Introduction Excellent leaders are committed to lifelong personal and professional growth. Management books are valuable for continued learning, providing new ideas, strategies, tools, techniques, and knowledge. Reading management books is an affordable and accessible way to reduce stress, increase time management, raise life satisfaction, and expand career opportunities. Struggling to find free time to read?…
Henri Fayol created his 14 Principles of Management at the beginning of the 20th century. These Principles of Management remain just as important and effective in business today. The Order Principle of Management although only appearing 10th in the list is vital to the smooth running of any business. The Order Principle of Management focuses…
The goal of achieving financial success is merely a wish if you don’t have a solid financial management plan to make that dream a reality. Financial success is defined as a favorable outcome. To reach that goal, create a budget, and pay off credit card debt. Avoid high-interest loans, calculate your net worth, think long-term,…
Social processes are foundational to the existence and functioning of human organizations. But what are social processes, and how do they manifest in the organizational and business setting? Social processes are recurring, sequential patterns of interaction between multiple individuals pursuing mutual or antagonistic goals. Social processes like cooperation, conflict, and competition are fundamental in the…
Irrespective of the goods or services a business provides, these must make their way to customers to generate sales. The art of selling makes this happen. Although selling is a simple concept, there is so much more to effective selling than meets the eye. So, what is selling? Selling is exchanging goods and services for…
We all know that lack of communication can lead to disaster, and in a business sense, effective communication means time spent and reduced revenue. Henri Fayol brought in the Scalar Chain Principle as the 9th of his 14th Principles of Management, which addresses the matter of communication. Scalar Chain is the about how information should…
In the modern era, economic activity has become increasingly international in the scope of its structures and processes. This globalized commerce presents unprecedented economic opportunities. So, what are the defining aspects of this phenomenon called international business? International business is economic activity that crosses the borders of multiple nation-states. This kind of commerce involves the…
An organization’s success depends on its workforce and the quality of its work. Managing an organization is no small task, and managing people and expectations is one of the most challenging and important aspects. Happy, motivated staff produce the best results. The equity principle in management is designed to drive employee satisfaction and stimulate success….
