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 risks can now be traced to four basic causes viz. people, processes, systems, and external events. However, merely stating a risk as...
Cognitive Psychology
Cognitive Psychology is another school of thought which examines the internal processes or cognition and attempts to study the thought processes, memory and the stages involved in cognitive development on a long term basis. The two crucial characteristics of Cognitive Approach which...
Communicating Across Cultures
In these times when global corporations operate in many countries across the world, it is important for the employees in these organizations to know the nuances of intercultural communication. It is often the case that many Asian employees (especially the younger lot)...
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 study complex organizations is to view them as an open or a closed system. Before we try to understand the open and...
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 team, action is taken and clear assignments are made. These roles are duly accepted as well as carried out. Work needs to...
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. It is essential for the employees to work in close coordination, deliver their level bests and achieve the targets within the stipulated...
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 assists the client in strategically identifying and implementing solutions for overcoming organizational problems. They play the role of a facilitator and train...
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 such unique arrangement. Captive insurance is actually a part of an elaborate corporate strategy for many companies. It has also spawned different...
Cannabis Insurance
Cannabis businesses have recently been given industry status. About 25 of the 50 states in the United States allow usage of marijuana for medical purposes. Also, there are 4 to 5 states which allow the use of marijuana for recreational purposes as...
Business Negotiations
Negotiations can be called as a way of resolving disputes. It is considered as being synonymous to settlement, agreement, collaboration and bargaining. It takes place almost in all spheres of life – be it is business, personal circumstances (married life, parenting, etc.),...
