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 traditional risk management. We also discussed how enterprise risk management (ERM) is now being adopted by an increasingly large number of companies...
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 off as a protest to the traditional approaches to public administration that focused on organizations, institutionalization, rules, and code of conducts etc...
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.),...
Myths of Business Ethics
Practically business ethics at the workplace connotes an alignment between what the organization values and how to go about it. It means that the all the day to day operations or activities carried out by employees are in tandem with the organizational...
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...
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...
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...
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...
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...
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 line staff and auxiliary agencies and the organization of business in departments based on the four principles of finance, process, clientele and...
