How Modern Decision Makers Have to Confront Present Shock and Information Overload We live in times when Information Overload is...
Personal grooming refers to an art which helps individuals to clean and maintain their body parts. Human beings need to...
Politics is an inevitable phenomenon faced by the employees in any workplace – virtual or collocated. The personal agenda of...
The Advantages and Disadvantages of Decision Making in the Digital Age The Digital Age is well and truly upon us....
Dressing plays an essential role in public speaking. It is the way you dress which speaks volumes about your personality...
Communication in true sense is the lifeline of every organization. Individuals irrespective of their designation and level in the hierarchy...
Personality development plays a crucial role in success of an organization. Employees are truly the lifeline of an organization. It...
Negotiating a salary is an action that can be difficult for many people. Walking into a room to ask for...
What is Self Evaluation? Why We Need More Self Aware and Less Self Absorbed Leaders Self Awareness is a key...
Why the Corporate Journey is like a Game of Snakes and Ladders All organisations, big or small, have power centres...
How does Top Down Management Work and how does Flatter Management Work? Traditionally, managers were used to the Top Down...
What is the #MeToo movement and how does it differ from Previous Movements The #MeToo movement is primarily an online...
Time Management is nothing but managing time well and doing the right thing at the right time. It is essential...
What is Learned Helplessness and How it Prevents Women from Speaking Out It is a known fact that most organizations...
The Business Case for Agile Organisations Each age or era in business has its own defining method of doing business....
The Emotionally Intelligent Manager The emotionally intelligent manager is one who has an inner rudder, defers gratification, and is empathic...
As #MeToo Turns Nearly A Decade Old, Time For Corporate America to Walk the Talk on D&I The viral #MeToo...
Future belongs to Flexible Public Sector rather than Machine Bureaucracies As the world around us is changing with concomitant changes...
Why are Tech Titans and Business Leaders Worried About the Post Pandemic Workforce? Why are so many Millennials (those aged...
Negotiations are Part and Parcel of our Daily Lives Negotiations are part and parcel of our lives. Whether it is...
What is Conflict of Interest and how does it arise? In recent months, we have seen a spate of scandals...
Culture and Group Behavior It is a known fact in management theory and practice that culture has a direct impact...
Traditional reinsurance companies have always made attempts to minimize risks associated with their business. Most reinsurance companies look at themselves...
What is Insider Trading ? In recent years, there has been a string of high profile convictions in the United...
Etiquette helps individuals behave in a socially responsible way. In simpler words, etiquette transforms a man into a gentle man....
A strong association between individuals sharing similar interest and goal is called as interpersonal relationship. It is important to have...
Why the Statement about Democracy Sparked a Huge Debate among the Indian Elites Recently, the Vice Chairperson of the NITI...
The field of risk management has undergone a sea of change in the past few decades. At one point in...
The pandemic has brought about radical changes in not just the way of life but also in the way organizations...
What’s New and What’s the Same in the Digital Age The Digital Age is well and truly upon us. Everywhere...
Why Successful Leadership is All about Finding the Balance between Hopes and Realities Management Theory talks a lot about how...
What is Emotional Intelligence and Why we need more High EQ Leaders and Managers Emotional Intelligence is defined as the...
What is Workplace Bullying and how it is Different from Sexual Harassment More often than not, we hear about organizations...
Karl Marx was one of the most influential philosophers and economists during the 18th century. His ideas relating to economics...
A discussion among individuals to reach to an alternative which involves the interest of all the participants is termed as...
Unlike male leaders, the reference point for a good leadership has been inadequately defined for women leaders. The traditional and...
Woodrow Wilson was the 28th President of USA (1913-1921) and is often addressed as the father of American Public Administration....
An organization is formed to achieve certain goals and objectives by bringing individuals together on a common platform and motivating...
Let us go through some workplace ethics: Rules and regulations ought to be same for everyone. Everyone needs to attend...
“I am in this job because I have no other option.” If this is what an employee of your company...
Preparing a leadership development plan is not an easy task. The entire process involves a comprehensive effort and careful planning...
In today’s competitive world, a good writing must engage a reader. Whether it is a proposal or a resume, the...
A good quality resume is a prime tool to apply for a job and what to do when you have...
Written communication has great significance in today’s business world. It is an innovative activity of the mind. Effective written communication...
It has been well established that people with strong communication skills perform better at workplace, primarily for the reason that...
How often we hear of business leaders and CEO’s who have just taken over proclaim that they would undertake radical...
What is Intrinsic Motivation and how does it tie in with the Great Resignation? Among the different types of motivation,...
The Necessity of Change and Change Agents World Over World over, the leaders of nations and firms are grappling with...
Many people think that corporate communication is all about glitzy press conferences in plush hotels and the hosting as well...
In the United States, the government of the United States is the biggest player in the flood insurance industry. This...
One of the big ideas being bandied about in recent times is the interaction of strategy, leadership, and the soul...
The success or failure of a business depends upon the composition of the team members and how motivated they are....
The World Economy is in a Perfect Storm of Economic Events The world economy is stagnating and while the stock...
Team Building and Experiential Learning In order to be effective, team building strategies must focus on building cohesion, unity, discipline,...
When credit default swaps first found their way into the global market, they were hailed as being a great invention....
What Differentiates Truly Great Leaders from Run of the Mill Leaders? There are leaders who run organizations and nations to...
The Tyranny of the Quarterly Results: How Short Termism Took Over Publicly listed companies are expected to file and report...
We have heard the story several times. A large conglomerate wants to implement a change management program, which it then...
What Makes Some Business Leaders Truly Great? Business Leaders such as Bill Gates of Microsoft, the Late Steve Jobs of...
Definition and Purpose of Bureaucracy What comes to your mind when you encounter the term bureaucracy? More often than not,...
Decision-making is an integral part of modern management. Essentially, Rational or sound decision making is taken as primary function of...
A set up which brings together individuals from different backgrounds, varied interests and specializations on a common platform for them...
P2P insurance, short for peer to peer insurance, is a relatively new form of insurance which has made its way...
We are now aware that reinsurance companies are created especially for taking up risk from other insurance companies. Most people...
The Concept of Sovereignty Sovereignty is a term that is used to refer to the independence and autonomy of modern...
Global Virtual Team work structure is fast emerging as the workplace reality in networked organizations. Global virtual teams (GVT) are...
Virtual team is an emerging new-age trend with followers across business sectors. Just like any other new trend, virtual team...
In the current hypercompetitive and fast-paced times, many innovations become obsolete before they could leave R&D labs and see the...
With an aim to leverage on the global talent, virtual teams are becoming the norm for team work in most...
Visionary Leaders and the Legacy they Leave Behind Leadership development is a process that encompasses all levels of the organizational...
Good manners come into play in every walk of life. It is essential for an individual to behave sensibly for...
The Volatility, Uncertainty, Complexity and Ambiguity (VUCA) Paradigm Business leaders in the 21st century operate in a vastly different terrain...
The fall of American giants such as Sears and Toys R Us has brought the focus back on vulture capitalists....
Employees indulge in politics to win appreciation from the superiors and tarnish the reputation of the fellow workers. Individuals who...
Yet another achievement in the discipline of communication was the Westley and MacLean’s model of communication proposed in the year...
What is a Diversity Scorecard and Why it is Important Typically, organizations have what is known as a Balanced Scorecard...
Types of Team Members in a High-Performance Team The key to the success of the High-Performance Teams is determined by...
When individuals with a common interest, goal, attitude, need and perception come together, a team is formed. Individuals need to...
Many organizations turn to virtual teams to reduce operational costs, faster problem solving and innovate. Depending on the temporal distribution,...
In the previous articles, we have seen how we can use exposure at default (EAD), loss given default (LGD), and...
The volatility present in the market is always mentioned in a negative manner. However, if one looks carefully at the...
Did you know that while in India or America a “Fantastic” or an “OK” sign is demonstrated by forming a...
The Uses and Abuses of Power No discussion on political science is complete without a study of how power is...
The modern approaches to risk management are data-driven. There are four basic steps to this approach which we will study...
The concept of value at risk (VaR) is closely connected with the concept of market risk mitigation. This is why...
The public budgets are different from other forms of budgets in many ways; here the voters delegate the power of...
In the previous article, we have studied about the concept of captive insurance companies. We have also enumerated the various...
Happened Change This kind of change is unpredictable in nature and is usually takes place due to the impact of...
The purpose of credit derivatives is to make sure that the interests of the buyers of protection are secured if...
Crisis refers to sudden unplanned events which cause major disturbances in the organization and trigger a feeling of fear and...
What is an Economic System? Any system that involves the mechanism for production, distribution, and exchange of goods apart from...
The credit limits concept forms the root of the credit risk management practice at most organizations around the world. Financial,...
When two individuals feel comfortable in each other’s company and decide to be with each other, they enter into a...
Managerial communication refers to interaction among managers and their subordinates within an organization. It is essential for managers to communicate...
The dialogue between individuals to come to a common conclusion benefiting all is called as negotiation. Negotiation refers to the...
The practices, principles, policies and values of an organization form its culture. The culture of an organization decides the way...
Let us go through the following personality types: The Duty Fulfiller – Such individuals take their roles and responsibilities seriously...
Power has been an important aspect of human civilization since time immemorial. Power might be physical, political or social. In...
Organizations hire public relations experts to position themselves strongly in the minds of target audiences, investors, stakeholders, employees and all...
Many experts tend to look at reinsurance as a homogenized industry. The idea is that reinsurance companies sell insurance covers...
Talk to any MBA aspirant or a job seeker, he/she can very well tell the importance of a Group Discussion...
Negotiation is a technique employed to avoid conflicts and decide something which would benefit all. Individuals negotiate with each other...
Interpersonal relationship refers to a strong association among employees either working together in the same team or same organization. Employees...
Leadership indeed becomes a challenging job, if managers do not understand their employees well. You can’t make employees work by...
