Definition: Microcredit can be defined as a lending system which allows a meagre sum as a loan to the low-income section of the society for supporting self-employment and other income-generating activities. This underprivileged segment was often ignored by the traditional credit system due to its low creditworthiness. This concept can be seen as a special […]
Offshoring vs Outsourcing
Offshoring is mostly replaced by the term outsourcing, while the two are unconditionally different from one another. When in offshoring the business or the company is set up in a new cross border location; in outsourcing, the partial business process or tasks are assigned to a third-party under a contract. However, there is a term, […]
Supply Chain Management (SCM)
Definition: Supply Chain Management (SCM) is a mechanism which ensures systematic procurement of raw material and distribution of final products to the end buyers. It integrates the efforts of major logistic parties, i.e., suppliers, producers, warehouses, agents, distributors, retailers and transport companies to derive overall consumer satisfaction. Digitalization and m-commerce have exposed the companies to a virtual […]
Initial Public Offering (IPO)
Definition: An Initial Public Offering (IPO) can be stated as a means of generating capital for a private company by publicly issuing its stock for the first time. Later, these securities can be traded after being listed over the stock exchange. An IPO is also acknowledged as ‘going public’ or ‘float’. A small company looking […]
Limited Liability Company (LLC)
Definition: A Limited Liability Company (LLC) is a form of organization popular in the United States. It incorporates the mixed traits of a sole proprietorship, partnership and corporation along with releasing the owner’s assets from business debts and liabilities. An LLC operates according to the regulations of the State in which it is located. Every […]
Business Communication
Definition: Business communication refers to any form of interaction or information exchange taking between the individuals or entities within an organizational setup, for the purpose of attaining a corporate goal or objective. Communication can do wonders for the humankind. Right from daily chores to crucial business operations, everything involves some form of interaction among individuals. […]
Portfolio Investment
Definition: A portfolio investment is a strategic composition of securities, bonds, debt funds and other financial instruments with the view of making returns or value enhancement of the funds invested. An investor can self-design an investment portfolio or can get it done from a portfolio manager. Sticking a single stock appears to be a perilous […]
Job Shadowing
Definition: Job shadowing is a means of learning about the tasks, roles, responsibilities, career prospects and challenges of a certain job position that fascinates the visitor. It can be a short few hours session or a week-long activity where the guest shadows or follows the host who is a professional or holds a particular job […]
Crisis Management
Definition: Crisis management is a strategical approach of anticipating the catastrophes, preparing the organization and its people to face such threats and minimizing its repercussions over the business operations. Its successful execution depends on smart planning and effective communication. A company with a robust crisis management system can prosper even when the others are going through […]
Total Quality Management (TQM)
Definition: Total quality management (TQM) is a strategic approach adopted by the organizations to constantly raise the standards of its products, procedures, techniques and various business operations. It focuses on building a quality-centric brand to assure superior customer satisfaction. Company’s quality standards define its existence or vulnerability in the market. Therefore, the management should never […]