Business ethics refers to the study and application of ethical principles and moral values in the context of business activities and decision-making. It involves examining and addressing ethical dilemmas that may arise in various business situations, considering the impact of choices on stakeholders and society at large. Key Components: 1. Ethical Decision-Making: Business ethics involves …
What is an Organization? An organization is a structured and coordinated group of individuals working together to achieve common goals or objectives. It typically involves a formal structure, defined roles, and established processes to facilitate efficient functioning and goal attainment. Organizations can take various forms, including businesses, non-profits, government agencies, and other entities with a …
Organizational Behaviour – Short Question & Answers Read More »
CALCUTTA UNIVERSITY BBA STUDY MATERIAL Define the term Business Policy & Strategy. Business Policy and Strategy are two closely related concepts in the field of business management. Business Policy: Business policy refers to the guidelines, principles, and procedures that a company establishes to define its overall direction and decision-making processes. These policies are often developed …
Business Policy & Strategy : Question & Answers 1 Read More »
Quick Revision Notes for Examinations What are Values? Values are principles or standards that individuals or societies consider important, desirable, and worth adhering to. These principles guide behavior, influence decision-making, and shape the overall outlook on life. Values play a fundamental role in shaping an individual’s character, priorities, and ethical beliefs. They can also influence …
Strategic Human Resource Management (SHRM) is a dynamic field that has evolved to become a pivotal component in achieving organizational success. Two seminal models, crafted by David Guest in 1997 and a collaborative effort by Becker, Huselid, Pickus, and Spratt in the same year, have significantly influenced the way organizations approach the integration of human …
