The Basics of Reinsurance
Insurance is a tool which helps individuals protect themselves and diversify their risks. The concept of insurance is based on the fact that the risks will only affect certain individuals during a given period of time. Hence, if money is pooled by...
The Basics of Microinsurance
The global insurance industry is at a strange crossroad. On the one hand, the market is completely saturated in countries which are known to be the developed market. On the other hand, the developing countries are completely underserved. It has been estimated...
Business Dressing Etiquette
It is rightly said that “a man is known by his dress and address”. Donning the right business attire will not only help you make a mark of your own but also climb the success ladder in the shortest possible time span....
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 it is simply cheaper to perform it there. In these cases, employees often lose their source of income even though they are...
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 documents regarding the existence of the state treasury, accountants and auditors who were employed by the monarchs to protect the royal treasury....
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...
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 time and again, to eliminate the ‘so-called’ emotional drama at the workplace and foster ‘practical thinking’. This raises many questions. Is it...
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 in 1922. It was Weber who popularized the term and in his book gave a glimpse of the extensive research he had...
What is Business Communication
Communication is neither the transmission of a message nor the message itself. It is the mutual exchange of understanding, originating with the receiver. Communication needs to be effective in business. Communication is the essence of management. The basic functions of management (Planning,...
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 of the leadership studies conducted in the 1950s at the University of Michigan and the Ohio State University focused on these two...