Workplace ethics ensures employees are treated with utmost respect. It also leads to a sense of satisfaction among employees and...
Employees are the biggest asset of an organization. In today’s scenario of cut throat competition, individuals need to work together...
It is our etiquette which distinguishes us from animals. Etiquette helps us to stand apart from the crowd and leave...
It is often the case that companies are faced with a dilemma about whether the change initiatives must be driven...
The previous articles touched upon the role of hierarchy in decision making. In this article, we consider whether top down...
Credit default swap is the most commonly known derivative which is based on swaps. However, it is not the only...
What are Toxic Workplaces and what Characterizes Them? Workplace culture is very important for organizations to bring the best out...
In the face of the complex and unique virtual work environment, organizations are required to invest in the training and...
The trait model of leadership is based on the characteristics of many leaders – both successful and unsuccessful – and...
We have introduced the concept of Transleader in the previous articles. We discussed how a leader who is integral to...
The transactional style of leadership was first described by Max Weber in 1947 and then by Bernard Bass in 1981....
Leaders play a crucial role in steering organizational change and inspire or stimulate people for achieving excellence at work by...
In the present competitive scenario, modern organizations are faced with several challenges from the external environment which are political, social...
An extensive review of the literature details would reveal that both practitioners and academics have explained transformational models with varied...
Transformational leadership is one of the many kinds of leadership that is usually on display in the real world. The...
Creating high-performance workforce has become increasingly important and to do so business leaders must be able to inspire organizational members...
What Makes Some Leaders Truly Great There are leaders and then, there are Leaders. To explain, any entity, whether commercial...
A single brain sometimes is not capable of taking critical decisions alone. An individual needs the support and guidance of...
Various self-motivation techniques are practiced by leaders for ensuring achievement of the pre-defined objectives. Self-motivated leaders evolve and improve continuously,...
The Fintech revolution has startled many industries. Insurance is one of the industries that have been affected. A large percentage...
What are Telephone Etiquettes ? Telephone is an important device with the help of which people separated by distance can...
Terrorism is a grave risk that is being faced by the entire world. When an event related to terrorism occurs,...
Introduction to Organizational Communication Organizational communication as a field has grown immensely in scope and depth over the last few...
Brain Lateralization theory stress on the fact that the two halves of the brain known as right and left hemispheres...
In 1960, Douglas McGregor formulated Theory X and Theory Y suggesting two aspects of human behaviour at work, or in...
What do you understand by Organization culture? Organization culture reflects the working conditions, behaviour of employees, their thought processes, beliefs...
The value at risk (VaR) model is a mechanism of calculating the maximum probable loss from a given data set....
Time Management refers to making the best possible use of available time. Managing time well enables an individual to do...
Time Management refers to making the best possible use of time and doing the right thing at the right time....
The judicious use of time by an individual to succeed in all aspects of life refers to Time Management. Time...
Time management refers to the judicious use of time for achieving success in life. Time Management helps an individual to...
Time Management helps individuals assign correct time slots to activities as per their importance. The right allocation of time to...
Individuals should work in teams at workplaces so that the work is accomplished at a much faster rate and errors...
Whether it is a job interview or a follow-up interview with selected respondents who filled a survey questionnaire, it is...
One can be an extremely hard working and intelligent worker, but to taste success in the fierce competitive world, one...
“Wow Factor” is about achieving harmony or a balance between the distinguishable qualities, your new passions, and strengths. The wow...
MBA Aspirant needs to master his communication skills to perform exceptionally well in MBA from a reputed Business school and...
Systems Model of Change The Systems Model of Change or Organization-Wide Change lays more emphasis on the fact that a...
Most of the literature in market risk management is dedicated to explaining the methods which are used in the management...
Well, until a few years ago, talent management was just a function of HRD. And even the largest of the...
Teams are formed to ease the work pressure on the individual and achieve the targets within the desired time frame....
Team-building games and activities can be an excellent tool for corporate organisations to bring employees together. Through indoor and outdoor...
Teams are formed when individuals with a common taste come together on a common platform to achieve a predefined target....
When individuals with similar interest, attitude, and taste come together to work for a common objective, a team is formed....
It is important for any team to make an assessment of their current strengths. This will provide the basis for...
Teams are becoming a key tool for organizing work in today’s corporate world. Teams have the potential to immediately amass,...
In spite of the best intentions of the organization, as well as the best efforts put in by the team...
There are some tasks which can’t be done alone. Individuals need to come together, discuss things among themselves and work...
Teams are the principal building blocks of the strategy of successful organizations. The focus of your organization may be on...
A group heading towards a common objective will perform best when it is motivated as a team. Team motivation is...
The Transformational Leadership of Steve Jobs Anyone and everyone who owns a Smartphone must be thankful to Steve Jobs, the...
The average consumer believes that most of the money that insurance companies collect in the form of premium ends up...
What is Strategic Change? In response to the fast changing and fluid marketplace and industry landscapes, many management thinkers came...
High-Performance teams can be of various types depending upon the objectives or the goals which are required to be fulfilled,...
It is rightly said that organizations are individual’s first home as one spends the maximum time here. Employees must treat...
Effective communication is the process of successful transmission of the message from the sender o the receiver. If the receiver...
In the previous article, we have already studied how expected and unexpected losses are calculated using statistical techniques. However, there...
The structural functional approach to public administration is a term adapted from sociology and anthropology which interprets society as a...
Success Factors for Teams There are many factors that ensure a team’s success or failure. Among them, the three most...
Rise above Social Stratification All societies are stratified and have elements of hierarchy amongst their members. If the notion of...
Socio-Cultural perspective of psychology takes into account those larger forces emanating from the societies and cultures that affect the individual’s...
In the previous article, we have explained why regulation is important for the insurance industry. We have also understood how...
Ethics in general refers to a system of good and bad, moral and immoral, fair and unfair. It is a...
Employees are the building blocks of an organization. Organizational success depends on the collective efforts of the employees. The employees...
Interpersonal relationship refers to a strong association between individuals sharing common interests and goals. A sense of trust, loyalty and...
Shannon and Weaver model is the most popular model of communication and is widely accepted all over the world. Let...
Sigmund Freud was born in 1856 in Austria, but lived mainly in Vienna. The founder of Psychoanalysis school of thought...
Leaders are role models who influence the culture, values, thoughts and actions of the organization and its people. The leadership...
As we know that the situational leadership theory proposes that a leader needs to change his/her leadership style as per...
Leaders are essentially people who know their goals and have the power to influence the thoughts and actions of others...
Teams are formed when individuals with a similar interest, taste, need and even attitude work together to achieve a common...
Imagine what would our life be without any mode of communication among individuals? The world would have been a dead...
Scarcity and Abundance We often hear the terms scarcity and abundance mindsets of employees and employers in addition to leaders....
Scenario analysis is the third pillar of the framework suggested by the Bank of International Settlements in their Basel norms....
After learning the Shannon weaver model, let’s find out about Schramm’s model of communication which has its roots from the...
This model of change is one of the unique models of change as propounded by Cynthia Scott & Dennis Jaffe...
Leaders are responsible for creating and realizing the vision by encouraging the followers to work towards the fulfilment of a...
Almost all of the tech giants in the world today are trying to launch their version of self-driving cars. Diverse...
Self-motivation for the leaders is of paramount of importance because as leaders they should be self-motivated first before motivating their...
Self-motivation is a power that drives us to keep moving ahead. It encourages continuous learning and success, whatever be the...
The process of sensation involves transmission of information to the brain by the sensory receptors like nose, eyes, ears, mouth...
With the help of our senses we are able to make sense of the world we live in. The study...
Gustation (Sense of Taste) The gustatory system comprise of three crucial parts: the mouth, tongue and also the taste buds...
What is Organization ? A common platform where individuals from different backgrounds, mentalities, educational qualifications, interests and attitudes come together...
The early phase of development of a virtual team is crucial for its success. Just like the foundation defines the...
There are 7 C’s of effective communication which are applicable to both written as well as oral communication. These are...
These days, the importance of Human Resource Management can not be neglected especially when companies are operating in such a...
We have seen how various factors contribute to the propagation of change within an organization. For instance, change can be...
The Importance of Institutions and their Role in State Development The previous articles in this module have briefly discussed the...
In 2017, Forbes magazine named #MeToo movement as the “person of the year.” This is because the #MeToo movement has...
A sequence of sudden, unplanned and unexpected events leading to instability in the organization and major unrest amongst the individuals...
Employees indulge in politics to make their position secure at the workplace and spoil the reputation of their fellow workers....
Organizational diversity enables individuals from diverse backgrounds, religions, communities, age groups, experiences, educational qualifications and so on to work on...
It is rightly said that if you get a good boss, you are the luckiest employee and if your boss...
Management plays an essential role in inculcating workplace ethics in employees. Bosses need to set an example for their subordinates....
Individuals working together in the same organization tend to come closer to each other. Interpersonal relationship refers to a strong...
Do you find it difficult to complete assignments on time ? “Remember time once gone never comes back.” Doing the...
A team is formed when individuals with a similar interest come together to realize a common dream. The team members...
The process of enhancing one’s personality refers to personality development. An impressive personality helps an individual to make a mark...
An impressive personality goes hand in hand with good communication for an effective negotiation. A charming personality is the key...
The critical role of public administration as defined by John Rohr (a leading scholar of the US Constitution and its...
It is often the case that when change programs are initiated in firms, there is a level of resistance from...
A single brain sometimes cannot take decisions alone. One needs the assistance and guidance of others as well to accomplish...
Following are the main roles of a leader in an organization: Required at all levels- Leadership is a function which...
Under normal circumstances, a reinsurance company operates as a partner with its ceding insurance company. The reinsurance company wants to...
Conflict arises when individuals strongly oppose each other’s opinions and views and are not willing to compromise with each other....
The other articles in this series on Change Management have listed the business imperatives for change as well as the...
Communication is a process where the information flows from the sender to the receiver through some medium. Ted to Jenny...
