?

In the contemporary business world, many companies have layers and layers of hierarchy where decisions are made at the top...

Intercultural Communication: The Hofstede Model

One of the most widely used frameworks for analyzing cultural differences is the model developed by the eminent cultural theorist,...

Importance of Employee Code of Conduct

Employee code of conduct guides individuals as to how they should behave at the workplace. Employees need to be aware...

Individual and Organizational Sources of Resistance to Change

Individual sources of resistance towards a change exist in the basic human tenets or characteristics and are influenced by the...

Internal Controls in Nonprofits

Internal Controls and the NGO Sector In previous articles, we discussed the proliferation of the NGOs or the Non Governmental...

Leadership and Motivation

Motivation is a goal-oriented characteristic that helps a person achieve his objectives. It pushes an individual to work hard at...

Managing Stress during Crisis

Crisis refers to a sequence of unwanted events leading to major disturbances at the workplace. It triggers a feeling of...

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...

Negotiation Techniques

Negotiation is referred to as the style of discussing things among individuals in an effort to come to a conclusion...

Personal Grooming Tips for Men

Personal grooming plays an essential role in enhancing one’s personality. Remember, a lot depends on your first impression. Grooming and...

Personality Disorders – Meaning and Different Types of Disorders

Personality refers to an individual’s way of interacting with people around; his behavior towards others, attitude, thought process and way...

The Phenomenon of Failed States and Consequences for the Global Political Economy

The Phenomenon of Failed States The previous articles discussed how state formation and state development takes place in the world....

Historical and Legal Approach to the Study of Public Administration

The study of History is often cited as important to understand the present as well as the future. The study...

Advantages and Disadvantages of Reinsurance Brokers

In the previous article, we have already seen what reinsurance brokers are and why they are so important to the...

Risk Management Policy

The policy of risk management is unique to every organization. Practices that may be considered acceptable in one organization may...

Role of Communication and Relationship for a Healthy Organization Culture

The ideologies, principles, rules and policies of an organization form its culture. The ways the employees interact amongst themselves and...

Role of Management in Avoiding Politics

Employees indulge in politics to make their position secure at the workplace and spoil the reputation of their fellow workers....

Self Motivation at Work

Self-motivation is a power that drives us to keep moving ahead. It encourages continuous learning and success, whatever be the...

Socio-Cultural Perspective of Psychology

Socio-Cultural perspective of psychology takes into account those larger forces emanating from the societies and cultures that affect the individual’s...

Strategies to avoid Conflicts at the Workplace

It is rightly said that organizations are individual’s first home as one spends the maximum time here. Employees must treat...

Talent Agility A Systematic Approach to Business Agility

Well, until a few years ago, talent management was just a function of HRD. And even the largest of the...

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...

Time Management Tips for Professionals

Time Management helps individuals assign correct time slots to activities as per their importance. The right allocation of time to...

Tips to Improve Interpersonal Relations at Workplace

Interpersonal relationship refers to a strong association among employees either working together in the same team or same organization. Employees...

Role of Virtual Team Members

Global Virtual Team work structure is fast emerging as the workplace reality in networked organizations. Global virtual teams (GVT) are...

Work Culture – Meaning, Importance & Characterics of a Healthy Culture

An organization is formed to achieve certain goals and objectives by bringing individuals together on a common platform and motivating...

Writing Effectively to get a Job/Potential Client

In today’s competitive world, a good writing must engage a reader. Whether it is a proposal or a resume, the...

Communication Models – Aristotle, Berlos, Shannon & Weaver, Schramms, Helical and Westley and MacLeans Model

Elements of Communication Before we delve further into understanding the different types of communication models, it is important to deconstruct...

Effective Writing for Results

While writing to a friend, colleague, client, or a business partner, the content must be clear, concise, persuasive, accurate, and...

Emotional Intelligence for Leaders

An organization is made up of people and when people are involved, emotions automatically come into play, and a workplace...

Employer Etiquette – Codes of Conduct necessary for an Employer

Etiquette refers to good manners essential for individuals to earn respect and appreciation in the society. An individual who lacks...

Ethics in Human Resource Management

Human resource management deals with manpower planning and development related activities in an organization. Arguably it is that branch of...

Four Dimensional Model of Virtual Teams

Virtual team is the new reality of 21st century workplace. Large number of HR practitioners as well as organizational leaders...

Hofstede’s Cultural Framework as Applied to China

Hofstede’s Cultural Framework The Hofstede’s framework is a measure for assessing the impact of cultural values on the workplace behavior...

How Nonprofits can Increase their Funding by Tapping into Different Sources

External Sources of Funding Though the term nonprofits refers to organizations whose motive is not to make profits, they still...

Importance of Team and Team Work

Teams are formed when individuals with a common taste, preference, liking, and attitude come and work together for a common...

Improve Your Skills through Office Politics

Work Politics in certain cases can also develop inner skills of an individual. Let us find out how office politics...

Institutional Approach to Public Administration

The instructional approach to the study of public administration concerns itself with the institutions and organizations of the State. The...

Challenges for an Effective Negotiation

When individuals find it difficult to adjust with each other, the best way is to sit together and discuss among...

Organization Ethics – Meaning and its Importance

An organization is formed when individuals from different backgrounds and varied interests come together on a common platform and work...

Techniques for Overcoming Resistance to Change and Selection of Appropriate Technique

According to Kotter and Schlesinger (1979) proposed six crucial techniques for overcoming the resistance to change. These are given below:...

Personality Development at Workplace

Personality development plays a crucial role in enhancing one’s personality. It helps an individual to develop a positive attitude and...

Role of Planning in Time Management

Time Management plays an essential role in corporates and helps employees to finish off assignments on time. Doing the right...

Reinsurance Sidecars

The basic laws of demand and supply work in the reinsurance market just as they work in other markets of...

The Rise and Growth of Modern Nation States

The Birth of the Modern Nation State In earlier centuries, it was the norm for kings to rule and kingdoms...

Role of Employees in Crisis Management

The art of managing an emergency situation at the workplace through effective planning and quick action refers to crisis management....

Setbacks of Organization Culture

What is Organization ? A common platform where individuals from different backgrounds, mentalities, educational qualifications, interests and attitudes come together...

Team Motivation – Tips for Motivating Team

A group heading towards a common objective will perform best when it is motivated as a team. Team motivation is...

Top Down Decision Making versus Bottom Up Decision Making

The previous articles touched upon the role of hierarchy in decision making. In this article, we consider whether top down...

Personal Grooming Tips for Women

Personal grooming refers to an art which helps individuals to clean and maintain their body parts. Human beings need to...

What is Agile Methodology and Its Game Changing Promise for the Digital Age

Introduction to the Agile Methodology These days, there’s much buzz around what is known as Agile Method of Working or...

Aristotle Model of Communication

Aristotle was the first to take an initiative and design the communication model. Let us first go through a simple...

The Biological Perspective of Psychology (Biopsychology)

The Biological Perspective or Biopsychology is a latest development in the field of psychology which has acquired increasing importance as...

Commonly Used Measures of Risk

The discipline of risk management has been evolving through the years. As a result, the process of measuring risk and...

Conflict Management in Groups

Differences can not only arise between two individuals but involve many individuals in a group. One has to very careful...

Managing Conflict in Interpersonal Relationship at Workplace

When two individuals have different opinions and neither of the two is willing to compromise, conflict arises. A state of...

Decision Making in Self Directed Teams

In many organizations, it is often the practice to give autonomy to many teams and let them take the decisions...

Dressing and Personality Development

Personality development helps in the overall development of an individual. An individual’s style of dressing plays an important role in...

The Dynamics between the Executive, Legislature, and the Judiciary

The Three Arms of the Modern Nation State It is commonly understood that the political economy in any country actualizes...

Employee Etiquette – Codes of Conduct necessary for an Individual at Work

Etiquette refers to good manners required by an individual to find a place in the society and gain respect and...

Ethical Issues in HR

Of all the organisational issues or problems, ethical issues are the most difficult ones to handle or deal with. Issues...

Global Financial Crisis and Organizational Change

Resistance to change is inevitable as there are many parties who stand to lose from change and apart from the...

How the Workplace of Tomorrow Would Look Like

Some Recent Trends Based on News Lately, the news emanating from the United States and India as well as from...

Importance of Team Building in Corporates

Employees are the assets of every organization and its success is directly proportional to the hard work every employee puts...

Interpersonal Relationship Development – Meaning and its Models

A strong association between individuals with similar interests and mindsets is called as interpersonal relationship. No one on this earth...

How to make a Great Presentation?

Here are few tips to ensure a great presentation… State the Objectives: A presenter must ensure that he/she understands the...

Motivational Challenges

Motivation seems to be a simple function of management in books, but in practice it is more challenging. The reasons...

Organizational Leadership

Organizations need strong leadership for optimum effectiveness. Leadership, as we know, is a trait which is both inbuilt and can...

Pros and Cons of Reinsurance Sidecars

In the previous article, we have already studied about the concept of reinsurance sidecars. We now know what reinsurance sidecars...

Recruiting a Diverse Team

The previous articles in this module discussed how diversity as a core value is important for organizations. We have also...

How to create a Risk Management Plan?

Any project immaterial of the size of the same carries a lot of risks, which may be financial, non-financial, legal...

Role of Communication in Conflict Management

The dissimilarity in the ideas and opinions of individuals result in a conflict. One needs to adjust with each other...

Role of Communication in Negotiation

Communication plays an important role in negotiation. What is negotiation ? Negotiation is nothing but a discussion among individuals to...

Role of Leaders/Managers in Crisis Management

A sequence of sudden, unplanned and unexpected events leading to instability in the organization and major unrest amongst the individuals...

Sigmund Freud-Founder of Psychoanalysis and his Theories

Sigmund Freud was born in 1856 in Austria, but lived mainly in Vienna. The founder of Psychoanalysis school of thought...

Threats to Organization Culture

What do you understand by Organization culture? Organization culture reflects the working conditions, behaviour of employees, their thought processes, beliefs...

Time Management Tips for Students

Time Management is nothing but managing time well and doing the right thing at the right time. It is essential...

Why Agile is the Way Forward for Organisations

The Business Case for Agile Organisations Each age or era in business has its own defining method of doing business....

The Advocacy versus the Activist Functions of Nonprofits

The Advocacy versus the Activist Role Non-profits around the world typically are divided into those that undertake grassroots activism and...

Behavioral Systems Approach to Public Administration

The behavioral approach to public administration owes its genesis to the Human Relations Movement of the 1930s. The movement started...

Berlo’s Model of Communication

While the Aristotle model of communication puts the speaker in the central position and suggests that the speaker is the...

Common Threats to an Organization

What do you understand by threats to an organization? Threats refer to negative influences which not only hamper the productivity...

