Some of the most essential principles of business ethics are as follows: Principle # (1) Self Interest: The concept of self interest has been held as one of the most important elements in career planning and formulating management control systems. Personal goals are often at variance with corporate objectives and if the two can be made to converge, individual as [...]
Business operations are exposed to different types of risks because of uncertainty. Successful business management must ensure proper safeguard and cover against such potential risks. Some risks may be small and hamper the business operations for some time. Other risks may be very big and may destroy the company or change its course forever. Typically, a company may face several [...]
A business is the mirror image of its leader. The performance of the business is highly dependent on its leadership. Successful businesses have great leadership. Similarly, poor leaders contribute to the business failure due to the lack of their abilities. The importance of leadership in business must be properly understood, because leadership can make or break a business. The actions [...]