The dissimilarity in the ideas and opinions of individuals result in a conflict. One needs to adjust with each other...
Communication plays an essential role in public speaking. There is a difference between speaking to someone in private and connecting...
An effective communication is a vital key to a successful group discussion. Remember you are not the only one speaking...
Communication plays an important role in negotiation. What is negotiation ? Negotiation is nothing but a discussion among individuals to...
The ideologies, principles, rules and policies of an organization form its culture. The ways the employees interact amongst themselves and...
Communication is indeed an effective tool which plays an important role in binding employees together. Communication plays a crucial role...
Communication plays a crucial role in not only overcoming challenges in leadership but also strengthening the bond among employees. Bosses...
To deliver an effective presentation or speech, an individual has to take care of his communication and it has to...
A team is formed when individuals with a common goal come together on a common platform. The team members must...
Confidence and attitude play an essential role in public speaking. One needs to be confident in front of his/her audience...
Effective communication plays an important role not only in organization but is equally important in personal life. Role in Organization...
Public Speaking refers to the art of communicating with a large audience. Public speaking definitely plays an important role in...
Negotiation is defined as a discussion among individuals where everyone contributes equally to reach to a conclusion benefiting all. Lot...
Employees indulge in politics to save their job and gain attention without working hard at the workplace. Individuals strive hard...
The art of managing an emergency situation at the workplace through effective planning and quick action refers to crisis management....
Individuals need to get along well with their fellow workers for a positive ambience at workplace and also for healthy...
A place where individuals from different backgrounds, religions, communities come together on a common platform to work towards a predefined...
Employees are the backbone of every organization. They play a crucial role in controlling and also reducing the threats to...
Organizational structure is the driving force behind the performance and growth of the organization. For an organization to achieve success...
As a key strategic function, HR can facilitate teams for High-Performance and achieving superior quality benchmarks at work. The Human...
Return on Investment is a popular analytical tool which is used to measure the benefits relative to the cost. There...
In case of traditional co-located teams, pizza parties, lunch/dinner outings etc. are common approaches to celebrating team success while cash...
The Birth of the Modern Nation State In earlier centuries, it was the norm for kings to rule and kingdoms...
Globalization and Parochialism Concomitant with the globalization of the world there has emerged a trend wherein in countries around the...
Risk and control self-assessment (RCSA) is an internal procedure used to identify, assess, and mitigate operational risks within a company.1...
The organizational game is changing fast these days. The HR manager today acts as an associate with line management to...
There is a common misconception about risk management that the goal of risk management is to completely eliminate the risk...
Risk management has evolved from being just a discipline to a full-fledged profession that lots of people are choosing these...
What does risk management mean? Is it just identification, assessment and planning and controlling social, economic or physical threat to...
There is an old saying in management that “whatever gets measured gets managed”. This is truer in the case of...
Any project immaterial of the size of the same carries a lot of risks, which may be financial, non-financial, legal...
The policy of risk management is unique to every organization. Practices that may be considered acceptable in one organization may...
In order for businesses to run smoothly, risks need to be identified and managed. This is especially true in our...
In stock market there is strong relationship between risk and return. Greater the risk, greater the return generally! In financial...
A risk treatment is mandatorily a part of an effective risk management plan. The plan here means how you respond...
Global Businesses operate in an international environment that is volatile, unpredictable, uncertain, and accelerated. The term VUCA or Volatility, Uncertainty,...
Individuals from different backgrounds and varied interests come together on a common platform called organization to achieve targets as well...
In the previous article, we have already seen what reinsurance brokers are and why they are so important to the...
We now know that a reinsurance contract is a contract between an insurance company and a reinsurance company. However, up...
In the previous article, we have already seen that the scope of coverage of reinsurance policies can become quite complicated...
When an individual or a company takes an insurance policy, the risk that they are indemnifying themselves against is very...
In the previous articles, we have already studied what a catastrophe is and how it impacts the reinsurance market. Catastrophe...
In the previous articles, we have already studied about what reinsurance is. However, we have assumed that most ceding insurance...
The basic laws of demand and supply work in the reinsurance market just as they work in other markets of...
In the previous article, we understood what reinsurance is. We also studied the various types of reinsurance contracts that are...
It is common for insurance companies to not hold the entire risk that they underwrite on their own portfolios. Instead,...
A Failure of Leadership in Management ? The world is facing unprecedented upheaval and chaos in virtually every sphere of...
Market risk and volatility are two terms that are heard a lot by many risk management professionals. To the layman,...
In a business setting mangers are put to test when they face the challenge of resolving an ethical dilemma. Often...
While writing about resume, the first thing that came to my mind is the unique comparison of a Resume with...
A resume is also known as CV or curriculum vitae. Resume is an influential and credible summary of an individual’s...
The purpose of reinsurance companies is to share risks with insurance companies. This risk-sharing can happen to different degrees. For...
Effective leaders have great inspirational qualities. True leaders are gifted with exceptional influencing and charismatic qualities, which can drive others...
A leader has got multidimensional traits in him which makes him appealing and effective in behavior. The following are the...
Last year Bob Stuart was given the ‘Best Team Leader’ award because his team had delivered all the milestones accurately...
Politics arises when employees try to gain something which is beyond their control by tarnishing their colleague’s reputation. It has...
Change is an important and an indispensable part of the organizational life. It is all pervasive and hence comes the...
The Basel norms suggest that organizations assess their own credit risk internally. In order to do so, they are required...
The previous articles in this module discussed how diversity as a core value is important for organizations. We have also...
Reinforcement theory of motivation was proposed by BF Skinner and his associates. It states that individual’s behaviour is a function...
Ceding insurance companies take reinsurance in order to protect themselves from massive losses that may occur when catastrophes occur. The...
All insurance companies face foreign exchange risks to some extent. However, all insurance companies are not equally concerned about foreign...
The purpose of reinsurance is to financially help the ceding insurer when they face very high losses which are linked...
The Mystery of Capital In previous articles, we discussed the concept of property and how the measure and nature of...
In the previous article, we have already learned about how fronting works in reinsurance. We now know how different entities...
In the previous article, we have already studied the concept of layering and how it related to reinsurance policies. We...
In the previous article, we have already seen how reinsurance pools work. We have also seen how the governments of...
In the previous article, we have already studied about the concept of reinsurance sidecars. We now know what reinsurance sidecars...
What is Unemployment Assistance and Why it Matters in the Present Times World over, there are many countries that provide...
The primary purpose of credit risk management is to avoid credit losses i.e. credit events that negatively impact the cash...
The term Psychological Contract gained popularity during the 1960s when its description and definitions were mentioned in the studies of...
Nature and Nurture Relationship or Interdependence: This is one of the most crucial areas of the Psychologists ever since the...
Psychology as a field of study has evolved considerably over last few years with different perspectives, approaches and research interests...
At a first glance it seems easier to accept public administration as an art. It is just the administration of...
The developed countries are identified by certain parameters like highly developed economy, greater technical infrastructure, high GDP and net income...
The study of History is often cited as important to understand the present as well as the future. The study...
Bureaucracy is not an obstacle to democracy but an inevitable complement to it. Joseph A. Schumpeter The above quote by...
The expansion of public sector into industrial enterprises has been into practice for quite some time, a little over half...
The public enterprises came into existence as a result of the expanding scope of public administration. The advent of the...
We remember reading about the Wilsonian philosophy of public administration and the famous dichotomy of politics and administration. After Wilson,...
Public Relations experts ought to possess the following skills for a highly successful and rewarding career. Excellent Writing Skills A...
Models of public relations were proposed by James E. Grunig, a noted public relations theorist who has to his credit...
Various organizations have laid down principles for risk management. There are risk management principles by International standardization Organization and by...
The world has been in economic turmoil for the past century. One crisis after other has struck in different parts...
Population Growth Among all the developing countries, population growth remains one of the reasons for these countries to remain poor....
The need for program evaluation and monitoring Though the non-profits sector is not a sector where each pie of money...
We have read about the famous Wilsonian dichotomy of politics and administration and after the Second World War the diminishing...
The Nature of Political Revolutions An often-overlooked aspect of the modern political economy is the capacity for change and renewal...
Political Science and Other Social Sciences As mentioned in the introductory article in this module, political science is the systematic...
We have read about the dichotomy between the politics and administration. Subsequently, we also read about how the later authors...
The Digital Revolution and Powershift Ever since the first personal computers began to make their presence felt in the late...
The Concept of Civil Liberties and Human Rights An important topic in political science concerns the provision of civil liberties...
A Pillar of Democracy The political system in any country is that part of the state apparatus that is in...
Political Systems and Gridlock around the world There are different types of political systems in different countries around the world....
Different Political Systems around the World There are many different types of political systems around the world. Whereas the political...
In the previous section we read about the Weberian Model of Bureaucracy and its various aspects, however like all models...
Power and Politics in Organizations Power and politics in organizations are a reality that no organization can ignore. Though the...
Since time immemorial power has been a thing desired, coveted, feared and sometimes unleashed too to give people what they...
Change Management in an organization aims at realizing the strategic goals and improving an organization’s preparedness for meeting both internal...
The art of connecting to a large audience refers to public speaking. In today’s fast paced world where everybody is...
Michael was working as a Brand Promotions Manager with a reputed firm. He was doing very well and was the...
A difference in the opinions, values, understandings and thought processes of individuals lead to a conflict. When individuals strongly oppose...
An individual alone can’t create wonders. He needs the support of others as well to discuss things and evaluate the...
Perceptual illusion occurs when a stimulus is perceived inaccurately. It can equally be explained as a sensory distortion in scientific...
Performance appraisal is considered as a challenging task by many business managers. It becomes all the more daunting in case...
The All Pervasive Technology and the Inevitability of Technology Driven Decision Making Technology is all around us. Wherever we look...
The Worldwide Rise of Strongmen and the Dangers of Personality Cults World over, there is the rise of strongmen and...