Critical Competencies of Virtual Team Members

Virtual team environment is characterized by uncertainty, fluid membership and task complexity. It is not easy for everyone to be...

Desk Etiquette – Codes of Conduct required at the Workstation

Etiquette refers to certain rules and regulations necessary for an individual to follow to find a place in the society....

Ethics in Sales and Marketing

Markets present a clash of interest between various players. There is competition for resources, customers and price etc, which breeds...

Evaluation of a Risk Management Plan

A risk management plan can never be perfect. However, the degree of its success depends upon risk analysis, management policies,...

Gestalt School of Psychology

Gestalt school of thought viewed human behaviour and mind as a complete whole. The term Gestalt means totality, Structure, Figure...

Essentials/Features of a Good Motivation System

Motivation is a state of mind. High motivation leads to high morale and greater production. A motivated employee gives his...

Theories of Interpersonal Relationship

Interpersonal relationship refers to a strong association amongst individuals with similar tastes, aspirations and interests in life. It is essential...

Leadership Ethics – Traits of an Ethical Leader

Ethics refer to the desirable and appropriate values and morals according to an individual or the society at large. Ethics...

Managing Diversity at the Workplace

The previous articles in this module discussed the ways and means of attracting diversity and how to recruit diverse teams....

Open Door Policy – Meaning and its Advantages

An organization is a setup where individuals from diverse backgrounds, different educational qualifications, varied mentalities and temperaments join hands to...

What are Reinsurance Pools? and Different Types of Reinsurance Pools

In the previous articles, we have already studied what a catastrophe is and how it impacts the reinsurance market. Catastrophe...

Role of Attitude in Conflict Management

Conflict arises when individuals strongly oppose each other’s opinions and views and are not willing to compromise with each other....

Role of Employees in Reducing Threats to Organization

Employees are the backbone of every organization. They play a crucial role in controlling and also reducing the threats to...

The Role of Institutions in State Development

The Importance of Institutions and their Role in State Development The previous articles in this module have briefly discussed the...

Role of Personality in Negotiation

An impressive personality goes hand in hand with good communication for an effective negotiation. A charming personality is the key...

Shannon and Weaver Model of Communication

Shannon and Weaver model is the most popular model of communication and is widely accepted all over the world. Let...

Team Contracts to outline the ground rules of a team

It is important for any team to make an assessment of their current strengths. This will provide the basis for...

Use of Body Language in Communication

Did you know that while in India or America a “Fantastic” or an “OK” sign is demonstrated by forming a...

Why Organizations need to Communicate Effectively During Crises

Many people think that corporate communication is all about glitzy press conferences in plush hotels and the hosting as well...

Surviving the Corporate Jungle and Winning the Power Game

Why the Corporate Journey is like a Game of Snakes and Ladders All organisations, big or small, have power centres...

The Closed and Open Models of Public Administration

The closed and open model approach to the study of public administration focuses on the organization itself. One way to...

Communication Skills and Personality Development

Personality refers to an individual’s characteristics, style, behavior, mindset, attitude, his own unique way of perceiving things and seeing the...

Why Some Organizations are Better at Driving Change ?

We live in a world where increasing complexity is the order of the day and the business landscape is characterized...

Conflict Resolution and Decision Making

Any decisions taken at any level have to take into account the conflicting needs of the individuals who are affected...

The Corporatization of the NGOs and How It Impacts Funders, Beneficiaries, and Others

The Corporatization of NGOs and the Opinions of Experts In recent years, the NGOs or the Non Governmental Organizations have...

Critical Success Factors for Virtual Teams

With more organizations realizing the higher ROI associated with the virtual work environment, virtual teams are scoring over traditional teams....

Decision Makers and the Zero Sum Game

Decision making need not necessarily be a zero sum game where one party benefits at the expense of the other....

Edgar Schein Model of Organization Culture

The term “Organization culture” refers to the values and beliefs of an organization. The principles, ideologies as well as policies...

Ethics and Production

Ethics in production is a subset of business ethic that is meant to ensure that the production function or activities...

Grapevine Communication

Download PPT for Complete Course on Grapevine Communication Total Slides: 44 Grapevine is an informal channel of business communication. It...

Human Brain, Neurons and Behaviour

Several years of research have made important advancements in explaining the functioning of human brain and explaining how biological processes...

Interpersonal Relationship Model

In today’s world nothing can be done all alone. We need people around who can help and guide us at...

Leadership Essentials for Effectively Managing Virtual Teams

The global virtual teams are characterized by team members located in different geographies and time zones with information and communication...

Leadership Strategy – Which Leadership Style to Follow?

Without an effective leadership strategy, it is believed, that the organizational strategies do not work. Best players in a team...

Organizational Change and Managing Resistance to Change

Why is Change Resisted ? Any change anywhere, be it among nations, organizations, societies, or even families is hard to...

Is the Nation State in Decline Because of Globalization ?

Global Crises Need Global Solutions Global crises require global solutions, so goes the new motto of policymakers around the world....

Office Lunch Etiquette

Etiquette refers to behaving in a socially responsible way. Etiquette teaches individuals to be civilized and create an everlasting impression...

Strategies for Organization Diversity

Let us go through few strategies for organizational diversity: Treat all individuals equally irrespective of their designation, back ground, community...

Pros and Cons of Reinsurance Pools

In the previous article, we have already seen how reinsurance pools work. We have also seen how the governments of...

Risk Treatment – Risk Response Planning

A risk treatment is mandatorily a part of an effective risk management plan. The plan here means how you respond...

Role of Emotions in Negotiation

Negotiation is defined as a discussion among individuals where everyone contributes equally to reach to a conclusion benefiting all. Lot...

Role of HR Consulting in Redesigning Organizational Structure

Organizational structure is the driving force behind the performance and growth of the organization. For an organization to achieve success...

Role of Personality Development in Reducing Stress and Conflicts

The process of enhancing one’s personality refers to personality development. An impressive personality helps an individual to make a mark...

Schramm’s Model of Communication

After learning the Shannon weaver model, let’s find out about Schramm’s model of communication which has its roots from the...

Structural Functional Approach to Public Administration

The structural functional approach to public administration is a term adapted from sociology and anthropology which interprets society as a...

Toxic Workplaces, the Harm they do, and how Organizations can Avoid Becoming One

What are Toxic Workplaces and what Characterizes Them? Workplace culture is very important for organizations to bring the best out...

Building an Effective Team

Having goals or a clear purpose is important to each of us. In fact, people who set goals are always...

Classical Theories of Motivation

The motivation concepts were mainly developed around 1950’s. Three main theories were made during this period. These three classical theories...

Tips for Conflict Management for Professionals

Conflict arises when individuals opine in dissimilar ways or have varied interests, attitudes and even perceptions. Misunderstandings among individuals and...

Chain of Command, Business Continuity Planning, and Crisis Leadership in Corporates

What is the Chain of Command and how it worked in the Satyam and Infosys Crises’ We often hear the...

Steps in Decision Making Process

Decision making process is like a school exam. Those who take good decisions will pass the exam and the rest...

Ethics and Technology

Businesses today are technology and innovation driven. There is huge competition in the sphere and therefore like other industry or...

Smart Feedback Communication Strategies – The Importance of Clarity

Receivers are not just passive absorbers of messages; they receive the message and respond to them. This response of a...

Helical Model of Communication

Another very important model of communication is the Helical Model of communication. The Helical Model of communication was proposed by...

Leadership Styles – Autocratic, Laissez Faire, Participative and Bureaucratic

All leaders do not possess same attitude or same perspective. As discussed earlier, few leaders adopt the carrot approach and...

Maslows Hierarchy of Needs Theory

Abraham Maslow is well renowned for proposing the Hierarchy of Needs Theory in 1943. This theory is a classical depiction...

Relationship Between Organizational Structure, Design & Change

Relationship Between Organizational Structure and Culture Organizational structure determines the organizational behavior and influences the organizational culture. In addition, design...

Office Party Etiquette

Etiquette is all about behaving in a socially acceptable way. An individual should behave in a certain way at the...

Political Revolutions

The Nature of Political Revolutions An often-overlooked aspect of the modern political economy is the capacity for change and renewal...

Public Policy Approach to Public Administration

We remember reading about the Wilsonian philosophy of public administration and the famous dichotomy of politics and administration. After Wilson,...

Robert A Cooke Model of Organization Culture

Individuals from different backgrounds and varied interests come together on a common platform called organization to achieve targets as well...

Role of Catalysts in Organizational Change

The other articles in this series on Change Management have listed the business imperatives for change as well as the...

Role of Employees in Interpersonal Relationship Development

Individuals need to get along well with their fellow workers for a positive ambience at workplace and also for healthy...

Role of HRD in Risk Management

These days, the importance of Human Resource Management can not be neglected especially when companies are operating in such a...

Setting Up a Virtual Team

The early phase of development of a virtual team is crucial for its success. Just like the foundation defines the...

Success Factors in Team Building

Success Factors for Teams There are many factors that ensure a team’s success or failure. Among them, the three most...

Theory of Brain Lateralization

Brain Lateralization theory stress on the fact that the two halves of the brain known as right and left hemispheres...

Tips for Professionals for a Successful Negotiation

Negotiation is a technique employed to avoid conflicts and decide something which would benefit all. Individuals negotiate with each other...

Retrocession – Meaning and its Benefits

We are now aware that reinsurance companies are created especially for taking up risk from other insurance companies. Most people...

How to Handle Conflict of Interest in Corporate Settings

What is Conflict of Interest and how does it arise? In recent months, we have seen a spate of scandals...

Role of Personality Development in Success of an Organization

Personality development plays a crucial role in success of an organization. Employees are truly the lifeline of an organization. It...

The Business Case for Organizational Diversity

The Business Case for Diversity The articles in this module so far have focused on how organizational diversity makes eminent...

Effect of Endocrine System on Human Behaviour

Nervous system protects our body from various dangers by following a sequence of interpretation and reaction to the stimuli. Endocrine...

Why Effective Governance is the Only Way to Sustained Economic Growth

Effective Governance is a key reason why Nations Grow or Fail Nations and societies grow for a variety of reasons...

Enterprise Risk Management

The CAS committee on Enterprise risk management has given the following definition of the same – ‘The discipline by which...

Extracting the best from a Team

All individuals with a similar attitude and interest come together on a common platform to form a team. It is...

Herzbergs Two-Factor Theory of Motivation

In 1959, Frederick Herzberg, a behavioural scientist proposed a two-factor theory or the motivator-hygiene theory. According to Herzberg, there are...

Hofstede Model of Organization Culture

Organization culture refers to the various ideologies, beliefs and practices of an organization which make it different from others. The...

How Organizations Can Conduct Root Cause Analyses Without Indulging in Witch Hunts

What are Root Cause Analyses and How They Both Help and Hinder Organizations As the name implies, Root Cause Analysis,...

