Benchmarking

Benchmarking is a term used in business operating procedures. To benchmark one’s business is to compare its entire standard operating procedures, with the one which is regarded as a pioneer, or is a tycoon in the relative market. Benchmarking is done to deduce...

Corporate Culture

Corporate culture is a collection of shared values, attitudes, beliefs, assumptions, and norms that create clear and successful business principles and operations which are helpful to attain higher degree of HRM and customer satisfaction. It is useful to understand...

Process of Group Decision Making

Group Decision Making The term group decision making is used when a decision regarding any particular issue or problem, is taken with the cooperation of two or more than two persons with their mutual understanding. In group decision making, there is a leader involved,...

Decision Making Process

The process of taking decision seems very easy but actually it is not, it has six steps associated with effective decision making process whether the decision is programmed or non-programmed. Decision Making Process Decision making process consist of six steps...

Transformational leadership

The term transformational leadership was used for the first time by Downtown. (Northouse. 2009) The leadership style that creates a positive and valuable change among its followers turning them into leaders by motivating and inspiring them is known as transformational...

Types of Decisions

Decisions are very important part in life; we take decisions at every moment in daily routine. If we choose a TV program to watch among several programs it means we took decision about which program to watch. Decision is a choice made from available alternatives....