Personal grooming plays an essential role in enhancing one’s personality. Remember, a lot depends on your first impression. Grooming and...
Every leader has a personal leadership brand which might be carefully cultivated or intuitively perceived by leaders themselves and their...
Personality development plays a crucial role in enhancing one’s personality. It helps an individual to develop a positive attitude and...
Let us go through some tips for enhancing one’s personality: Smile a lot- Nothing works better than a big smile...
Personality refers to an individual’s way of interacting with people around; his behavior towards others, attitude, thought process and way...
An individual’s behavior towards others, attitude, characteristics, mindset make his personality. Personality development is defined as a process of enhancing...
Employees form the core and the backbone of any organization and public organizations are no different. According to authors William...
Leadership is as much about having a vision and communicating it to the followers as it is about the art...
The Phenomenon of Failed States The previous articles discussed how state formation and state development takes place in the world....
To emerge as a winner and stand apart from the crowd in today’s fierce competitive world, an individual must have...
Time Management plays an essential role in corporates and helps employees to finish off assignments on time. Doing the right...
Let us go through few strategies for organizational diversity: Treat all individuals equally irrespective of their designation, back ground, community...
An organization is formed when individuals from different backgrounds and varied interests come together on a common platform and work...
The process of Transition Management involves the implementation of change through systematic planning, organizing and implementation of change to reach...
Organizational Diversity in the West The practice of organizational diversity in contemporary organizations around the world offers some insights into...
Why do you think an individual is recruited? Is it because he/she is qualified enough to do justice to a...
According to organizational diversity, individuals from diverse backgrounds, religions, communities, age groups, genders come together on a common platform to...
The previous articles introduced the concept of organizational diversity and how the various supporting laws and regulations square up against...
Organizations need strong leadership for optimum effectiveness. Leadership, as we know, is a trait which is both inbuilt and can...
Over a past few decades the concept of “Organizational Learning” has acquired increasing importance, due to rapid changes in the...
Relationship Between Organizational Structure and Culture Organizational structure determines the organizational behavior and influences the organizational culture. In addition, design...
Organizational vision & mission, provide a sense of purpose or establish the the reason of existence of an organization. According...
Dealing with Radical Change We live in times when change is the only constant. Indeed, organizations now compete in an...
High Sounding Rhetoric and the Reality of Diversity and Inclusivity Diversity and Inclusivity (D&I) is on everyone’s mind. With the...
Managing risk efficiently and effectively can be a determining factor in the overall success of any organization. Most of the...
The reinsurance industry is a highly competitive globalized industry. It faces several challenges from all over the world. The issue...
Research has shown that the best way to get the senior managers at all levels interested in the change initiatives...
There are a lot of communication barriers faced these days by all. The message intended by the sender is not...
According to Kotter and Schlesinger (1979) proposed six crucial techniques for overcoming the resistance to change. These are given below:...
Etiquette is all about behaving in a socially acceptable way. An individual should behave in a certain way at the...
Introduction A network society refers to the phenomenon related to the social, political, economic and cultural changes that have occurred...
The term new public management was coined by scholars from UK and Australia (Hood 1991 and Hood and Jackson 1991),...
The previous articles in this module discussed the various aspects connected with the non-profits and how they link together with...
Scenario 1 – You are sitting in front of an interview panel with arms crossed. So far you have not...
Management of Nonprofits By definition, the nonprofit sector operates in the humanitarian goals and objectives space. This means that many...
An important concept in the field of decision making is the OODA Loop or the Observe-Orient-Decide-Act loop. This refers to...
Etiquette refers to behaving in a socially responsible way. Etiquette teaches individuals to be civilized and create an everlasting impression...
Politics is inevitable wherever there are groups of people and wherever there are blocs of people competing for the same...
The millennial consumers are remarkably different from their predecessors. This is true in the sense that whilst earlier generations preferred...
We had discussed how the OODA Loop or the Observe, Orient, Decision, Action loop works in helping to make better...
An organization is a setup where individuals from diverse backgrounds, different educational qualifications, varied mentalities and temperaments join hands to...
In the previous few articles, we have studied about the concepts of risk management in general. However, merely understanding general...
Oral communication implies communication through mouth. It includes individuals conversing with each other, be it direct conversation or telephonic conversation....
In the previous article, we have read about what multi-year reinsurance contracts are. We now know what these unconventional contracts...
Global Crises Need Global Solutions Global crises require global solutions, so goes the new motto of policymakers around the world....
Decision Making in the Past and Decision Making in the 21st Century Decision-making is a process that involves responding to...
In the contemporary business environment, organizations fight the battle of competition by building their adaptive capabilities and preparedness for coping...
The Glass Ceiling and the Persistent Problem of Gender Discrimination More often than not, corporates pay lip service to gender...
Need for Modern Day Leaders to Adopt a Hands-on Approach It is often assumed that leadership is all about having...
From Global to Glocal to Local: How the Wheel has turned Full Circle There was a time during the initial...
The Age of Networks We live in the Age of Networks. Networks are everywhere and anywhere and real-time connectivity and...
When individuals find it difficult to adjust with each other, the best way is to sit together and discuss among...
What is negotiation ? Negotiation is defined as a discussion among individuals, each one trying to present his best idea...
Negotiation is referred to as the style of discussing things among individuals in an effort to come to a conclusion...
Netting is a procedure that is commonly used by organizations all over the world to reduce their counterparty credit default...
Etiquette refers to good manners required by an individual to find a place in the society. It is important for...
In order to manage any type of risk, it becomes important to measure it. Now, credit risks manifest in different...
Mintzberg and Quin (1991) proposed 4 broad situational factors which can influence the extent to which an organization can change....
Why Senior Leaders are Expected to be above Reproach and Role Models for Others Senior Leaders are supposed to be...
There are several books that have been written about the steps that need to be undertaken in order to be...
Etiquette refers to good manners which help an individual find his place in the society. It is essential for an...
Negotiation is defined as a discussion among individuals to reach to a conclusion acceptable to one and all. It is...
Several models of Change Management have been suggested by several management consultants, social scientists and clinical psychologists till date for...
We all are familiar with the classical theories of motivation, but they all are not empirically supported. As far as...
A reinsurance contract is essentially a contract between a ceding insurance company as well as a reinsurance company. Under plain...
The political framework and the structure of the legal systems anywhere across the world depend on the concept of sovereignty....
Morale can be defined as the total satisfaction derived by an individual from his job, his work-group, his superior, the...
Incentive is an act or promise for greater action. It is also called as a stimulus to greater action. Incentives...
Motivation seems to be a simple function of management in books, but in practice it is more challenging. The reasons...
Why is Change Resisted ? Any change anywhere, be it among nations, organizations, societies, or even families is hard to...
Virtual workplace is a new age reality of 21st century organizations. Though on one hand it offers flexibility and adaptability...
Crisis refers to a sequence of unwanted events leading to major disturbances at the workplace. It triggers a feeling of...
Introduction The emergence of the network-based organizational structures and a movement away from the hierarchical structures that were the hallmark...
In the previous articles, we have studied how the value at risk (VaR) models should be used to calculate risks....
There have been many advances in the field of credit management. Mark to market accounting is one such innovation. Mark...
The management of market risk is very difficult because the value of financial instruments traded in the markets changes very...
The concept of market risk has always been around ever since financial markets have existed. However, the measurement and management...
The global financial system is connected to markets. Markets are where companies go to if they want to raise funds....
Does marketing agility really make sense, or is it like another buzz word? The question itself carries sagacity because it’s...
Karl Marx has often been cited as the most powerful personality in the history of human civilization. He was a...
Download PPT for Complete Course on Maslow Need Hierarchy Model Total Slides: 49 Human behavior is goal-directed. Motivation cause goal-directed...
Abraham Maslow is well renowned for proposing the Hierarchy of Needs Theory in 1943. This theory is a classical depiction...
David McClelland and his associates proposed McClelland’s theory of Needs/Achievement Motivation Theory. This theory states that human behaviour is affected...
McKinsey 7S model was developed by Robert Waterman and Tom Peters during early 1980s by the two consultants McKinsey Consulting...
A loss distribution approach is a common approach followed by risk management practitioners in order to identify and evaluate the...
Most reinsurance treaties are structured in an excess of loss format. This means that the reinsurer is liable to pay...
The Psychodynamic Perspective: As per the Psychodynamic approach, human behaviour is an outcome of the role played by various psychological...
Here are few tips to ensure a great presentation… State the Objectives: A presenter must ensure that he/she understands the...
An effective management goes a long way in extracting the best out of employees and make them work as a...
The success and failure of an organization is directly proportional to the effectiveness of the management. The superiors must share...
The art of getting employees together on a common platform and extracting the best out of them refers to effective...
Managers need to interact with each other as well as with their team members on a regular basis not only...
An individual needs to possess certain skills for effective managerial communication. Let us go through various skills required for effective...
It is essential for employees to communicate effectively with each other for better understanding as well as increased productivity at...
The previous articles in this module discussed the ways and means of attracting diversity and how to recruit diverse teams....
The Forces of Chaos The business landscape of the 21st Century is characterized by increasing complexity, disorder, intense competition, hyper...
The business of reinsurance is to provide coverage against catastrophic events which may be caused by the wrath of nature....
“Leadership and managership are two synonymous terms” is an incorrect statement. Leadership doesn’t require any managerial position to act as...
How Leaders Often “Lose the Plot” Midway through the Change When organizations embark on change initiatives, it is necessary for...
High-performance teams comprise of a group of people having complementary skills which are aligned with the objective of fulfilling a...
A set up where individuals from different backgrounds, educational qualifications and varied interests come together on a common platform to...
What is Leadership by Optics and Perception Management and the Leaders excelling at it? In times when media is so...
Leadership is a continually evolving skill. By learning more about yourself, your strengths and weaknesses, you can determine your developmental...
Leaders, Managers, and Crisis Leaders Often, there is some confusion about what managers do and what leaders do. While the...