International Business Ethics

International business ethics emerged quite late globally compared to the business ethics that came up in 1970’s. It was only...

Knowledge Management in a Virtual Team

Knowledge Management is defined as the use of different practices and techniques to collect, store and share Knowledge including information,...

The Practice of Organizational Diversity around the World

Organizational Diversity in the West The practice of organizational diversity in contemporary organizations around the world offers some insights into...

How to Create a Personal Leadership Brand ?

Every leader has a personal leadership brand which might be carefully cultivated or intuitively perceived by leaders themselves and their...

Political Economy Approach to Public Administration

We have read about the famous Wilsonian dichotomy of politics and administration and after the Second World War the diminishing...

Role of Managers in Interpersonal Relationship

Individuals working together in the same organization tend to come closer to each other. Interpersonal relationship refers to a strong...

Office Toilet Etiquette – Rules to follow while using the Restroom

It is our etiquette which distinguishes us from animals. Etiquette helps us to stand apart from the crowd and leave...

Westley and MacLeans Model of Communication

Yet another achievement in the discipline of communication was the Westley and MacLean’s model of communication proposed in the year...

Salary Negotiation – How Can You Prepare for It

Negotiating a salary is an action that can be difficult for many people. Walking into a room to ask for...

Captive Insurance and Reinsurance Companies

There are many new and different types of arrangements that are used in the reinsurance industry. Captive insurance is one...

Communication Barriers – Reasons for Communication Breakdown

Communication is a process beginning with a sender who encodes the message and passes it through some channel to the...

Creating Sustainable Change – How to create and sustain change?

Who doesn’t like change and who doesn’t want to change? These are certainly truisms in the 21st century landscape where...

Curious Observation – First Step in Decision Making Process

Curious observation is the first step in the decision making process. These two words, the curiosity and observation are very...

Decision Making in an Uncertain World

Managers in contemporary organizations are confronted with uncertainty and ambiguity in their everyday lives. Not only do they have to...

Defining Organizational Purpose in the Post Pandemic World

The pandemic induced by the Corona Virus has fundamentally changed the way organizations operate. However, the counter measures taken then...

Effect of Communication Barriers in Business Communication

An organization is an individual’s first home as one spends the maximum time here only. No organization runs for charity,...

Fronting in Reinsurance

The reinsurance industry has several complicated terminologies which are routinely used. This is because there are several concepts in the...

How to build Your Best Team

Group of individuals working together for a common objective form a team. Teams are generally formed to accomplish complicated and...

Practical Considerations in implementing Enterprise Risk Management

Once an organization decides to go for Enterprise Risk Management, the challenge is the implementation. At the ground level there...

Lessons from Cutting Edge Research on Gender Diversity

Introduction Statistics show that only 49 percent of all Fortune 1000 companies have women on their senior management and that...

Level 5 Leadership – Meaning and Concept

We have always associated leadership with a very visible and popular role which gives you recognition and a larger than...

Managing Social Isolation in Virtual Teams

Virtual workplace is a new age reality of 21st century organizations. Though on one hand it offers flexibility and adaptability...

Marxian Traditions and their Approach to Public Administration

Karl Marx has often been cited as the most powerful personality in the history of human civilization. He was a...

Role of Communication Barriers in Ineffective Communication

Communication is a process where the information flows from the sender to the receiver through some medium. Ted to Jenny...

Sensation and Sensory Absolute Thresholds

The process of sensation involves transmission of information to the brain by the sensory receptors like nose, eyes, ears, mouth...

Theory X and Theory Y

In 1960, Douglas McGregor formulated Theory X and Theory Y suggesting two aspects of human behaviour at work, or in...

Top-Down versus Bottom-Up Change

It is often the case that companies are faced with a dilemma about whether the change initiatives must be driven...

Visiting Card Etiquette – Must Have Qualities in a Visiting Card

Good manners come into play in every walk of life. It is essential for an individual to behave sensibly for...

What is Sovereignty ? – Meaning and Concept

The Concept of Sovereignty Sovereignty is a term that is used to refer to the independence and autonomy of modern...

Interpersonal Relationship Skills/Qualities

A strong association between individuals sharing similar interest and goal is called as interpersonal relationship. It is important to have...

Myths of Business Ethics

Practically business ethics at the workplace connotes an alignment between what the organization values and how to go about it....

Charles Handy Model of Organization Culture

What is an organization? An organization is a setup where individuals (employees) come together to work for a common goal....

Fundamental Issues with the Top Down Approach in Change Management

Several change management experts have argued that Bottom Up Strategy for Change Management yields effective results comparatively over Top Down...

Mobile Phone Etiquettes (Mobiquette)

Etiquette refers to good manners which help an individual find his place in the society. It is essential for an...

Modern Theories of Motivation

We all are familiar with the classical theories of motivation, but they all are not empirically supported. As far as...

Monist and Pluralist View of Sovereignty

The political framework and the structure of the legal systems anywhere across the world depend on the concept of sovereignty....

The Need for Certainty and Control over the Future in Decision Making

Decision Making in the Past and Decision Making in the 21st Century Decision-making is a process that involves responding to...

Challenges in Organizational Diversity

According to organizational diversity, individuals from diverse backgrounds, religions, communities, age groups, genders come together on a common platform to...

Overcoming Communication Barriers

There are a lot of communication barriers faced these days by all. The message intended by the sender is not...

Political Science and Public Administration

We have read about the dichotomy between the politics and administration. Subsequently, we also read about how the later authors...

Pros and Cons of Fronting in Reinsurance

In the previous article, we have already learned about how fronting works in reinsurance. We now know how different entities...

Resolving an Ethical Dilemma

In a business setting mangers are put to test when they face the challenge of resolving an ethical dilemma. Often...

Risk Management and Stock Market

In stock market there is strong relationship between risk and return. Greater the risk, greater the return generally! In financial...

Sensation and the Sensory Organs (Vision and Audition)

With the help of our senses we are able to make sense of the world we live in. The study...

Situational Leadership – Meaning and Concept

Leaders are essentially people who know their goals and have the power to influence the thoughts and actions of others...

Strategies to Improve Communication

Effective communication is the process of successful transmission of the message from the sender o the receiver. If the receiver...

Training in Virtual Teams

In the face of the complex and unique virtual work environment, organizations are required to invest in the training and...

Organizational Development in Pandemic

The pandemic has brought about radical changes in not just the way of life but also in the way organizations...

Clarity of roles within a team

A major characteristic of effective teams is clear expectations about the roles played by each team member. In such a...

Decision Making Dilemma Managers Face: How to Grow Companies in a Time of Crisis?

In the previous articles, we discussed how decision making in these times is fraught with risk, uncertainty, and ambiguity. In...

ERG Theory of Motivation

To bring Maslow’s need hierarchy theory of motivation in synchronization with empirical research, Clayton Alderfer redefined it in his own...

Ethics Management Programs

Ethics Management Programs are designed by an organisation or an employer as an attempt to have formalised structures for ensuring...

Role of HR in Change Management

This module has covered the various aspects of change management and the roles played by senior management as well as...

Improve Communication Skills at Workplace

Communicating effectively is an art and must be practiced effectively at workplace for better output and successful achievement of goals...

Outsourcing Risk Management Program/Outsourcing Human Capital Consulting

Managing risk efficiently and effectively can be a determining factor in the overall success of any organization. Most of the...

Preventing Fall Outs in a Team

An individual alone can’t create wonders. He needs the support of others as well to discuss things and evaluate the...

Reinsurance Policy Coverage

When an individual or a company takes an insurance policy, the risk that they are indemnifying themselves against is very...

Role of Communication in Managing Organizational Diversity

Communication is indeed an effective tool which plays an important role in binding employees together. Communication plays a crucial role...

Role of Public Administration in the Modern State

The critical role of public administration as defined by John Rohr (a leading scholar of the US Constitution and its...

Sensation and the Sensory Organs (Gustation, Olfaction, Somatosensation, Proprioception and Kinesthesia)

Gustation (Sense of Taste) The gustatory system comprise of three crucial parts: the mouth, tongue and also the taste buds...

Seven C’s of Effective Communication

There are 7 C’s of effective communication which are applicable to both written as well as oral communication. These are...

Impact of Situational Leadership on Performance and Motivation

Leaders are role models who influence the culture, values, thoughts and actions of the organization and its people. The leadership...

Internet and Email Etiquettes – Netiquette

Etiquette helps individuals behave in a socially responsible way. In simpler words, etiquette transforms a man into a gentle man....

Advantages and Disadvantages of Working from Home and Organizational Policies

The Benefits of Working from Home: The Employees’ Perspective A typical challenge for working professionals, especially women, is to maintain...

Concept of Property in Political Science

The Concept of Property throughout the Ages Most of us have a fair idea what property means and what the...

Democratic and Socialist Goals of Public Administration

The role and functions of the Government and the bureaucracy is that which keeps constantly evolving in the wake of...

Designing Failsafe Systems

Business Decision Making in the 21st Century We live in a world of increasing complexity and compression of time which...

Difficulties in Ethical Decision Making

Decision making involves a great degree of value clarity, ethical decision making involves more! Unlike certain financial, inventory and production...

Falling Gender Ratio and Ways to Prevent the Decline in Numbers of Women

While the gender ratio was hovering around 930-950 throughout the earlier decades when there were fewer women than men as...

Improve Communication Skills of an Individual

An individual might have an extremely pleasing personality, in depth knowledge of the subject, a good and a very strong...

Informal Networks in Organizations and Organizational Effectiveness

Introduction It is said that humans are social beings and hence, have an innate need to communicate, relate, and exchange...

Perception: Introduction to the Perceptual Process

Perception which is derived from the term “Percept” refers to a series of processes which we have to undergo to...

McClellands Theory of Needs

David McClelland and his associates proposed McClelland’s theory of Needs/Achievement Motivation Theory. This theory states that human behaviour is affected...

The Mystery of Capital: Property Rights and Records of Ownership

The Mystery of Capital In previous articles, we discussed the concept of property and how the measure and nature of...

Reinsurance Policy Coverage: Advanced Scenarios

In the previous article, we have already seen that the scope of coverage of reinsurance policies can become quite complicated...

Measuring Return on Investment (ROI) of Virtual Teams

Return on Investment is a popular analytical tool which is used to measure the benefits relative to the cost. There...

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...

Role of Communication in Team

A team is formed when individuals with a common goal come together on a common platform. The team members must...

Role of Innovation in Change Management

We have seen how various factors contribute to the propagation of change within an organization. For instance, change can be...

Influence of Situational Leadership Styles on Subordinate Development

As we know that the situational leadership theory proposes that a leader needs to change his/her leadership style as per...

Introduction to Leadership Development

Leadership development entails nurturing, encouraging, incubating, and mentoring prospective leaders. In many organizations, the HR department in conjunction with senior...

