In a single entry system of accounting, there occurs one entry for one transaction, either it is an income or expense account. A cash book…
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Leader-Member Exchange Theory
Leader-Member Exchange theory revolves around the nature and quality of the relationships amongst leaders and their specific members. Successful leaders should always try to develop…
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What is Benefits Administration? Definition and Steps
Benefits administration is defined as a process that creates, updates, and manages its benefits in an organization. It is a human resource function that includes…
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What is coaching? Different coaching styles
Coaching is defined as a process that focuses on performance improvement in the present and not past or future. The coach is referred to as…
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What is Corporate Training? Types and benefits
Corporate learning is defined as activities that are specifically designed to educate the employees in an organization. It is also referred to as workplace learning,…
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Value Added Tax – Definition, Meaning, Examples, Advantages and Disadvantages of VAT
Value added tax is assessed incrementally, and it is calculated on the amount by which the value of any product or service increases at each…
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Authentic Leadership – Role and Characteristics of Authentic Leaders
Employees like to follow those leaders who they find genuine or real. Authenticity is integral for developing trust. – And that is why Authentic Leadership…
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SQ3R – Meaning, Benefits, Steps and Strategy
Student life is not easy since there is a lot of competition in academics. With parental pressure and study load, a student finds it difficult…
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What is Redlining? Definition, Origin and Present Scenario
Are you aware of some instances when a bank rejected loans to any creditworthy buyer because of their race or place of origin? Such practices…
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Strategic leadership – Definition, Skills and Characteristics
Strategic leadership revolves around the abilities of leaders to decide direction as well as the future actions of a business. In the process, they empower…
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Peer Mediation | Purpose, Process, Types and Characteristics
Definition: Peer mediation is defined as a type of conflict resolution based on a negotiating and mediation approach or a combination of both. It is usually…
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Human Resource Planning or HRP – Objectives, Importance and Steps
Human resource planning is defined as a managerial function that ensures the manpower requirements of an organization are met at the right time with the…
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Delegation | Difference between Delegation and Work Direction
Delegation is understood as a fundamental component of any managers’ or leaders’ responsibilities. If utilized successfully, delegation gives genuine advantages to each one included. Delegation…
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15 Tips for Leading By Example and being better leader
Leading by example is a common phenomenon that is followed in every organization. For instance, if a boss tells everyone to work overtime, but he…
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What is Management System? Definition and Elements
Management system is defined as a systematic view of the entire organization from how it delivers and achieves business objectives. What is a Management system?…
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