The global virtual teams are characterized by team members located in different geographies and time zones with information and communication...
Ethics refer to the desirable and appropriate values and morals according to an individual or the society at large. Ethics...
The previous articles discussed the importance of transformational leadership in the corporate world. This article looks at the traits and...
Leadership When Faced with a Perfect Storm of Collapsing World It would not be an exaggeration to say that we...
Introduction Leadership is both an art and a science. For actualizing effective and efficacious leadership, leaders must first articulate a...
The End of the Command and Control and Top down Hierarchical Organisations The Digital Age is well and truly upon...
Leadership in the Face of Adversity The best leaders are those who can face adversity and turnaround their companies from...
Leadership in Times of Crisis The world is changing at a frenetic pace and with these changes; the world of...
Leadership and management are the terms that are often considered synonymous. It is essential to understand that leadership is an...
Motivation is a goal-oriented characteristic that helps a person achieve his objectives. It pushes an individual to work hard at...
Without an effective leadership strategy, it is believed, that the organizational strategies do not work. Best players in a team...
All leaders do not possess same attitude or same perspective. As discussed earlier, few leaders adopt the carrot approach and...
Just as management knowledge is supported by various theories, the leadership function of management too is authenticated by various theories....
Trust seems to be the key trait linked with leadership. A leader cannot lead if his followers do not trust...
True leaders have a vision, that is, they have a potential to view the present as it is and to...
The concept of learning is quite comprehensive as it covers a broad range of activities. In many books, the theories...
The Downfall of Charles Ghosn and his Sudden Fall from Grace Over the last few days, the global media has...
Introduction Statistics show that only 49 percent of all Fortune 1000 companies have women on their senior management and that...
We have always associated leadership with a very visible and popular role which gives you recognition and a larger than...
Rensis Likert and his associates studied the patterns and styles of managers for three decades at the University of Michigan,...
In the previous few articles, we have studied how reinsurance contracts work. We now have a deep understanding of the...
Informal observation of leadership behavior suggests that leader’s action is not the same towards all subordinates. The importance of potential...
An interview means a face to face interaction between the interviewer and the candidate/candidates so as to obtain desired information...
Leaders are Made and Need to Have Three Key Characteristics The cliche that leaders are made and not born signifies...
Successful organizations evolve at lightning speed for remaining competitive and gaining a winning edge across the industry. This can be...
The fourth and last step for risk management suggested by the Bank of International Settlements in its Basel Norms is...
There are different kinds of change that an organization might undertake or be forced to undertake because of internal and...
Knowledge Management is defined as the use of different practices and techniques to collect, store and share Knowledge including information,...
The entire subject of risk management is based on the ability of the manager to identify, value, and then mitigate...
John Kotter (1996), a Harvard Business School Professor and a renowned change expert, in his book “Leading Change”, introduced 8...
Kurt Lewin’s Three Stages model or the Planned Approach to Organizational is one of the cornerstone models which is relevant...
The various communication modes provide us the various routes and channels through which the data and information can flow among...
There are several organizations in the world that follow their very own risk management practices. However, there are some practices...
An association between individuals working together in the same organization is called interpersonal relationship. An individual spends around seven to...
A strong association between individuals with similar interests and mindsets is called as interpersonal relationship. No one on this earth...
In today’s world nothing can be done all alone. We need people around who can help and guide us at...
Interpersonal relationship refers to a strong association amongst individuals with similar tastes, aspirations and interests in life. It is essential...
Interpersonal relationship refers to a strong association among individuals working together in the same organization. Employees working together ought to...
Etiquette refers to good manners which help transform a man into a gentleman. An individual must behave well in public...
In the previous articles, we have already studied about the concept of reinsurance. However, the reinsurance we have studied is...
The previous article introduced the concept of leadership development and the steps that organizations can take to ensure that leaders...
Perception which is derived from the term “Percept” refers to a series of processes which we have to undergo to...
Why One Should Invest in Oneself A recurrent theme among the leaders and the potential leaders is about how to...
The instructional approach to the study of public administration concerns itself with the institutions and organizations of the State. The...
Most individuals buy insurance policies through insurance agents. These insurance agents are often individuals who work on behalf of one...
When we define reinsurance, we often say that is a type of insurance for insurance companies themselves. This statement gives...
It is essential for an individual to behave in a socially acceptable way. Etiquette helps an individual to be different...
Increased and improved communication in today’s internet age has led to intercultural communication. People talk and communicate across states, cultures,...
Internal Controls and the NGO Sector In previous articles, we discussed the proliferation of the NGOs or the Non Governmental...
International business ethics emerged quite late globally compared to the business ethics that came up in 1970’s. It was only...
A common platform where individuals work in unison to earn profits as well as a livelihood for themselves is called...
An individual’s personality refers to his/her appearance, characteristics, attitude, mindset and behavior with others. Let us go through the importance...
Public relations refers to the practice of enhancing an organization’s reputation and image in the minds of target audience through...
The resume acts as a bridge between you and the prospective recruiter. Hence the importance of a resume can never...
Employees are the assets of every organization and its success is directly proportional to the hard work every employee puts...
Teams are formed when individuals with a common taste, preference, liking, and attitude come and work together for a common...
Who are Thought Leaders and Why they are Important? We often hear the terms, Thought Leaders and Influencers, being bandied...
Workplace ethics ensures positive ambience at the workplace. Workplace ethics leads to happy and satisfied employees who enjoy coming to...
Leadership is an important function of management which helps to maximize efficiency and to achieve organizational goals. The following points...
Motivation is a very important for an organization because of the following benefits it provides: Puts human resources into action...
Communicating effectively is an art and must be practiced effectively at workplace for better output and successful achievement of goals...
An individual might have an extremely pleasing personality, in depth knowledge of the subject, a good and a very strong...
Work Politics in certain cases can also develop inner skills of an individual. Let us find out how office politics...
A reinsurance contract between a ceding insurer as well as a reinsurer can last for a long period of time....
Individual sources of resistance towards a change exist in the basic human tenets or characteristics and are influenced by the...
Individuals have a tendency to think and question before performing. This is fruitful in analysis and forecasting of individual’s behaviour....
Introduction It is said that humans are social beings and hence, have an innate need to communicate, relate, and exchange...
Technology is the common denominator which generally creates a huge impact on almost all industries. Big data and artificial intelligence...
In the previous article, we have understood why data quality is important in the field of risk management. We also...
Once an organization decides to go for Enterprise Risk Management, the challenge is the implementation. At the ground level there...
The developing countries of the world are concentrated in the regions of Asia, Africa and Latin America. The developing nations...
Audit is an instrument, a tool of financial control, which is employed by the public or private sector or an...
Let us first understand what does character mean? Character refers to the sum of an individual’s qualities and characteristics which...
For implementing a change program successfully, communication is the key and one of the most complex parameters as it involves...
Effective Communication is significant for managers in the organizations so as to perform the basic functions of management, i.e., Planning,...
It has been researched that many leaders refrain from showing compassion at their work place. There are multiple reasons due...
A conflict arises when individuals have varied interests, opinions and thought processes and are just not willing to compromise with...
Increasing Importance of Culture in Corporate Decision Making The Indian Information Technology (IT) bellwether and the market leader in software...
The overall risk management of a firm is largely based on statistical measures. This is because most of the models...
If proper procedures are the foundation of a high-performance team, then clear and open communication is the roof. Clear and...
Employee code of conduct guides individuals as to how they should behave at the workplace. Employees need to be aware...
The Importance of Employment Statistics Management students and professionals alike should know the importance of employment statistics and numbers and...
Most of us would agree that it is ethics in practice that makes sense; just having it carefully drafted and...
In previous articles, at many places, we have discussed how the middle management is in the unique position of actualizing...
Conflict has never benefitted anyone, instead it adds to one’s tensions and anxiety. It is better to discuss things and...
Negotiation is nothing but a discussion among individuals to find out an alternative which takes into account the interest of...
Sequence of unwanted events leading to uncertainty at the workplace is called as crisis. Crisis leads to major disturbances at...
Ever since the allegations against the famous (now infamous) Hollywood celebrity, Harvey Weinstein, about sexual harassment broke out, there has...
Irrational behavior of an individual against his colleague to tarnish his image and spoil his reputation at the workplace refers...
By this time we all are convinced that resume plays a very important role when it comes to putting your...
In the previous articles, we have discussed the details about the concept of value at risk (VaR) as well as...
Some Recent Trends Based on News Lately, the news emanating from the United States and India as well as from...
This module has covered the various aspects of change management and the roles played by senior management as well as...
Several years of research have made important advancements in explaining the functioning of human brain and explaining how biological processes...
The Human Relations Theory has human beings at its center as can be understood by the name, but it also...
Humanistic Psychology looks at the individual from a holistic perspective and lays a lot of stress on the concepts like...
The fundamental principle of operational risk management is to ensure that all operational risks have been considered and decisions have...
There are many organizations in the world that have billions of dollars invested in the financial markets. Most of these...
External Sources of Funding Though the term nonprofits refers to organizations whose motive is not to make profits, they still...
What are Root Cause Analyses and How They Both Help and Hinder Organizations As the name implies, Root Cause Analysis,...
In recent months, there have been several instances of women across the economic and social groups coming forward with complaints...
Companies all over the world today acknowledge operational risk as a serious threat to the survival of their organizations. This...
The coronavirus pandemic has brought the focus on to the operations of the insurance as well as the reinsurance sector....
The pricing of reinsurance policies i.e. the calculation of reinsurance premiums is a very complicated topic. The process is quite...
Risk management, as a concept, is studied and implemented across all industries. Over the years, even companies with the most...
What are nAch, nAff, and nPow and How the Need Theory Explains What Motivates Us Motivation Theories are used by...
What is career break or career Gap? Career gap is a time period when you are no longer associated with...
The previous articles in this module introduced the phenomenon of workplace violence with some contemporary examples. This article provides some...