Are External Consultants Needed for Change Management Programs to Succeed ?

Many organizations take the help of external consultants in identifying, recommending and implementing change. This article looks at whether there...

Goal Setting Theory of Motivation

In 1960’s, Edwin Locke put forward the Goal-setting theory of motivation. This theory states that goal setting is essentially linked...

How Organizations Should Deal with Sexual Harassment in the Present Times

In recent months, there have been several instances of women across the economic and social groups coming forward with complaints...

Perceptual Illusions and Constancies

Perceptual illusion occurs when a stimulus is perceived inaccurately. It can equally be explained as a sensory distortion in scientific...

Performance Appraisal System for Virtual Teams

Performance appraisal is considered as a challenging task by many business managers. It becomes all the more daunting in case...

Public Administration – Challenges in a Developed Society

The developed countries are identified by certain parameters like highly developed economy, greater technical infrastructure, high GDP and net income...

Reinsurance and Man-Made Catastrophes

The purpose of reinsurance is to financially help the ceding insurer when they face very high losses which are linked...

Role of Communication in Group Discussion

An effective communication is a vital key to a successful group discussion. Remember you are not the only one speaking...

Role of Motivation and Attitude in Team

A team is formed when individuals with a similar interest come together to realize a common dream. The team members...

Volatility, Uncertainty, Complexity and Ambiguity (VUCA) Paradigm for Leadership

The Volatility, Uncertainty, Complexity and Ambiguity (VUCA) Paradigm Business leaders in the 21st century operate in a vastly different terrain...

What is Bureaucracy? – Definition and its Purpose

Definition and Purpose of Bureaucracy What comes to your mind when you encounter the term bureaucracy? More often than not,...

Insider Trading and Strategies to Combat the Menace

What is Insider Trading ? In recent years, there has been a string of high profile convictions in the United...

Anticipating and Mitigating Organizational Risks in the Digital Age

Anticipating and Mitigating Organizational Risks in the Digital Age Every era brings with its own share of risks for organizations...

Corporate Meetings

Corporate Meetings are very crucial part of business activities. They are a significant means of formal communication. Meetings are a...

Decision Making in a Confusing World

Trust, But Verify! Decision Making in an Information Overload Scenario From the time we wake up to the time we...

How to Conduct a Meeting?

Communicating in a meeting is an essential part of effective communication. Some meetings are not conducted in an efficient manner...

How to Spot Signs of Sexual Harassment and Act on Them

Ever since the allegations against the famous (now infamous) Hollywood celebrity, Harvey Weinstein, about sexual harassment broke out, there has...

Importance and Challenges in a Developing Society

The developing countries of the world are concentrated in the regions of Asia, Africa and Latin America. The developing nations...

Indexation Clause in Reinsurance Policies

A reinsurance contract between a ceding insurer as well as a reinsurer can last for a long period of time....

Leadership: Intrinsic vs Extrinsic Motivation

The previous article introduced the concept of leadership development and the steps that organizations can take to ensure that leaders...

Political Science in the Age of the Internet and Digital Revolution

The Digital Revolution and Powershift Ever since the first personal computers began to make their presence felt in the late...

Reinforcement Theory of Motivation

Reinforcement theory of motivation was proposed by BF Skinner and his associates. It states that individual’s behaviour is a function...

Rewards and Recognition System in Virtual Teams

In case of traditional co-located teams, pizza parties, lunch/dinner outings etc. are common approaches to celebrating team success while cash...

Role of Team Leader in Team Building

A single brain sometimes cannot take decisions alone. One needs the assistance and guidance of others as well to accomplish...

Tips for a Successful Group Discussion

Talk to any MBA aspirant or a job seeker, he/she can very well tell the importance of a Group Discussion...

Why Change Management Programs Often Fail? Some Ways to Actualize Change

We have heard the story several times. A large conglomerate wants to implement a change management program, which it then...

Attention – Meaning, Types & its Determinants

The concept of Attention is studied in Cognitive Psychology with focus on explaining how we process the environmental information with...

Challenges Facing the Australian Economy

Australia is considered to be one of the most developed nations in the world. Up until now, the Australian economy...

Learning: Definition, Characteristics and Types of Learning in Psychology

The process of learning is continuous which starts right from the time of birth of an individual and continues till...

The Economic Costs of MeToo

The MeToo movement has caused ripples across the entire world. The fact that some of the most prominent and powerful...

Equity Theory of Motivation

The core of the equity theory is the principle of balance or equity. As per this motivation theory, an individual’s...

Appointing Home Grown Leaders to the Top Posts versus Bringing in Leaders from Outside

One of the thorny issues facing senior management in many organizations is the debate over grooming leaders from within and...

Importance of Culture in Business Decisions and Its Implications for All

Increasing Importance of Culture in Corporate Decision Making The Indian Information Technology (IT) bellwether and the market leader in software...

Middle Level Management – Sandwich Layer and its Importance to Organizations

In previous articles, at many places, we have discussed how the middle management is in the unique position of actualizing...

What is Intercultural Communication and How to Improve it

Increased and improved communication in today’s internet age has led to intercultural communication. People talk and communicate across states, cultures,...

Need for a Gender Equality Strategy to Actualize women’s Empowerment

The Glass Ceiling and the Persistent Problem of Gender Discrimination More often than not, corporates pay lip service to gender...

Basic Idea of Presentation Preparation, Content and Delivery

Michael was working as a Brand Promotions Manager with a reputed firm. He was doing very well and was the...

Rise of Identity Based Politics and their Impact on Countries

Globalization and Parochialism Concomitant with the globalization of the world there has emerged a trend wherein in countries around the...

Team Failures – Why teams fail and how to overcome it

In spite of the best intentions of the organization, as well as the best efforts put in by the team...

Benefits and Drawbacks of Indexation Clause in Reinsurance

In the previous article, we have already seen what an indexation clause in reinsurance contracts is. We are now aware...

Classical Theory of Public Administration

There have been several discussions and arguments regarding whether public administration can be categorized as a Science or as an...

Managing Conflict in Virtual Teams

Conflict is an inevitable characteristic of all work teams. Considering the complex dynamics of virtual teams, understanding and managing conflict...

Expectancy Theory of Motivation

The expectancy theory was proposed by Victor Vroom of Yale School of Management in 1964. Vroom stresses and focuses on...

How to be a good team player

A team player is an individual who will unify others for a purpose by exchanging information and ideas and empower...

Guidelines for Effective Communication

Effective communication is a part and parcel of any successful organization. A communication should be free from barriers so as...

Human Relations Theory of Public Administration

The Human Relations Theory has human beings at its center as can be understood by the name, but it also...

Importance of Employment Statistics and Numbers and How to Interpret Them

The Importance of Employment Statistics Management students and professionals alike should know the importance of employment statistics and numbers and...

Learning Theories: Classical Conditioning, Operant Conditioning and Learning by Observation

The concept of learning is quite comprehensive as it covers a broad range of activities. In many books, the theories...

Loss Occurrence Clause in Reinsurance

Most reinsurance treaties are structured in an excess of loss format. This means that the reinsurer is liable to pay...

Why Organizations Need to Shed Patriarchic Mindset for Better Diversity and Inclusivity

High Sounding Rhetoric and the Reality of Diversity and Inclusivity Diversity and Inclusivity (D&I) is on everyone’s mind. With the...

The Political System and Civil Liberties: Theory and Practice

The Concept of Civil Liberties and Human Rights An important topic in political science concerns the provision of civil liberties...

Role of Communication in Presentation and Speech

To deliver an effective presentation or speech, an individual has to take care of his communication and it has to...

Transformational Leadership and its Value in the Corporate World

Transformational leadership is one of the many kinds of leadership that is usually on display in the real world. The...

Politics in Virtual Workplace

Politics is an inevitable phenomenon faced by the employees in any workplace – virtual or collocated. The personal agenda of...

Automated Claims Processing

Claims processing is probably the most important function for any insurance company. This is because this process is where the...

Bureaucracy and Organizational Change

The very word bureaucracy conjures images of sloth, inefficiency and status quoist mindset. To associate bureaucracy with change would thus...

Functioning of Human Memory

The study of human memory since ages has been a topic of interest for the school of cognitive psychology. Human...

How Geopolitics Impacts Business Decision Makers and Why it is Important?

How Geopolitics Impacts Businesses Geopolitics deals with the relations between nations and the forces that determine the friendly or hostile...

How the Movie Yuva Explains The Need Theory of Motivation and What Motivates Us

What are nAch, nAff, and nPow and How the Need Theory Explains What Motivates Us Motivation Theories are used by...

Layering Approach in Reinsurance

The business of reinsurance is to provide coverage against catastrophic events which may be caused by the wrath of nature....

Leadership for the 21st Century

The previous articles discussed the importance of transformational leadership in the corporate world. This article looks at the traits and...

Political Systems around the World and the Causes and Consequences of Gridlock

Political Systems and Gridlock around the world There are different types of political systems in different countries around the world....

Team Building – Meaning, Exercises and its Need

When individuals with similar interest, attitude, and taste come together to work for a common objective, a team is formed....

Tips for Students and MBA Aspirants to Improve Communication

MBA Aspirant needs to master his communication skills to perform exceptionally well in MBA from a reputed Business school and...

What is a Diversity Scorecard, Why is It Important for Gender Equality at the Workplace

What is a Diversity Scorecard and Why it is Important Typically, organizations have what is known as a Balanced Scorecard...

Bureaucratic Theory of Public Administration

The bureaucratic theory of public administration owes its existence to Max Weber and his magnum opus Economy and Society published...

Challenges in Global Insurance And International Claims

Multinational organizations have become extremely powerful entities in the 21st century. There are many companies which have business interests that...

Change Management in Family Owned Businesses versus Professionally Run Companies

Is it easier to drive through change in family owned businesses or professionally run companies? This is a question that...

Understanding Communication System

An idea however brilliant and unique it is, is a waste unless and until it is communicated and shared with...

Different Types of Communication Systems

A thought kept in the brain is of no use unless and until it is shared with other individuals and...

Functioning of the Long-Term Memory

Long term memories last for a longer period of time as it has the capacity to store information for a...

Post Weberian Models of Public Administration

In the previous section we read about the Weberian Model of Bureaucracy and its various aspects, however like all models...

The Problem with Economic Theories

The world has been in economic turmoil for the past century. One crisis after other has struck in different parts...

Pros and Cons of Layering in Reinsurance

In the previous article, we have already studied the concept of layering and how it related to reinsurance policies. We...

Black Swans and White Knights: Risks of Operating in a VUCA and Global Environment

Global Businesses operate in an international environment that is volatile, unpredictable, uncertain, and accelerated. The term VUCA or Volatility, Uncertainty,...

Tips for Team Building in Corporates

Teams are formed when individuals with a common taste come together on a common platform to achieve a predefined target....

