After reading this article you will learn about the social responsibility of the management. Meaning of Social Responsibility: The term 'social responsibility' has three different meanings, viz., social obligation, social reaction and social responsiveness. According to Milton Friedman and his followers, a corporation engages in social responsible behaviour when it pursues a profit within the constraints of law as imposed [...]
This article throws light upon the three main motives behind selling companies. The motives are: 1. Locating the Right Buyer 2. Secure Acceptable Terms of the Deal 3. Obtaining Satisfactory Autonomy. Motive # 1. Locating the Right Buyer: For entrepreneurs concerned about the company's future, this task involves locating the correct buyer — one whose objectives regarding the acquired firm [...]
This article throws light upon the three special challenges of entrepreneurship. The challenges are: 1. Growth of the Enterprise 2. Entrepreneurial Stress 3. Selling the Company. Challenge # 1. Growth of the Enterprise: With the growth of a business and increase, in its size and complexity, there is need to delegate authority, provide thorough, personalised training to employees and focus [...]