BUSINESS

The five functions of management by Henry Fayol Henry Fayol, a French engineer, was a classic management theorist. He is also well known as the father of modern operational management.  Fayol is known for his fourteen principles of management as well as the five functions or elements of management. In this regard, he is sometimes compared […]

The Distinction between Content and Process Theories of Motivation Motivation is generally understood as the drive or the desire to do things. Sometimes financial rewards motivate people and sometimes it is just an inner drive to make a difference. People are driven by so many things – by their passion, by the need for money or financial

Six Dimensions of Culture under the Geert Hofstede model Renowned psychologist Dr Geert Hofstede, conducted one of the most extensive studies on the influence of culture on workplace values. Research has highlighted the importance of culture as a significant force in the context of business. However, Hofstede’s study brought out the features or dimensions of

In what way does OPEC resemble a cartel? How successful is it? A ‘Cartel’ is defined as an association of manufacturers and suppliers. Its purpose is to maintain high prices and to restrict competition. In that sense OPEC (Organization of Petroleum Exporting Companies) is not just a cartel but an influential and successful one. It resembles a

How does OPEC control oil prices? Organization of the Petroleum Exporting Countries (OPEC), remains an important force behind the oil prices globally. There are several mechanisms through which it can influence the prices of oil. However, primarily it is its control over its member countries that allows the organization to influence the prices. It sets production

Voter ID laws: Restrictive or Not   There has been a strong debate around the voter id laws. A large section of people and politicians believes that these laws are highly restrictive in nature. As per them, the most likely result of these laws will be the disenfranchisement of a large section of voting public. Indiana was

Major similarities between Islam, Christianity and Judaism   There are important similarities among the divine concepts of the ancient Hebrews, the Early Christians and Islam. While at the surface, you will find several differences that are political and cultural in nature, deep inside there exist several similarities among the three. First of all, the three are monotheistic religions;

Pharmacare Colberia case: Ethics and Corporate Responsibility The Colberia venture of Pharmacare has several stakeholders at its centre but most critical among them are the local residents of Colberia that are at the receiving end. A stakeholder is associated with a project. He can be critical to its success or is influenced by it and its outcome (success

The Starry Messenger : Galileo’s Sidereus Nunceus ( First Hand observations of the sky through a telescope) Galileo’s Sidereus Nunceus is also known as the ‘Starry Messenger’. He wrote it in New Latin in the year 1610. The book mainly contains Galileo’s observations of the stellar bodies made from his newly invented telescope. The book was

Campus Carry laws: What is going to be the outcome?   The campus carry laws effective August 2016, have generated lots of controversy. Guns are a sensitive issue and allowing them on university campuses is bound to increase the heat. What wrong can result from it is not clear yet. Not just the faculty and staff,