Tips for Professionals to Improve Communication

One can be an extremely hard working and intelligent worker, but to taste success in the fierce competitive world, one...

The Transleader: Strategy, Leadership, and the Soul

One of the big ideas being bandied about in recent times is the interaction of strategy, leadership, and the soul...

Why Intrinsic Motivation Matters More Now In the Times of the Great Resignation

What is Intrinsic Motivation and how does it tie in with the Great Resignation? Among the different types of motivation,...

Change is the only Constant in the 21st Century

The business landscape of the 21st century is characterized by ever changing trends and events that happen with so much...

Conflicts of Interest in the Insurance Business

Conflict of interest scenarios are common in businesses where multiple parties are involved. In many cases, these conflicts are small...

Why Corporates Must Address the Gender and Racial Pay Gap as Part of Diversity Efforts

How Corporate America is Turning Rainbow to Become More Diverse Diversity is the buzzword among corporates and business leaders in...

Departments as Fundamental Units of Administrative Organizations

The line agency in its traditional form exists as departments. Departments are the fundamental unit of administrative organizations and carries...

Digital Communication System

The transmission of information from the sender to the recipient through some medium is called as communication. Communication enables us...

Effective Listening Skills – An essential for good communication

Listening is a significant part of communication process. Communication cannot take place until and unless a message is heard and...

Is Government Mandated Maternity Leave Really a Solution?

Maternity laws around the world have become increasingly progressive. In many countries, labour laws mandate that all women employees be...

How Cutting Edge Technologies can Enable Better and More Efficient Decision Making

How Successive Waves of Technological Change Led to Better Career Related Decisions With each iteration of technological change, decision making,...

How Reinsurance Premiums are Calculated?

The pricing of reinsurance policies i.e. the calculation of reinsurance premiums is a very complicated topic. The process is quite...

Tips for Professionals to be a Good Team Member

Individuals should work in teams at workplaces so that the work is accomplished at a much faster rate and errors...

Three Traits of Effective Leadership

We have introduced the concept of Transleader in the previous articles. We discussed how a leader who is integral to...

Different Types of Change

Happened Change This kind of change is unpredictable in nature and is usually takes place due to the impact of...

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...

How Motivation Can Help Millennials/Gen Zers Avoid Burnout in the Post Pandemic Age

Why are Tech Titans and Business Leaders Worried About the Post Pandemic Workforce? Why are so many Millennials (those aged...

Coaching to Lead the Mind

It has been indisputable for quite some time that leaders ought to be coaches. They have to practice a management...

The Cost Structure in the Insurance Industry

Insurance is one of the most regulated industries in the world. Also, there are multiple players which offer every type...

Democracy is Superior to Autocracy in Achieving Economic Development

In the 21st century, it is being increasingly recognized that Democracy has emerged as the alternative to other systems of...

How Drones Will Impact the Insurance Industry?

The military application of drones is well known across the entire world. However, of late, civilian and commercial applications of...

Effective Presentation Skills

Presentation can be defined as a formal event characterized by teamwork and use of audio-visual aids. The main purpose of...

The Growing Importance of the LGBTQ+ Community in Corporate Diversity and Inclusivity Initiatives

Who are the Members of the LGBTQ+ Community and what is Diversity, Equity, and Inclusivity The LGBTQ+ community is comprised...

Importance of Compassion in Leadership

It has been researched that many leaders refrain from showing compassion at their work place. There are multiple reasons due...

Laser Communication System

The various communication modes provide us the various routes and channels through which the data and information can flow among...

The Need to Actualize Purely Local Responses to Events by Corporates and Individuals

From Global to Glocal to Local: How the Wheel has turned Full Circle There was a time during the initial...

What is Strategic Change? – Meaning and its Theories

What is Strategic Change? In response to the fast changing and fluid marketplace and industry landscapes, many management thinkers came...

Team Building Games and Activities

Team-building games and activities can be an excellent tool for corporate organisations to bring employees together. Through indoor and outdoor...

Bureau and Boards/Commissions Systems in Departments

We are at the next level of understanding departments within the organizations. In the earlier article we understood about the...

The Burning Cost Approach

In the previous article, we have already seen how reinsurance policies are generally priced and what factors are taken into...

Effective Report Writing

What is Report Writing? A report can be defined as a testimonial or account of some happening. It is purely...

How is Health Insurance Funded?

Throughout the world, if you ever want to buy a product or service, you have to pay up for it....

The Perils of Excessive Reliance on Technology for Decision makers and HR Professionals

The All Pervasive Technology and the Inevitability of Technology Driven Decision Making Technology is all around us. Wherever we look...

Problems Faced by Less Developed Countries

Population Growth Among all the developing countries, population growth remains one of the reasons for these countries to remain poor....

What are Public Enterprises? – Origin and Importance

The public enterprises came into existence as a result of the expanding scope of public administration. The advent of the...

Satellite Communication System

Imagine what would our life be without any mode of communication among individuals? The world would have been a dead...

Barriers to Effective Team Building

Teams are formed to ease the work pressure on the individual and achieve the targets within the desired time frame....

Types of Reinsurance Buyers

Many experts tend to look at reinsurance as a homogenized industry. The idea is that reinsurance companies sell insurance covers...

Change Management: Why the First 100 Days Targets are a Myth ?

How often we hear of business leaders and CEO’s who have just taken over proclaim that they would undertake radical...

Fixing Pay Gap and Promotion Deficiency: Walking the Talk on Diversity in the Post MeToo World!

As #MeToo Turns Nearly A Decade Old, Time For Corporate America to Walk the Talk on DI The viral #MeToo...

An Important Advice to Future Leaders – Your Organization is only as Strong as the Weakest Link

In this interconnected and integrated business landscape, aspiring leaders would be well advise to follow the simple rule that their...

The Great American Pyramid Schemes

Donald Trump has promised to make America great again. He may have a bigger task on his hand than he...

Homogenous Vs. Heterogenous Bundling in Reinsurance

The insurance industry is a large and diversified industry. It has several different types of products and operates in multiple...

Network Society – Rise of Digital Networks

Introduction A network society refers to the phenomenon related to the social, political, economic and cultural changes that have occurred...

Leadership Development: Reinventing Management for 21st Century

A Failure of Leadership in Management ? The world is facing unprecedented upheaval and chaos in virtually every sphere of...

Checklist for Effective Resume Writing

A resume is also known as CV or curriculum vitae. Resume is an influential and credible summary of an individual’s...

How Self Driving Cars Impact Insurance?

Almost all of the tech giants in the world today are trying to launch their version of self-driving cars. Diverse...

Skills and Must Have Qualities of a Team Member

Teams are formed when individuals with a similar interest, taste, need and even attitude work together to achieve a common...

Why the Digital Age Demands Decision Makers to be Like Elite Marines and Zen Monks

How Modern Decision Makers Have to Confront Present Shock and Information Overload We live in times when Information Overload is...

Administrative Decision Making – Mary Parker Follett and Herbert Simon

The pioneering scholar of the theory of decision making in organizations, was Herbert Simon. He was born in Milwaukee, Wisconsin...

Between Two Paradigms: The Changing Role of Management

From the Smokestack Era to the Digital Era The role of management has changed over the decades as the paradigm...

Effective Team Building Strategies that can be Implemented by any Organization

The Importance of Team Building Team Building is significant for organizations to actualize optimal performance and enhanced levels of results....

Exponential Change and What it means for Businesses and Workers

Who Remembers these Companies ? Businesses, workers, and governments worldwide are feeling the effects of dizzying change wherein trends that...

Format of a Resume

Introduction Research has shown that recruiters on an average have about thirty to forty seconds for each resume they screen...

What is Personnel Administration ?

Employees form the core and the backbone of any organization and public organizations are no different. According to authors William...

Reinsurance and Foreign Exchange Risks

All insurance companies face foreign exchange risks to some extent. However, all insurance companies are not equally concerned about foreign...

How Stock Market Volatility Affects Insurance Companies?

The average consumer believes that most of the money that insurance companies collect in the form of premium ends up...

Effective communication strategy at workplace

It has been well established that people with strong communication skills perform better at workplace, primarily for the reason that...

The Promise and Perils of Technology Driven Decision Making for Business Leaders

The Advantages and Disadvantages of Decision Making in the Digital Age The Digital Age is well and truly upon us....

Ambidextrous Leadership: Exploring New Opportunities While Exploiting Existing Avenues

Ambidexterity Managers in the contemporary world face a contradiction where austerity in the developed world and the cost cutting measures...

Are We Really Capitalists ?

Critics have been claiming the recent economic crises are the proof the capitalist system is inherently flawed. The underlying assumption...

Impact of Artificial Intelligence on the Reinsurance Industry

Technology is the common denominator which generally creates a huge impact on almost all industries. Big data and artificial intelligence...

Insurance Agents vs. Insurance Brokers

Most individuals buy insurance policies through insurance agents. These insurance agents are often individuals who work on behalf of one...

Accelerating out of the Slow Growth Economy: Invest in oneself

Why One Should Invest in Oneself A recurrent theme among the leaders and the potential leaders is about how to...

A Resume – What it is and Why You Need One?

While writing about resume, the first thing that came to my mind is the unique comparison of a Resume with...

Transactional vs Transformational Leadership in Change Management

Leaders play a crucial role in steering organizational change and inspire or stimulate people for achieving excellence at work by...

What Team Building Strategies Must Focus on to be Effective in Actualizing Outcomes

Team Building and Experiential Learning In order to be effective, team building strategies must focus on building cohesion, unity, discipline,...

Significance and Concept of Budget in Public Administration

The budget in its elementary form had been part of almost all monarchies of the history. There have been written...

What is Compassionate Capitalism and Why We Need it in These Times of Planetary Crisis ?

What is Compassionate Capitalism and What Does it Entail for us? In recent years, there has been much talk about...

Difference Between a Team and a High-Performance Team

A team comprises of two or more than two people grouped to achieve a common objective or a goal. On...

Different Types of Resume

Preparing a prefect resume, for most of us, can be a daunting task. There are numerous types of resume depending...

Organizational Learning and Change Management

Over a past few decades the concept of “Organizational Learning” has acquired increasing importance, due to rapid changes in the...

Reinsurance Vs Securitization

It is common for insurance companies to not hold the entire risk that they underwrite on their own portfolios. Instead,...

Social Stratification and Hierarchy: What Business Leaders Ought to Know

Rise above Social Stratification All societies are stratified and have elements of hierarchy amongst their members. If the notion of...

Types of Budgets in Public Administration

The public budgets are different from other forms of budgets in many ways; here the voters delegate the power of...

Will Capitalism Destroy Itself?

Karl Marx was one of the most influential philosophers and economists during the 18th century. His ideas relating to economics...

The ABC’s of Insurance Fraud in India

India is one of the biggest markets for insurance companies across the world. However, it also needs to be understood...

