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4349 The World without Bankruptcy Laws

Bankruptcy is one of the natural states which a company may find itself in. Entrepreneurship is primarily about taking risks. When companies take risks, some of them succeed, whereas others fail. Hence failure is a natural part of the business. However, many critics of bankruptcy laws believe that there isn’t a need for an elaborate […]

4348 The Wirecard and Infosys Scandals are a Lesson on How NOT to Treat Whistleblowers

What is the Wirecard Scandal all about and Why it is a Wakeup Call for Whistleblowers Anyone who has been following financial and business news over the last couple of years would have heard about Wirecard, the embattled German payments firm that had to file for bankruptcy after serious and humungous frauds were uncovered leading […]

4347 Why the Digital Age Demands Decision Makers to be Like Elite Marines and Zen Monks

How Modern Decision Makers Have to Confront Present Shock and Information Overload We live in times when Information Overload is getting the better of cognitive abilities to absorb and process the needed data and information to make informed decisions. In addition, the Digital Age has also engendered the Present Shock of Virality and Instant Gratification […]

4346 Why Indian Firms Must Strive for Strategic Autonomy in Their Geoeconomic Strategies

Geopolitics, Economics, and Geoeconomics In the evolving global trading and economic system, firms and corporates are impacted as much by the economic policies of nations as they are by the geopolitical and foreign policies. In other words, any global firm wishing to do business in the international sphere has to be cognizant of both the […]

4345 Why Government Should Not Invest Public Money in Sports Stadiums Used by Professional Franchises

In the previous article, we have already come across some of the reasons why the government should not encourage funding of stadiums that are to be used by private franchises. We have already seen that the entire mechanism of government funding ends up being a regressive tax on the citizens of a particular city who […]

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When two individuals feel comfortable in each other’s company and decide to be with each other, they enter into a relationship.

A close association between individuals who share common interests and goals is called interpersonal relationship.

Individuals who are compatible with each other enter into an interpersonal relationship. People must gel well for a strong and healthy relationship.

Let us go through the various types of interpersonal relationship:

  1. Friendship

    Friendship is an unconditional interpersonal relationship where individuals enter into by their own sweet will and choice.

    Friendship is a relationship where there are no formalities and individuals enjoy each other’s presence.

    Friendship can be between:

    • Man and a woman
    • Man and man
    • Woman and woman

    Must have in friendship:

    Transparency is the most essential factor for a stable friendship. Do not hide things from your friends. Be honest to them.

    Guide them whenever required. Never give them any wrong suggestions or advice.

    Feelings like ego, jealousy, hatred, anger do not exist in friendship.

    The entire relationship of friendship revolves around trust and give and take. No relationship can be one sided and same with friendship. Try to do as much as you can for your friends.

  2. Love

    An interpersonal relationship characterized by passion, intimacy, trust and respect is called love.

    Individuals in a romantic relationship are deeply attached to each other and share a special bond.

    Must have in a Romantic relationship:

    Two partners must trust each other in this relationship.

    A sense of respect and mutual admiration is essential.

    Partners must reciprocate each other’s feelings for the charm to stay in the relationship for a longer period of time.

    1. Case - 1

      Marriage happens when two individuals in love decide to take their relationship to the next level.

      Marriage is a kind of formalized relationship where two individuals after knowing each other well decide to enter the wedlock and stay together life-long through thick and thin.

      Keys to a successful marriage:

      • Understanding
      • Love
      • Passion
      • Intimacy
      • Respect
      • Trust

    2. Case - 2

      Two individuals might love each other but decide not to get married. They are often called as boyfriend and girlfriend. They may or may not stay together. If they stay together without formally getting married, they are said to enter a live in relationship.

      Individuals staying at far off places but in a relationship are said to be in a long distance relationship.

    3. Case - 3

      Individuals not getting along might decide to end the relationship for a better future.

  3. Platonic Relationship

    A relationship between two individuals without any feelings or sexual desire for each other is called a platonic relationship.

    In such a relationship, a man and a woman are just friends and do not mix love with friendship.

    Platonic relationships might end in romantic relationship with both the partners developing mutual love and falling for each other.

  4. Family Relationship

    Individuals related by blood or marriage are said to form a family.

  5. Professional Relationship (Work Relationship)

    Individuals working together for the same organization are said to share a professional relationship.

    Individuals sharing a professional relationship are called colleagues. Colleagues may or may not like each other.

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