Leadership is a significant aspect of management. In order to ensure organizational success, co-operation from subordinates as well as greater...
Constant change is a norm in today’s fast-paced business environment. It’s become important for companies to respond almost immediately, in...
Group of individuals working together for a common objective form a team. Teams are generally formed to accomplish complicated and...
Communicating in a meeting is an essential part of effective communication. Some meetings are not conducted in an efficient manner...
In the previous article, we discussed about the top-down and bottom-up approach which has been created to identify risks. In...
Corporate governance can have a huge impact on credit risk. This is because corporate governance is the set of rules...
How Successive Waves of Technological Change Led to Better Career Related Decisions With each iteration of technological change, decision making,...
Credit derivatives were created in order to transfer the credit risk inherent in an instrument from one party to another...
The reinsurance market is very competitive market. After the increase in globalization and privatization, companies from all across the world...
Insurance companies are very different from other companies. Other companies have to pay upfront for buying raw materials. They get...
How Geopolitics Impacts Businesses Geopolitics deals with the relations between nations and the forces that determine the friendly or hostile...
What Makes Some Leaders Truly Transformational and Exceptional? There is a difference between leadership and management. Similarly, there is a...
The key economic theme which has dominated virtually all of the economic discourse in 2022 has been inflation. Countries around...
Who are the Members of the LGBTQ+ Community and what is Diversity, Equity, and Inclusivity The LGBTQ+ community is comprised...
Effective communication is a part and parcel of any successful organization. A communication should be free from barriers so as...
Throughout the world, if you ever want to buy a product or service, you have to pay up for it....
Another very important model of communication is the Helical Model of communication. The Helical Model of communication was proposed by...
According to this model, the leader has to match the leadership style according to the readiness of subordinates which moves...
In 1959, Frederick Herzberg, a behavioural scientist proposed a two-factor theory or the motivator-hygiene theory. According to Herzberg, there are...
One of the most widely used frameworks for analyzing cultural differences is the model developed by the eminent cultural theorist,...
Organization culture refers to the various ideologies, beliefs and practices of an organization which make it different from others. The...
Hofstede’s Cultural Framework The Hofstede’s framework is a measure for assessing the impact of cultural values on the workplace behavior...
One of the thorny issues facing senior management in many organizations is the debate over grooming leaders from within and...
The insurance industry is a large and diversified industry. It has several different types of products and operates in multiple...
The theory was developed by Robert House and has its roots in the expectancy theory of motivation. The theory is...
What is Future Shock and what are Its Characteristics? In the 1970s, noted Futurist, Alvin Toffler, coined the term Future...
Gestalt school of thought viewed human behaviour and mind as a complete whole. The term Gestalt means totality, Structure, Figure...
Resistance to change is inevitable as there are many parties who stand to lose from change and apart from the...
The Evolution of the Global Political Economy The global political and economic system has undergone many changes over the last...
In 1960’s, Edwin Locke put forward the Goal-setting theory of motivation. This theory states that goal setting is essentially linked...
Motivation is a state of mind. High motivation leads to high morale and greater production. A motivated employee gives his...
A team player is an individual who will unify others for a purpose by exchanging information and ideas and empower...
Maternity laws around the world have become increasingly progressive. In many countries, labour laws mandate that all women employees be...
A Failure of Governance The phenomenon of the NGOs or the Non Governmental Organizations entering the field of social welfare...
Download PPT for Complete Course on Grapevine Communication Total Slides: 44 Grapevine is an informal channel of business communication. It...
Donald Trump has promised to make America great again. He may have a bigger task on his hand than he...
Are some people born to lead? If we look at the great leaders of the past such as Alexander the...
It is no secret that consumers are leading extremely busy lives. In many families, both the partners are working and...
In the fast-changing business environment, the contemporary organization’s must learn to be more adaptable and flexible for successfully facing the...
Introduction Research has shown that recruiters on an average have about thirty to forty seconds for each resume they screen...
State Formation The previous articles discussed the basic concepts of political science including how the concepts of nation states and...
The question that is uppermost on business leaders’ mind is how to foster an inclusive environment as the current environment...
Successful leaders must have certain exceptional traits which serve as the pillars of the foundation of successful leadership. Effective leaders...
Virtual team is the new reality of 21st century workplace. Large number of HR practitioners as well as organizational leaders...
Personality development refers to enhancing an individual’s personality for him to stand apart from the rest and make a mark...
The reinsurance industry has several complicated terminologies which are routinely used. This is because there are several concepts in the...
The study of human memory since ages has been a topic of interest for the school of cognitive psychology. Human...
Long term memories last for a longer period of time as it has the capacity to store information for a...
Several change management experts have argued that Bottom Up Strategy for Change Management yields effective results comparatively over Top Down...
Volatility is most likely to remain constant and so is change. The market turbulence has posed challenges to most businesses...
Insurance marketplaces are just like other markets. They are full of buyers and sellers i.e. cedant insurance companies as well...
In the previous article, we have already studied what retention is and why it is important for many insurances as...
Any firm that sets up a risk management department wants to ensure that the department works efficiently and effectively. Just...
While the gender ratio was hovering around 930-950 throughout the earlier decades when there were fewer women than men as...
Receivers are not just passive absorbers of messages; they receive the message and respond to them. This response of a...
Fred E. Fiedler’s contingency theory of leadership effectiveness was based on studies of a wide range of group effectiveness, and...
What Happens when Senior Management is Itself Unethical It is often the practice in organizations that whenever new recruits are...
Of all the organisational issues or problems, ethical issues are the most difficult ones to handle or deal with. Issues...
While the NGO or the Non Profit sector is founded on the premise that they would propagate sustainable and equitable...
Businesses today are technology and innovation driven. There is huge competition in the sphere and therefore like other industry or...
Human resource management deals with manpower planning and development related activities in an organization. Arguably it is that branch of...
Ethics in production is a subset of business ethic that is meant to ensure that the production function or activities...
Markets present a clash of interest between various players. There is competition for resources, customers and price etc, which breeds...
Ethics Management Programs are designed by an organisation or an employer as an attempt to have formalised structures for ensuring...
A risk management plan can never be perfect. However, the degree of its success depends upon risk analysis, management policies,...
How the Modern Forms of Annual Reporting and Business Cycles Came into Being The advent of the modern form of...
The general public is not very fond of the financial services industry. Whenever any crisis breaks out, the financial services...
Historically Legendary Leaders and the Leadership Crisis of the Present Times Leaders by definition are expected to inspire and motivate...
Firms often give loans or extend credit over extended periods of time. The credit extended may continue for years and...
The expectancy theory was proposed by Victor Vroom of Yale School of Management in 1964. Vroom stresses and focuses on...
The expected default frequency (EDF) model is widely used across the world in order to effectively manage credit risk. In...
Expected default frequency (EDF) is an important metric to be considered during the mitigation of credit risk. It is commonly...
Who Remembers these Companies ? Businesses, workers, and governments worldwide are feeling the effects of dizzying change wherein trends that...
Many organizations take the help of external consultants in identifying, recommending and implementing change. This article looks at whether there...
In the previous article, we studied how a firm can collect internal loss data about the adverse events that take...
All individuals with a similar attitude and interest come together on a common platform to form a team. It is...
Interpersonal relationship refers to individuals with similar tastes and mindsets entering into an association. Individuals who share identical goals and...
Culture represents the beliefs, ideologies, policies, practices of an organization. It gives the employees a sense of direction and also...
Etiquette refers to good manners required by an individual to find a place in the society and gain respect and...
Etiquette refers to good manners essential for individuals to earn respect and appreciation in the society. An individual who lacks...
Enterprise risk management (ERM) is a buzzword that has been doing rounds in the risk management field for the past...
The CAS committee on Enterprise risk management has given the following definition of the same – ‘The discipline by which...
The core of the equity theory is the principle of balance or equity. As per this motivation theory, an individual’s...
To bring Maslow’s need hierarchy theory of motivation in synchronization with empirical research, Clayton Alderfer redefined it in his own...
High-Performance teams ensure the long-term success of an organization by delivering excellence in business outcomes through collaborative teamwork. Such teams...
The term “Organization culture” refers to the values and beliefs of an organization. The principles, ideologies as well as policies...
An organization is an individual’s first home as one spends the maximum time here only. No organization runs for charity,...
Nervous system protects our body from various dangers by following a sequence of interpretation and reaction to the stimuli. Endocrine...
What is Politics ? Employees who do not believe in working hard depend on nasty politics to make their position...
Effective Governance is a key reason why Nations Grow or Fail Nations and societies grow for a variety of reasons...
Who is a leader – A strong leader is one who thinks and plans ahead. He is ready with solutions...
Listening is a significant part of communication process. Communication cannot take place until and unless a message is heard and...
Presentation can be defined as a formal event characterized by teamwork and use of audio-visual aids. The main purpose of...
What is Report Writing? A report can be defined as a testimonial or account of some happening. It is purely...
The Importance of Team Building Team Building is significant for organizations to actualize optimal performance and enhanced levels of results....
Management is essential in every walk of life. Even what we eat should be managed. You just can’t put anything...
Time Management refers to assigning specific time slots to activities as per their importance and urgency in order to make...
While writing to a friend, colleague, client, or a business partner, the content must be clear, concise, persuasive, accurate, and...
The term Emotional Competence is treated as a buzzword in the present scenario and several studies, as well as investigations,...
Years of research reveal that Emotional Intelligence is a critical component which distinguishes a high-performer from an average performer. Team...
An organization is made up of people and when people are involved, emotions automatically come into play, and a workplace...
Diversity and inclusivity in organizations have to be practiced instead of being preached. This is because they are concepts that...
Personality development helps in the overall development of an individual. An individual’s style of dressing plays an important role in...
What is Agile and what is meant by the VUCA World? It is hard not to miss the extensive press...
The military application of drones is well known across the entire world. However, of late, civilian and commercial applications of...