Disadvantages of Securitization as an Alternative to Reinsurance

In the previous article, we have already seen what securitization is in the context of reinsurance. We have also seen...

The Ethical Imperative and the Importance of Values

What Happens when Senior Management is Itself Unethical It is often the practice in organizations that whenever new recruits are...

Importance of Audit in Public Sector Organizations

Audit is an instrument, a tool of financial control, which is employed by the public or private sector or an...

The Importance of a Resume

The resume acts as a bridge between you and the prospective recruiter. Hence the importance of a resume can never...

Organizational Vision, Mission, Strategy and Change Management

Organizational vision mission, provide a sense of purpose or establish the the reason of existence of an organization. According to...

Technological Advances in the Insurance Industry

The Fintech revolution has startled many industries. Insurance is one of the industries that have been affected. A large percentage...

Types of Team Members in a High Performance Team

Types of Team Members in a High-Performance Team The key to the success of the High-Performance Teams is determined by...

Vulture Capitalism: An Introduction

The fall of American giants such as Sears and Toys R Us has brought the focus back on vulture capitalists....

Democracy or Dictatorship? Which is Better for Economic Growth of Nations

Dictatorship or Democracy? The Debate Continues over Which System Promotes Growth If we look at the history of economic development...

What is Development Administration ?

The traditional approach towards administration has been limited in its scope and premise, the core of which was strict adherence...

How to Write an Impressive Resume

By this time we all are convinced that resume plays a very important role when it comes to putting your...

The Tough Get Going When the Going Gets Tough: Leadership in the Face of Adversity

Leadership in the Face of Adversity The best leaders are those who can face adversity and turnaround their companies from...

Models/Approaches to Implement Change Management Programme

Several models of Change Management have been suggested by several management consultants, social scientists and clinical psychologists till date for...

Retention in Reinsurance

The purpose of reinsurance companies is to share risks with insurance companies. This risk-sharing can happen to different degrees. For...

The Basics of Unemployment Insurance

The modern multinational company is global in nature. This means that a lot of times work is sent overseas because...

Ten Important Characteristics of High-Performance Work Teams

High-Performance work teams comprise a group of highly talented and motivated professionals working together for the achievement of a common...

Factors Influencing Retention Ratio In Reinsurance

In the previous article, we have already studied what retention is and why it is important for many insurances as...

How to Address Career Gaps and Other Career Weaknesses in Your Resume

What is career break or career Gap? Career gap is a time period when you are no longer associated with...

Kurt Lewin’s Change Management Model: The Planned Approach to Organizational Change

Kurt Lewin’s Three Stages model or the Planned Approach to Organizational is one of the cornerstone models which is relevant...

The Pros and Cons of Unemployment Assistance and Why it Matters in the Present Times

What is Unemployment Assistance and Why it Matters in the Present Times World over, there are many countries that provide...

What Makes High-Performance Teams Standout

The success or failure of a business depends upon the composition of the team members and how motivated they are....

How Emotional and Spiritual Intelligence Can Help Managers Succeed

The Emotionally Intelligent Manager The emotionally intelligent manager is one who has an inner rudder, defers gratification, and is empathic...

Is Too Much Democracy Bad for Business? Does Democracy Help or Hinder Growth?

Why the Statement about Democracy Sparked a Huge Debate among the Indian Elites Recently, the Vice Chairperson of the NITI...

Comparative Public Administration

Comparative public administration focuses on Public Administration as a field of study and research rather simple execution of tasks. Haroon...

Essential Steps Involved in Building High-Performance Teams

High-Performance teams ensure the long-term success of an organization by delivering excellence in business outcomes through collaborative teamwork. Such teams...

Kotter’s 8 step Model of Change

John Kotter (1996), a Harvard Business School Professor and a renowned change expert, in his book “Leading Change”, introduced 8...

Leadership Theories – Important Theories of Leadership

Just as management knowledge is supported by various theories, the leadership function of management too is authenticated by various theories....

The Role of Insurance in #MeToo Movement

In 2017, Forbes magazine named #MeToo movement as the “person of the year.” This is because the #MeToo movement has...

Run Off Reinsurance

Under normal circumstances, a reinsurance company operates as a partner with its ceding insurance company. The reinsurance company wants to...

Writing a Resume in the Absence of Strong Work Experience

A good quality resume is a prime tool to apply for a job and what to do when you have...

The Future of Public Administration

Future belongs to Flexible Public Sector rather than Machine Bureaucracies As the world around us is changing with concomitant changes...

Concept of Reinstatement in Reinsurance

Ceding insurance companies take reinsurance in order to protect themselves from massive losses that may occur when catastrophes occur. The...

Strategies for Improving Communication in High-Performance Teams

High-Performance teams can be of various types depending upon the objectives or the goals which are required to be fulfilled,...

Tips for Providing the Resume a WOW Factor

“Wow Factor” is about achieving harmony or a balance between the distinguishable qualities, your new passions, and strengths. The wow...

Why the Flood Insurance Market should be Privatized?

In the United States, the government of the United States is the biggest player in the flood insurance industry. This...

Blake and Moutons Managerial Grid

The treatment of task orientation and people orientation as two independent dimensions was a major step in leadership studies. Many...

Contingency Model of Change Management: Dunphy and Stace’s Model of Change

The contingency model is an extended version of Lewin’s three step in which Dunphy and Stace (1988, 1992 and 1993),...

Houses Path Goal Theory

The theory was developed by Robert House and has its roots in the expectancy theory of motivation. The theory is...

Importance of Effective Communication in Building High-Performance Teams

If proper procedures are the foundation of a high-performance team, then clear and open communication is the roof. Clear and...

Job Interview – Meaning, Tips for Interviewee & Interviewer

An interview means a face to face interaction between the interviewer and the candidate/candidates so as to obtain desired information...

Mintzberg and Quinn’s Model of Change

Mintzberg and Quin (1991) proposed 4 broad situational factors which can influence the extent to which an organization can change....

Reinsurance Programs – Meaning, Need and its Benefits

In the previous articles, we have already studied about what reinsurance is. However, we have assumed that most ceding insurance...

Basics of Pet Insurance

People in the developed world have an affinity for pets. This is the reason why two-thirds of American households, i.e....

Factors Governing Reinsurance Programs

Insurance marketplaces are just like other markets. They are full of buyers and sellers i.e. cedant insurance companies as well...

Great Man Theory of Leadership

Are some people born to lead? If we look at the great leaders of the past such as Alexander the...

Leaders Role in Building High-Performance Teams

High-performance teams comprise of a group of people having complementary skills which are aligned with the objective of fulfilling a...

Scott and Jaffe Change Model

This model of change is one of the unique models of change as propounded by Cynthia Scott Dennis Jaffe in...

Business Negotiations

Negotiations can be called as a way of resolving disputes. It is considered as being synonymous to settlement, agreement, collaboration...

Cannabis Insurance

Cannabis businesses have recently been given industry status. About 25 of the 50 states in the United States allow usage...

Emotional Intelligence for High-Performance Teams

Years of research reveal that Emotional Intelligence is a critical component which distinguishes a high-performer from an average performer. Team...

Trait Theory of Leadership – Advantages and its Limitations

The trait model of leadership is based on the characteristics of many leaders – both successful and unsuccessful – and...

How to Conduct High Stakes Negotiations in the Digital Age without Being Short-changed

Negotiations are Part and Parcel of our Daily Lives Negotiations are part and parcel of our lives. Whether it is...

Anderson & Anderson’s Change Model

Anderson Anderson’s model of change provides a comprehensive coverage of the entire process of change and equally explains the whole...

Challenges Facing Cryptocurrency Insurance

The market for cryptocurrency has exploded in the recent past. The past couple of years witnessed a major rise and...

Combining Towers While Building a Reinsurance Portfolio

The reinsurance industry has been largely fragmented till now. This is why it is common for ceding insurers to buy...

Evolution of Insurance Regulation

The general public is not very fond of the financial services industry. Whenever any crisis breaks out, the financial services...

Leadership-Member Exchange (LMX) Theory

Informal observation of leadership behavior suggests that leader’s action is not the same towards all subordinates. The importance of potential...

McKinsey 7S Change Model

McKinsey 7S model was developed by Robert Waterman and Tom Peters during early 1980s by the two consultants McKinsey Consulting...

Multi-Tower Reinsurance Contracts: Pros and Cons for Reinsurance Companies

In the previous article, we have read about what multi-year reinsurance contracts are. We now know what these unconventional contracts...

Common Barriers to the Successful Functioning of High-Performing Teams

High-Performance Teams as we all know can be a blessing for an organization, as such teams play a crucial role...

Food Delivery Apps and Insurance

It is no secret that consumers are leading extremely busy lives. In many families, both the partners are working and...

How do Insurance Companies Select Reinsurers?

The reinsurance market is very competitive market. After the increase in globalization and privatization, companies from all across the world...

Role of HR in Facilitating and Developing High-Performance Teams

As a key strategic function, HR can facilitate teams for High-Performance and achieving superior quality benchmarks at work. The Human...

Transformational Change and Change Management

In the present competitive scenario, modern organizations are faced with several challenges from the external environment which are political, social...

Transformational Leadership Theory – Meaning, Criticisms and its Implications

Creating high-performance workforce has become increasingly important and to do so business leaders must be able to inspire organizational members...

How Does Captive Insurance Work?

Insurance companies are very different from other companies. Other companies have to pay upfront for buying raw materials. They get...

Intra Group Reinsurance

In the previous articles, we have already studied about the concept of reinsurance. However, the reinsurance we have studied is...

Transactional Leadership Theory – Meaning, its Assumptions and Implications

The transactional style of leadership was first described by Max Weber in 1947 and then by Bernard Bass in 1981....

Models of Transformational Change

An extensive review of the literature details would reveal that both practitioners and academics have explained transformational models with varied...

Team Management in Agile and Automated Organizations

How does Top Down Management Work and how does Flatter Management Work? Traditionally, managers were used to the Top Down...

On-Demand Insurance

The millennial consumers are remarkably different from their predecessors. This is true in the sense that whilst earlier generations preferred...

Organizational Change and Transition Management

The process of Transition Management involves the implementation of change through systematic planning, organizing and implementation of change to reach...

Team Management in the #MeToo Era: Actualizing a Discrimination Free culture

What is the #MeToo movement and how does it differ from Previous Movements The #MeToo movement is primarily an online...

Assumption Reinsurance Vs. Indemnity Reinsurance

In the previous few articles, we have studied a lot about reinsurance. We are now aware of the various issues...

Continuum of Leadership Behaviour

The leadership continuum was originally written in 1958 by Tannenbaum and Schmidt and was later updated in the year 1973....

Determining Forces of Organizational Change

Organization as a system, depend on many interdependent factors which influence it’s day to day functioning, strategic decisions and future...

