Leadership is an essential ingredient for organizational effectiveness. Dynamic and effective leadership of an effective organization is the major factor that differentiates it from ineffective organizations. Literally, the term 'leadership' has come from the word 'lead'. The verb 'to lead' has two meanings—'to excel or to be in advance' and 'to guide, govern and command others or to lead an [...]
Business ethics refers to the moral principles or rules of behaviour which should govern moral conduct of businessmen. They suggest the ways and means of running a business which are morally justified and are influenced by expectations of society, employees or government. Business ethics refers to the moral standards which business persons are expected to follow. It simply means ethics [...]
Environment or business environment is something that is external to the firm or one which surrounds an organisation. These external forces are uncontrollable where the firm is to respect the components of external environment. The success of a business is generally dependent on its business environment. A successful business has to identify, appraise, and respond to the various opportunities and [...]