The Three Arms of the Modern Nation State It is commonly understood that the political economy in any country actualizes...
The MeToo movement has caused ripples across the entire world. The fact that some of the most prominent and powerful...
A team comprises of two or more than two people grouped to achieve a common objective or a goal. On...
Boss to his employee -“I want you to bring the file to my table”. The boss left the poor employee...
Leadership in the real world is quite different from what is taught in business schools and colleges. For instance, many...
A thought kept in the brain is of no use unless and until it is shared with other individuals and...
Let us now go through the various types of communication: Verbal communication Verbal communication is a type of communication where...
Preparing a prefect resume, for most of us, can be a daunting task. There are numerous types of resume depending...
Decision making involves a great degree of value clarity, ethical decision making involves more! Unlike certain financial, inventory and production...
Why the Digital Age is unlike Any Other Previous Transformation in History With the Digital Age well and truly upon...
The transmission of information from the sender to the recipient through some medium is called as communication. Communication enables us...
Technology has disrupted the entire business world and the field of risk management is no exception. All across the world,...
In the previous article, we have already seen what securitization is in the context of reinsurance. We have also seen...
The value at risk (VaR) model has several advantages, which is why it is used widely in different parts of...
Decision making need not necessarily be a zero sum game where one party benefits at the expense of the other....
In the contemporary business world, many companies have layers and layers of hierarchy where decisions are made at the top...
In the previous articles, we discussed how decision making in these times is fraught with risk, uncertainty, and ambiguity. In...
Trust, But Verify! Decision Making in an Information Overload Scenario From the time we wake up to the time we...
Decision making is part of everyone’s life and all of us have to make decisions every moment. Right from choosing...
In many organizations, it is often the practice to give autonomy to many teams and let them take the decisions...
Managers in contemporary organizations are confronted with uncertainty and ambiguity in their everyday lives. Not only do they have to...
Decision making process is like a school exam. Those who take good decisions will pass the exam and the rest...
The pandemic induced by the Corona Virus has fundamentally changed the way organizations operate. However, the counter measures taken then...
The process of learning is continuous which starts right from the time of birth of an individual and continues till...
Most of the discussion about the virtual teams is centered around 100% virtual teams i.e. pure virtual team. Earlier only...
In the 21st century, it is being increasingly recognized that Democracy has emerged as the alternative to other systems of...
Dictatorship or Democracy? The Debate Continues over Which System Promotes Growth If we look at the history of economic development...
The role and functions of the Government and the bureaucracy is that which keeps constantly evolving in the wake of...
The line agency in its traditional form exists as departments. Departments are the fundamental unit of administrative organizations and carries...
Business Decision Making in the 21st Century We live in a world of increasing complexity and compression of time which...
Etiquette refers to certain rules and regulations necessary for an individual to follow to find a place in the society....
Organization as a system, depend on many interdependent factors which influence it’s day to day functioning, strategic decisions and future...
The traditional approach towards administration has been limited in its scope and premise, the core of which was strict adherence...
Literally speaking, risk management is the process of minimizing or mitigating the risk. It starts with the identification and evaluation...
It is rightly said “Time and Tide wait for none”. An individual should understand the value of time for him...
Lisa works as a Brand Executive with a reputed multinational firm. She was asked to deliver a presentation on her...
Whenever two individuals opine in different ways, a conflict arises. In a layman’s language conflict is nothing but a fight...
Let us first go through a simple real life situation. John was working as a key accounts head with a...
Values and ethics in simple words mean principle or code of conduct that govern transactions; in this case business transaction....
In today’s fast pace world, we all lead a virtual life parallel to an actual one. The regular live chats...
What Makes Human Beings Different from Animals ? Answer – It is the way they carry themselves in the society....
Public administration is like any other administration which is carried out in public interest. Before we dwell deeper into understanding...
Motivation is the word derived from the word ’motive’ which means needs, desires, wants or drives within the individuals. It...
A setup where individuals from diverse backgrounds, different educational qualifications and varied interests come together to work towards a common...
Workplace violence is easily the most misunderstood concept in the contemporary organizational context. This is because the term is misleading...
Why Spirituality and Business are not incompatible and what Buddhism can teach us? Often, we think that spirituality and business...
Introduction Humans are social animals and hence, form groups wherever they are. This is true for organizations as well as...
A strong bond between two or more people refers to interpersonal relationship. Attraction between individuals brings them close to each...
Have you ever wondered how companies like Google, Facebook, Apple and Twitter reached their current status in just few years?...
The term ’Psychology’ has been derived from two Greek words ’Psyche’ which means life and ’logos’ which means explanation. Psychology...
Leadership development entails nurturing, encouraging, incubating, and mentoring prospective leaders. In many organizations, the HR department in conjunction with senior...
What is Leadership Leadership is a process by which an executive can direct, guide and influence the behavior and work...
Why do individuals need to communicate with each other ? Information if not shared is of no use. Communication plays...
Let us first go through a real life situation to understand negotiation better. Your friends want you to come for...
The decades starting with the 1990s witnessed the proliferation of a new kind of sector among the various agencies and...
What is an organization ? An organization is nothing but a common platform where individuals from different backgrounds come together...
A set-up where individuals from diverse backgrounds, different educational qualifications and varied interests come together to work towards a common...
We often hear the term “diversity” bandied about in our everyday usage. Usually, when we come across the term, it...
Every individual has his own characteristic way of behaving, responding to emotions, perceiving things and looking at the world. No...
Overview and Definition of Political Science Political science is that branch of the social sciences that studies the state, politics,...
PR or public relations is nothing but the practice of protecting as well as enhancing the reputation of any particular...
Public Speaking is defined as the process of communicating with a large group of audience. Let us understand the meaning...
Virtual team environment is characterized by uncertainty, fluid membership and task complexity. It is not easy for everyone to be...
With more organizations realizing the higher ROI associated with the virtual work environment, virtual teams are scoring over traditional teams....
Introduction Leadership in organizations is dictated and determined according to a variety of reasons and factors including personality, cultural, and...
Curious observation is the first step in the decision making process. These two words, the curiosity and observation are very...
The global business environment has turned increasingly digital in the pasts few years. It is very common for businesses across...
Every organization needs to make decisions at one point or other as part of managerial process. Decisions are made in...
Corporate decision making happens at various levels in organizations and can be top down or bottom up. The difference between...
Corporate dressing refers to sensible dressing at work place which helps an individual to make a mark of his/her own...
Most organizations expect their employees to dress well. One needs to dress appropriately as per the work culture for a...
Corporate dressing helps an individual to dress formally according to his/her work culture. Dressing sensibly not only helps an individual...
Every organization expects its employees to be well groomed and presentable. Employees need to understand that sensible dressing goes a...
It is often observed that female professionals do not bother much about the clothes they wear to work. Never overlook...
Corporate dressing refers to the art of dressing formally and correctly. Corporate dressing helps an individual to dress according to...
It is essential for every individual to behave in a socially acceptable way. Etiquette refers to good manners which help...
Corporate Meetings are very crucial part of business activities. They are a significant means of formal communication. Meetings are a...
Corporate Planning in Earlier Decades Manufacturing Firms In manufacturing firms in the earlier decades, one of the most sought after...
Undertaking financial and non-financial risks is the basic job of any business organization. In fact, profit is considered to be...
How Corporate America is Turning Rainbow to Become More Diverse Diversity is the buzzword among corporates and business leaders in...
The #MeToo Movement Reaches India and Spreads Worldwide In recent weeks, the #MeToo movement, which encourages women to “speak up”...
The Corporatization of NGOs and the Opinions of Experts In recent years, the NGOs or the Non Governmental Organizations have...
Internal frauds are a big part of the operational risk faced by any organization. This is truer of multinational companies...
Insurance is one of the most regulated industries in the world. Also, there are multiple players which offer every type...
Change is invariable and undeniable. Product lifecycles have shortened. Geographical boundaries are diminishing. Technology advances in the blink of an...
Who doesn’t like change and who doesn’t want to change? These are certainly truisms in the 21st century landscape where...
Credit derivatives are the most important financial innovation in the field of credit risk management. These derivative instruments have been...
Structured finance products have proliferated the financial markets. There are several derivative products that have been created with the sole...
Credit rating is an important and almost central part of the overall credit risk management function in any organization. Every...
Crisis refers to sequence of unwanted events at the workplace which lead to disturbances and major unrest amongst the individuals....
What is the Chain of Command and how it worked in the Satyam and Infosys Crises’ We often hear the...
Crisis refer to unplanned events which cause harm to the organization and lead to disturbances and major unrest amongst the...
Crisis refers to a sequence of unwanted events leading to major disturbances and uncertainty at the workplace. Crisis is an...
Sequence of sudden unwanted events leading to major disturbances at the workplace is called crisis. Crisis arises on an extremely...
What is Crisis ? A sudden and unexpected event leading to major unrest amongst the individuals at the workplace is...
We live in a world where increasing complexity is the order of the day and the business landscape is characterized...
Communication is a process of exchanging verbal and non verbal messages. It is a continuous process. Pre-requisite of communication is...
The Concept of Property throughout the Ages Most of us have a fair idea what property means and what the...
Differences in interest, thought process, perception as well as need lead to a conflict. When individuals do not agree to...
A conflict arises when individuals have different opinions, thought processes, attitudes, interests, needs and find it difficult to adjust with...
Differences can not only arise between two individuals but involve many individuals in a group. One has to very careful...
Conflict is an inevitable characteristic of all work teams. Considering the complex dynamics of virtual teams, understanding and managing conflict...
When two individuals have different opinions and neither of the two is willing to compromise, conflict arises. A state of...
Conflict management plays a very important role in preventing conflicts among individuals. How does a conflict arise? When individuals strongly...
Conflict arises when individuals opine in dissimilar ways or have varied interests, attitudes and even perceptions. Misunderstandings among individuals and...
The dissimilarity in the interests, thought processes, needs, attitudes of individuals result in a conflict. It is defined as a...