Likerts Management System

Rensis Likert and his associates studied the patterns and styles of managers for three decades at the University of Michigan,...

Limitations of Reinsurance Contracts

In the previous few articles, we have studied how reinsurance contracts work. We now have a deep understanding of the...

Reinsurance vs. Double Insurance

In the previous article, we understood what reinsurance is. We also studied the various types of reinsurance contracts that are...

Forces of Organizational Change: Planned vs. Unplanned Change and Internal & External Change

In the fast-changing business environment, the contemporary organization’s must learn to be more adaptable and flexible for successfully facing the...

Hersey Blanchard Model

According to this model, the leader has to match the leadership style according to the readiness of subordinates which moves...

What is Modified Coinsurance and How it Works

A reinsurance contract is essentially a contract between a ceding insurance company as well as a reinsurance company. Under plain...

Solvency Regulations in the Insurance Industry

In the previous article, we have explained why regulation is important for the insurance industry. We have also understood how...

Fiedlers Contingency Model

Fred E. Fiedler’s contingency theory of leadership effectiveness was based on studies of a wide range of group effectiveness, and...

Systems Model of Change Management and Continuous Change Process Model

Systems Model of Change The Systems Model of Change or Organization-Wide Change lays more emphasis on the fact that a...

Terrorism and Insurance

Terrorism is a grave risk that is being faced by the entire world. When an event related to terrorism occurs,...

Accounting for Reinsurance Contracts

Reinsurance contracts tend to be very complicated. As we have already studied in the previous articles, a wide variety of...

Importance of Communication in Change Management

For implementing a change program successfully, communication is the key and one of the most complex parameters as it involves...

Leadership and Trust

Trust seems to be the key trait linked with leadership. A leader cannot lead if his followers do not trust...

Approaches to Reinsurance Regulation

The reinsurance industry is a very important part of the structure of the insurance industry of any country. It is...

The Basics of Microinsurance

The global insurance industry is at a strange crossroad. On the one hand, the market is completely saturated in countries...

How to be a Good Leader – What makes Leadership Effective?

Leadership is a significant aspect of management. In order to ensure organizational success, co-operation from subordinates as well as greater...

Action Research for Successful Organizational Change

Action Research is a useful method for facilitating organizational change by collaborating and involving the client in the entire process...

The Basics of Reinsurance

Insurance is a tool which helps individuals protect themselves and diversify their risks. The concept of insurance is based on...

Challenges Facing the Regulation of Reinsurance Companies

The reinsurance industry is considered to be very important in most parts of the world. This is the reason that...

Effective Leadership Skills – What it takes to be an Effective Leader

Who is a leader – A strong leader is one who thinks and plans ahead. He is ready with solutions...

How Reinsurance Companies are Taxed?

The coronavirus pandemic has brought the focus on to the operations of the insurance as well as the reinsurance sector....

Psychological Contract and Change Management

The term Psychological Contract gained popularity during the 1960s when its description and definitions were mentioned in the studies of...

Types of Captive Insurance Companies

In the previous article, we have studied about the concept of captive insurance companies. We have also enumerated the various...

Emotional Competence Framework and Change Management

The term Emotional Competence is treated as a buzzword in the present scenario and several studies, as well as investigations,...

Leadership Vision

True leaders have a vision, that is, they have a potential to view the present as it is and to...

Overcapacity in the Reinsurance Industry

The reinsurance industry is a highly competitive globalized industry. It faces several challenges from all over the world. The issue...

What is P2P Insurance?

P2P insurance, short for peer to peer insurance, is a relatively new form of insurance which has made its way...

How Risks Affect Companies Providing Financial Services

Risk management, as a concept, is studied and implemented across all industries. Over the years, even companies with the most...

Different Types of Power

Power has been an important aspect of human civilization since time immemorial. Power might be physical, political or social. In...

Characteristics and Capabilities of Successful Change Agents

Change agents act as the champions or change catalysts. The change agents may play the role of a consultant who...

Cyber Risk in Reinsurance

The global business environment has turned increasingly digital in the pasts few years. It is very common for businesses across...

Key Factors in Effective Change Management

Successful organizations evolve at lightning speed for remaining competitive and gaining a winning edge across the industry. This can be...

Risk Management Information System

There is an old saying in management that “whatever gets measured gets managed”. This is truer in the case of...

Women and Leadership

Unlike male leaders, the reference point for a good leadership has been inadequately defined for women leaders. The traditional and...

The Impact of Insurtech on Reinsurance

Traditional reinsurance companies have always made attempts to minimize risks associated with their business. Most reinsurance companies look at themselves...

Disadvantages of Risk Management Information Systems

Technology has disrupted the entire business world and the field of risk management is no exception. All across the world,...

Battle Between Change Agents and Status Quo Interests in Every Organization

The Battle between Change Agents and Status Quo Adherents Every organization has its change agents who seek to take risks,...

What are the Challenges in Leadership?

Being a leader is not quite a cakewalk. Infact, to be very honest; managing people is one of the most...

The Known-Unknown Classification of Risk

The entire subject of risk management is based on the ability of the manager to identify, value, and then mitigate...

Managing the Transition from Hierarchical to Network Organizational Structures

Introduction The emergence of the network-based organizational structures and a movement away from the hierarchical structures that were the hallmark...

Tips to Overcome Challenges in Leadership

Leadership indeed becomes a challenging job, if managers do not understand their employees well. You can’t make employees work by...

Operational Risk: Definition and Drivers

In the previous few articles, we have studied about the concepts of risk management in general. However, merely understanding general...

Role of Communication in Overcoming Leadership Challenges

Communication plays a crucial role in not only overcoming challenges in leadership but also strengthening the bond among employees. Bosses...

Why it is Becoming Difficult to Change the Status Quo in Economies and Organizations?

The Necessity of Change and Change Agents World Over World over, the leaders of nations and firms are grappling with...

Future Shock, Present Shock, and the Fourth Industrial Revolution

What is Future Shock and what are Its Characteristics? In the 1970s, noted Futurist, Alvin Toffler, coined the term Future...

How Regulations Have Affected Operational Risk?

Companies all over the world today acknowledge operational risk as a serious threat to the survival of their organizations. This...

Role of Management/Organization in Overcoming Leadership Challenges

It is rightly said that if you get a good boss, you are the luckiest employee and if your boss...

Identification of Operational Risks

The fundamental principle of operational risk management is to ensure that all operational risks have been considered and decisions have...

Tips to Strengthen Bond Among Employees

Employees are the biggest asset of an organization. In today’s scenario of cut throat competition, individuals need to work together...

The Changing Nature of Power in the Age of Networks

The Power of Individuals against Establishment Figures The Digital Age has upended many things and this includes the way in...

How to Identify Operational Risks

In the previous article, we discussed about the top-down and bottom-up approach which has been created to identify risks. In...

How Organizations Must Learn to Deal with Radical, Disruptive, and Disorienting Change

Dealing with Radical Change We live in times when change is the only constant. Indeed, organizations now compete in an...

Vision of Leaders has to be Actualized by Middle Management for Organizational Success

Visionary Leaders and the Legacy they Leave Behind Leadership development is a process that encompasses all levels of the organizational...

Driving Organizational Change by Embracing Agile and Facing the VUCA World

What is Agile and what is meant by the VUCA World? It is hard not to miss the extensive press...

Leadership in the Time of Epic Changes and Struggles Over Ethics and Values

Leadership in Times of Crisis The world is changing at a frenetic pace and with these changes; the world of...

Using Internal Loss Data to Mitigate Operational Risks

The modern approaches to risk management are data-driven. There are four basic steps to this approach which we will study...

External Loss Data in Operational Risk Management

In the previous article, we studied how a firm can collect internal loss data about the adverse events that take...

Great Leadership is about Initiating, Sustaining, and Carrying through Ones Vision

Leaders are Made and Need to Have Three Key Characteristics The cliche that leaders are made and not born signifies...

How Relevant is the Corporate Planning Function in the Digital Age of Agile Organizations

Corporate Planning in Earlier Decades Manufacturing Firms In manufacturing firms in the earlier decades, one of the most sought after...

Risk and Control Self-Assessment (RCSA): What is it, What are the Benefits, and How is it Done?

Risk and control self-assessment (RCSA) is an internal procedure used to identify, assess, and mitigate operational risks within a company.1...

Paradigm Shift is Needed for Organizations to Succeed in the Digital Age

What’s New and What’s the Same in the Digital Age The Digital Age is well and truly upon us. Everywhere...

Cultural Dimensions of Leadership

Introduction Leadership in organizations is dictated and determined according to a variety of reasons and factors including personality, cultural, and...

Scarcity vs. Abundant Mindsets in Leaders

Scarcity and Abundance We often hear the terms scarcity and abundance mindsets of employees and employers in addition to leaders....

Scenario Analysis in Risk Management

Scenario analysis is the third pillar of the framework suggested by the Bank of International Settlements in their Basel norms....

Different Folks, Different Strokes! The Many Leadership Styles in the Real World

Leadership in the real world is quite different from what is taught in business schools and colleges. For instance, many...

Key Risk Indicators

The fourth and last step for risk management suggested by the Bank of International Settlements in its Basel Norms is...

Persuasion and the Art of Changing Minds are Essential for Contemporary Leaders

Leadership is as much about having a vision and communicating it to the followers as it is about the art...

Basel Approaches in Operational Risk Management

The Bank of International Settlements (BIS) has created the Basel norms so that the operational risk measurement and mitigation are...

Managing in Chaos: A Necessary Skill for Managers and Leaders

The Forces of Chaos The business landscape of the 21st Century is characterized by increasing complexity, disorder, intense competition, hyper...

The Basel Risk Categories

The Basel guidelines are the gold standard when it comes to identifying and managing operational risks. This is the reason...

Leadership in the Contemporary World

Introduction Leadership is both an art and a science. For actualizing effective and efficacious leadership, leaders must first articulate a...

Cause Categories in Operational Risk Management

The definition of operational risk has been narrowed down. This has helped organizations better manage their operational risks. All operational...

Loss Distribution Approach

A loss distribution approach is a common approach followed by risk management practitioners in order to identify and evaluate the...

Need to Develop Network Thinking and Seventh Sense for Success in the 21st Century

The Age of Networks We live in the Age of Networks. Networks are everywhere and anywhere and real-time connectivity and...

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...

The COSO Framework for Internal Control

Internal frauds are a big part of the operational risk faced by any organization. This is truer of multinational companies...

Mistakes to be Avoided While Building a Risk Management System

There are several books that have been written about the steps that need to be undertaken in order to be...

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...

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...

Credit Rating Terminology

Credit rating is an important and almost central part of the overall credit risk management function in any organization. Every...

Types of Exposures to Determine Credit Limit

The credit limits concept forms the root of the credit risk management practice at most organizations around the world. Financial,...

