How To Manage a Business – Meaning of Business: Business refers to the activities involved in producing, buying or selling goods or services for profit. It involves a wide range of activities such as finance, marketing, operations, and management. A business can be a small start-up or a large corporation, and it can operate in […]
Strategy in International Business – 4 basic Strategies for International Business
Definition of Strategy in international business: Strategy in international business refers to plan that guide expanding globally allows firms to increase their profitability. Firms that operate internationally are able to: Companies follow 4 basic strategies to enter International Business: Appropriateness of each strategy varies pressures for cost reduction and local responsiveness. Global Strategy: Global strategy […]
What is organizational culture ? Full Meaning and Definition
Definition of Organizational Culture: What is organizational culture ? Organizational culture refers to a system of shared meaning held by members that distinguishes the organization from other organizations. This system of shared meaning is, on closer examination, a set of key characteristics that the organization values. There are seven primary characteristics. Innovation and risk taking […]
Types of Decisions
Types of Decisions, Managers in all kinds of organizations face different types of problems and decisions as they do their jobs. Depending on the nature of the problem, a manager can use one of two different types of decisions. Structured Problems and Programmed Decisions – One Types of Decision: Some problems are straightforward. The decision […]
Securities Law
Securities Included: Mortgage: Definition: When a specific immovable property is made the security for the payment of money or the performance of an obligation, the transaction is called is Mortgage. Section 58(a) of the transfer of Property Act defines mortgage as, “transfer of an interest in specific immovable property for the purpose of securing the […]
Law Partnership
There Included Topic is: Nature of Partnership Definition & Characteristics: Section 4 of the Partnership Act defines a partnership as follows: “Partnership is the relation between persons, who have agreed to share the profits of a business carried on by all or any of them acting for all.” A partnership Act defined must have three […]
What is Law of Contract ?
The Essential Elements of Contract Object and scope The law of contract deals with agreements which can be enforced through courts of law. The Law of Contract is the most important part of commercial law because every commercial transaction starts from an agreement between two or more person. According to Salmond, a contract is “an […]
Company Formation
Essential Steps for Formation a Company Procedure of Registration and Incorporation For the registration of a company, the following documents together with the necessary fees, must be submitted to the Registrar of companies of the state in which the registered office of the company will be situated. – sec.33 (law) The Certificate of Incorporation The […]
Company Law – Definition and By Law the Company
After study Company law post, you will know about: Definition of Company Law: The company is a form of business organization in which the funds of a large number of investors are managed by a few persons for the purpose of earning profits which are shared by all investors. The term Company is used to […]