Any decisions taken at any level have to take into account the conflicting needs of the individuals who are affected...
Conflict of interest scenarios are common in businesses where multiple parties are involved. In many cases, these conflicts are small...
The contingency model is an extended version of Lewin’s three step in which Dunphy and Stace (1988, 1992 and 1993),...
The leadership continuum was originally written in 1958 by Tannenbaum and Schmidt and was later updated in the year 1973....
Etiquette helps human beings to behave in a socially responsible way. Etiquette helps you gain respect, trust and appreciation from...
It has been indisputable for quite some time that leaders ought to be coaches. They have to practice a management...
Cognitive Psychology is another school of thought which examines the internal processes or cognition and attempts to study the thought...
In the previous article, we studied about how collateralized debt obligations (CDOs) are derivative instruments that have been built on...
Collateralized debt obligations (CDOs) are a very important and popular type of credit derivative. With the growth in structured finance,...
The reinsurance industry has been largely fragmented till now. This is why it is common for ceding insurers to buy...
High-Performance Teams as we all know can be a blessing for an organization, as such teams play a crucial role...
What do you understand by threats to an organization? Threats refer to negative influences which not only hamper the productivity...
The discipline of risk management has been evolving through the years. As a result, the process of measuring risk and...
In these times when global corporations operate in many countries across the world, it is important for the employees in...
Communication is said to be the basis of every interpersonal relationship. Infact effective communication is the key to a healthy...
Public relations refers to the practice of enhancing an organization’s reputation in the eyes of public, stakeholders, employees, investors and...
Communication plays an important role in the success and failure of an organization. The art of expressing one’s ideas and...
In an organization, communication flows in 5 main directions- Downward Upward Lateral Diagonal External Downward Flow of Communication: Communication that...
Elements of Communication Before we delve further into understanding the different types of communication models, it is important to deconstruct...
Personality refers to an individual’s characteristics, style, behavior, mindset, attitude, his own unique way of perceiving things and seeing the...
An idea however brilliant and unique it is, is a waste unless and until it is communicated and shared with...
Imagine a world without communication! You have a brilliant idea with you but don’t possess the power of communication. You...
Communication is a process beginning with a sender who encodes the message and passes it through some channel to the...
Comparative public administration focuses on Public Administration as a field of study and research rather simple execution of tasks. Haroon...
What is Compassionate Capitalism and What Does it Entail for us? In recent years, there has been much talk about...
The market for cryptocurrency has exploded in the recent past. The past couple of years witnessed a major rise and...
Australia is considered to be one of the most developed nations in the world. Up until now, the Australian economy...
The reinsurance industry is considered to be very important in most parts of the world. This is the reason that...
When Hope Meets Reality: What Happens to Leaders once they are Elected We often elect political leaders who promise the...
Multinational organizations have become extremely powerful entities in the 21st century. There are many companies which have business interests that...
Being a leader is not quite a cakewalk. Infact, to be very honest; managing people is one of the most...
The business landscape of the 21st century is characterized by ever changing trends and events that happen with so much...
Is it easier to drive through change in family owned businesses or professionally run companies? This is a question that...
The business landscape of the 21st century is characterized by rapid change brought about due to technological, economic, political and...
The Power of Individuals against Establishment Figures The Digital Age has upended many things and this includes the way in...
A common set up where individuals from different back grounds, educational qualifications, interests and perception come together and use their...
From the Smokestack Era to the Digital Era The role of management has changed over the decades as the paradigm...
Success in the workplace depends on your ability to build a team, as well as to interact with others on...
High-Performance work teams comprise a group of highly talented and motivated professionals working together for the achievement of a common...
Change agents act as the champions or change catalysts. The change agents may play the role of a consultant who...
What is an organization? An organization is a setup where individuals (employees) come together to work for a common goal....
A major characteristic of effective teams is clear expectations about the roles played by each team member. In such a...
The motivation concepts were mainly developed around 1950’s. Three main theories were made during this period. These three classical theories...
There have been several discussions and arguments regarding whether public administration can be categorized as a Science or as an...
Climate change is a burning issue in 2022. There is not even an iota of doubt that climate change affects...
The closed and open model approach to the study of public administration focuses on the organization itself. One way to...
There are many new and different types of arrangements that are used in the reinsurance industry. Captive insurance is one...
Catastrophe modeling used to be considered very complex and difficult to use. Just a few decades back, most insurance companies...
Reinsurance companies have to pay out large sums of money in claims if and when a catastrophe occurs. Each time...
The definition of operational risk has been narrowed down. This has helped organizations better manage their operational risks. All operational...
Loss of Trust and Faith and the Rise of Populists Public trust and faith in institutions is at an all...
We are at the next level of understanding departments within the organizations. In the earlier article we understood about the...
The very word bureaucracy conjures images of sloth, inefficiency and status quoist mindset. To associate bureaucracy with change would thus...
The bureaucratic theory of public administration owes its existence to Max Weber and his magnum opus Economy and Society published...
In the previous article, we have already seen how reinsurance policies are generally priced and what factors are taken into...
The Business Case for Diversity The articles in this module so far have focused on how organizational diversity makes eminent...
It is rightly said that “a man is known by his dress and address”. Donning the right business attire will...
Practically business ethics at the workplace connotes an alignment between what the organization values and how to go about it....
Negotiations can be called as a way of resolving disputes. It is considered as being synonymous to settlement, agreement, collaboration...
Communication is neither the transmission of a message nor the message itself. It is the mutual exchange of understanding, originating...
Cannabis businesses have recently been given industry status. About 25 of the 50 states in the United States allow usage...
The Biological Perspective or Biopsychology is a latest development in the field of psychology which has acquired increasing importance as...
The treatment of task orientation and people orientation as two independent dimensions was a major step in leadership studies. Many...
The budget in its elementary form had been part of almost all monarchies of the history. There have been written...
Having goals or a clear purpose is important to each of us. In fact, people who set goals are always...
“Leave your emotions at home.” Almost every working individual must have heard of this phrase. And leaders admit repeating it...
The Bank of International Settlements (BIS) has created the Basel norms so that the operational risk measurement and mitigation are...
The Basel guidelines are the gold standard when it comes to identifying and managing operational risks. This is the reason...
The global insurance industry is at a strange crossroad. On the one hand, the market is completely saturated in countries...
People in the developed world have an affinity for pets. This is the reason why two-thirds of American households, i.e....
Insurance is a tool which helps individuals protect themselves and diversify their risks. The concept of insurance is based on...
The modern multinational company is global in nature. This means that a lot of times work is sent overseas because...
The Battle between Change Agents and Status Quo Adherents Every organization has its change agents who seek to take risks,...
The behavioral approach to public administration owes its genesis to the Human Relations Movement of the 1930s. The movement started...
The Behavioural Approach came into existence during early twentieth century as a response to the then much discussed about Psychoanalytic...
Current is the era of a new breed of enterprises – startups that can easily disrupt big existing companies. While...
In the previous article, we have already seen what an indexation clause in reinsurance contracts is. We are now aware...
In the previous article, we have discussed the concept of enterprise risk management (ERM) and how it is different from...
The concept of reinsurance is fairly simple. When a person takes on insurance, they transfer their risks to the insurance...
Risk management is a significant expense for any company. There are several skilled professionals that need to be recruited and...
While the Aristotle model of communication puts the speaker in the central position and suggests that the speaker is the...
Anderson & Anderson’s model of change provides a comprehensive coverage of the entire process of change and equally explains the...
Anticipating and Mitigating Organizational Risks in the Digital Age Every era brings with its own share of risks for organizations...
We have come across a number of times during our exploration of the topic, that it is somewhat difficult to...
The reinsurance industry is a very important part of the structure of the insurance industry of any country. It is...
Critics have been claiming the recent economic crises are the proof the capitalist system is inherently flawed. The underlying assumption...
Aristotle was the first to take an initiative and design the communication model. Let us first go through a simple...
In the previous few articles, we have studied a lot about reinsurance. We are now aware of the various issues...
The concept of Attention is studied in Cognitive Psychology with focus on explaining how we process the environmental information with...
The authority exercised is a kind of legitimate power and people follow figures exercising it, because their positions demand so...
Claims processing is probably the most important function for any insurance company. This is because this process is where the...
Merely creating a model which calculates the value at risk (VaR) i.e. the greatest possible loss that a company can...
Value at Risk (VaR) is the most prominently used methodology when it comes to gauging and mitigating the market risk....
Advertising and public relations are two different industries altogether. Let us carefully examine the difference between advertisements and public relations:...
In this interconnected and integrated business landscape, aspiring leaders would be well advise to follow the simple rule that their...
Difference between Advocacy and Volunteerism Non-profits across the world are divided into those that are advocacy oriented and those that...
The Advocacy versus the Activist Role Non-profits around the world typically are divided into those that undertake grassroots activism and...
Introduction to the Agile Methodology These days, there’s much buzz around what is known as Agile Method of Working or...
Academicians and practitioners from all over the world have been tried very hard to come up with a model which...
Ambidexterity Managers in the contemporary world face a contradiction where austerity in the developed world and the cost cutting measures...
The 4Cs of Leadership Styles and Why Leadership Traits Reflect a Continuum As the world transitions from the Industrial Age...
India is one of the biggest markets for insurance companies across the world. However, it also needs to be understood...
Reinsurance contracts tend to be very complicated. As we have already studied in the previous articles, a wide variety of...
Action Research is a useful method for facilitating organizational change by collaborating and involving the client in the entire process...
The business of banking has witnessed a lot of changes in the past few years. It would be safe to...
The work culture represents the ideologies, principles, policies and beliefs of the organization. The individual’s style of working, his behaviour...
The pioneering scholar of the theory of decision making in organizations, was Herbert Simon. He was born in Milwaukee, Wisconsin...
The Benefits of Working from Home: The Employees’ Perspective A typical challenge for working professionals, especially women, is to maintain...