Why Business and Political Leaders Must be Institution Builders to Ensure Longevity

What Differentiates Truly Great Leaders from Run of the Mill Leaders? There are leaders who run organizations and nations to...

Qualities of an Inspirational Leader and their Benefits

Effective leaders have great inspirational qualities. True leaders are gifted with exceptional influencing and charismatic qualities, which can drive others...

Types of Credit Events

The purpose of credit derivatives is to make sure that the interests of the buyers of protection are secured if...

Foundation Pillars of Successful Leaders

Successful leaders must have certain exceptional traits which serve as the pillars of the foundation of successful leadership. Effective leaders...

Active Credit Portfolio Risk Management

The business of banking has witnessed a lot of changes in the past few years. It would be safe to...

Metrics to Measure Credit Risk

In order to manage any type of risk, it becomes important to measure it. Now, credit risks manifest in different...

Self Assessment for Leadership: Assessing the Strengths and Vulnerabilities for Improving Leadership Effectiveness

Leaders are responsible for creating and realizing the vision by encouraging the followers to work towards the fulfilment of a...

Self Motivation for Leaders

Self-motivation for the leaders is of paramount of importance because as leaders they should be self-motivated first before motivating their...

Credit Derivatives: An Introduction

Credit derivatives are the most important financial innovation in the field of credit risk management. These derivative instruments have been...

Techniques for Developing Self-Motivation

Various self-motivation techniques are practiced by leaders for ensuring achievement of the pre-defined objectives. Self-motivated leaders evolve and improve continuously,...

Credit Linked Note

Structured finance products have proliferated the financial markets. There are several derivative products that have been created with the sole...

How do Credit Default Swaps Work?

Credit derivatives were created in order to transfer the credit risk inherent in an instrument from one party to another...

Leadership Development Plan

Leadership is a continually evolving skill. By learning more about yourself, your strengths and weaknesses, you can determine your developmental...

Why are Credit Default Swaps Dangerous?

When credit default swaps first found their way into the global market, they were hailed as being a great invention....

Writing a Leadership Development Plan

Preparing a leadership development plan is not an easy task. The entire process involves a comprehensive effort and careful planning...

Total Returns Swap

Credit default swap is the most commonly known derivative which is based on swaps. However, it is not the only...

When Hope Meets Reality: The Challenges for Leaders to Sustain the Momentum

When Hope Meets Reality: What Happens to Leaders once they are Elected We often elect political leaders who promise the...

The Challenge for Contemporary Leaders is to Restore Trust and Faith in Institutions

Loss of Trust and Faith and the Rise of Populists Public trust and faith in institutions is at an all...

What are Collateralized Debt Obligations and How do they Work?

Collateralized debt obligations (CDOs) are a very important and popular type of credit derivative. With the growth in structured finance,...

The Ever Shortening Business Cycles and What They Mean for Business Leaders

How the Modern Forms of Annual Reporting and Business Cycles Came into Being The advent of the modern form of...

Collateralized Debt Obligations: Advantages and Disadvantages

In the previous article, we studied about how collateralized debt obligations (CDOs) are derivative instruments that have been built on...

Mark To Market Accounting

There have been many advances in the field of credit management. Mark to market accounting is one such innovation. Mark...

Leadership Case Study: Steve Jobs – The Man Who Ushered in the Smartphone Revolution

The Transformational Leadership of Steve Jobs Anyone and everyone who owns a Smartphone must be thankful to Steve Jobs, the...

Why Leaders Must be in Control over the Direction and Pace of Organizational Change

How Leaders Often “Lose the Plot” Midway through the Change When organizations embark on change initiatives, it is necessary for...

What are Recovery Rates? – Different Types of Recovery Rates

The Basel norms suggest that organizations assess their own credit risk internally. In order to do so, they are required...

Netting, Close Out, and Acceleration

Netting is a procedure that is commonly used by organizations all over the world to reduce their counterparty credit default...

The 4Cs of Leadership Styles for Leadership in the Digital Age

The 4Cs of Leadership Styles and Why Leadership Traits Reflect a Continuum As the world transitions from the Industrial Age...

Expected Default Frequency (EDF)

Expected default frequency (EDF) is an important metric to be considered during the mitigation of credit risk. It is commonly...

Lessons for Business Leaders from the Downfall of Charles Ghosn of Renault – Nissan

The Downfall of Charles Ghosn and his Sudden Fall from Grace Over the last few days, the global media has...

Expected Default Frequency: Advantages and Disadvantages

The expected default frequency (EDF) model is widely used across the world in order to effectively manage credit risk. In...

Truly Great Leadership is All about Walking the Talk in All Aspects of Being Leaders

What Makes Some Leaders Truly Great There are leaders and then, there are Leaders. To explain, any entity, whether commercial...

Examining the Crisis of the Leader – Follower Relationship in the Present Times

Historically Legendary Leaders and the Leadership Crisis of the Present Times Leaders by definition are expected to inspire and motivate...

Altman’s Z Score Model

Academicians and practitioners from all over the world have been tried very hard to come up with a model which...

Leadership during Crises is what Distinguishes Great Leaders from Manager Leaders

Leaders, Managers, and Crisis Leaders Often, there is some confusion about what managers do and what leaders do. While the...

Unexpected Loss and Economic Capital Buffer

In the previous articles, we have seen how we can use exposure at default (EAD), loss given default (LGD), and...

What the Dalai Lama can teach Corporate Honchos about Leadership and Management

Why Spirituality and Business are not incompatible and what Buddhism can teach us? Often, we think that spirituality and business...

Stress Testing in Credit Risk Management

In the previous article, we have already studied how expected and unexpected losses are calculated using statistical techniques. However, there...

Provisioning in Credit Risk Management

The primary purpose of credit risk management is to avoid credit losses i.e. credit events that negatively impact the cash...

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...

Why the Digital Age Calls for a New Approach to Leadership and Team Management

Why the Digital Age is unlike Any Other Previous Transformation in History With the Digital Age well and truly upon...

How Corporate Governance Impacts Credit Risk

Corporate governance can have a huge impact on credit risk. This is because corporate governance is the set of rules...

Exit Strategies In Credit Risk Management

Firms often give loans or extend credit over extended periods of time. The credit extended may continue for years and...

Leadership in a Collapsing World when Faced with Insurmountable Problems

Leadership When Faced with a Perfect Storm of Collapsing World It would not be an exaggeration to say that we...

The Importance of Thought Leaders and Influencers in the Age of Social Media

Who are Thought Leaders and Why they are Important? We often hear the terms, Thought Leaders and Influencers, being bandied...

What is Market Risk? – How its Measured and its Sources

The global financial system is connected to markets. Markets are where companies go to if they want to raise funds....

Leadership by Optics Management: Taking the Howdy Modi Event as a Case Study

What is Leadership by Optics and Perception Management and the Leaders excelling at it? In times when media is so...

Why is Market Risk Management Important?

The concept of market risk has always been around ever since financial markets have existed. However, the measurement and management...

Introduction to Value At Risk (VaR)

The concept of value at risk (VaR) is closely connected with the concept of market risk mitigation. This is why...

What Should Corporates and Business Leaders do in Low Growth and Recessionary Times

The World Economy is in a Perfect Storm of Economic Events The world economy is stagnating and while the stock...

The Three Types of Value at Risk (VaR)

The value at risk (VaR) model is a mechanism of calculating the maximum probable loss from a given data set....

The Tyranny of the Quarterly Results: Why Business Leaders must Avoid Short-Termism

The Tyranny of the Quarterly Results: How Short Termism Took Over Publicly listed companies are expected to file and report...

Marginal, Incremental and Component Value at Risk (VAR)

In the previous articles, we have studied how the value at risk (VaR) models should be used to calculate risks....

The Perils of Leaders and Their Personality Cults in Times of Authoritarian Rulers

The Worldwide Rise of Strongmen and the Dangers of Personality Cults World over, there is the rise of strongmen and...

How Value at Risk (VaR) is Implemented?

In the previous articles, we have discussed the details about the concept of value at risk (VaR) as well as...

Leadership in the Digital Age and Why Contemporary Leaders Must Master These Skills

The End of the Command and Control and Top down Hierarchical Organisations The Digital Age is well and truly upon...

Misdemeanours by Senior Leaders Must Be Handled Firmly and the Right Message Sent

Why Senior Leaders are Expected to be above Reproach and Role Models for Others Senior Leaders are supposed to be...

Backtesting Value at Risk (VaR)

Merely creating a model which calculates the value at risk (VaR) i.e. the greatest possible loss that a company can...

When Hope Meets Reality: Why Visionary Leaders Have to Balance Dreams with Realities

Why Successful Leadership is All about Finding the Balance between Hopes and Realities Management Theory talks a lot about how...

Advantages of Using Value at Risk (VaR) Model

Value at Risk (VaR) is the most prominently used methodology when it comes to gauging and mitigating the market risk....

Disadvantages of Using the Value at Risk (VaR) Model

The value at risk (VaR) model has several advantages, which is why it is used widely in different parts of...

Power as a Managerial Tool

Since time immemorial power has been a thing desired, coveted, feared and sometimes unleashed too to give people what they...

How Margins Are Calculated Using Value at Risk (VaR)

There are many organizations in the world that have billions of dollars invested in the financial markets. Most of these...

Why We Need More Self Aware and Less Self Centred Leaders, Who Can Self Evaluate

What is Self Evaluation? Why We Need More Self Aware and Less Self Absorbed Leaders Self Awareness is a key...

Market Risk Limits

The management of market risk is very difficult because the value of financial instruments traded in the markets changes very...

What is Tail Risk and How to Manage it

Most of the literature in market risk management is dedicated to explaining the methods which are used in the management...

The Upside of Market Volatility

The volatility present in the market is always mentioned in a negative manner. However, if one looks carefully at the...

Relationship between Volatility and Risk

Market risk and volatility are two terms that are heard a lot by many risk management professionals. To the layman,...

Importance of Data Quality in Risk Management

The overall risk management of a firm is largely based on statistical measures. This is because most of the models...

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...

Enterprise Risk Management (ERM) vs Traditional Risk Management

Enterprise risk management (ERM) is a buzzword that has been doing rounds in the risk management field for the past...

Benefits of Enterprise Risk Management

In the previous article, we have discussed the concept of enterprise risk management (ERM) and how it is different from...

Corporate Risk Governance

Undertaking financial and non-financial risks is the basic job of any business organization. In fact, profit is considered to be...

International Risk Governance Committee (IRGC) Framework

There are several organizations in the world that follow their very own risk management practices. However, there are some practices...

Failure of Market Risk Management

Any firm that sets up a risk management department wants to ensure that the department works efficiently and effectively. Just...

Mistakes to Avoid in Risk Management

The field of risk management has undergone a sea of change in the past few decades. At one point in...

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