The terms advertising and publicity are used interchangeably by many of us. But there is a considerable difference between the two. The critical difference between the two is that; former is a paid promotion of products done with the aim of increasing sales volume. However, the latter is an unpaid promotion through a third party aimed at creating a buzz or revealing a public … [Read more...] about Advertising Vs Publicity
Job Description Vs Job Specification
The critical difference between job description and job specification is that; former is the summary of all the task, role and responsibilities specifying what the company is offering to the candidate. Whereas, the latter is an overview of all the attributes, experience and qualification which the company is looking for in a candidate to pursue the job. Job description and … [Read more...] about Job Description Vs Job Specification
Benchmarking
Definition: Benchmarking is the process of continually improving the business or the organization by evaluating the scope for improvement, comparing the current position with that of the previous one or with the business practices of the relevant competitors, thereby establishing standards to be achieved. For Example, A food delivery service chain was facing a problem of … [Read more...] about Benchmarking
Types of Mutual Funds
Definition: Mutual fund is an investment opportunity which sums up the limited capital of various small investors to invest in different investment options like equities, bonds, cash and other money market instruments. An investor can either invest the whole amount in a lump sum or can opt for a systematic investment plan (SIP) where he can contribute in a small amount each … [Read more...] about Types of Mutual Funds
Mutual Fund
Definition: A mutual fund is an investment scheme which gathers money from various investors to pool in the collected amount into the equity, debt and other money market instruments. The Asset Management Companies (AMC) are the registered organizations which offer a variety of mutual funds for the investors. The Asset Management Companies hire fund managers to plan, invest … [Read more...] about Mutual Fund
Exchange-Traded Funds (ETF)
Definition: Exchange-traded funds are the stocks which track the performance of a particular index, which comprises a set of different securities, allowing the investor to diversify his limited funds into multiple investment options. It provides small investors with exposure to the whole sector in which they are interested in pooling their funds. Just like mutual funds, … [Read more...] about Exchange-Traded Funds (ETF)
Hedge Funds
Definition: Hedge funds are the pooled sum gathered from the accredited investors to be invested strategically and managed aggressively to earn high returns and mitigate chances of loss. These are not regulated by any securities market regulators and therefore hold high risk and are more volatile. Example; An iron producer may face loss if he relies only on the cash market … [Read more...] about Hedge Funds
Centralization
Definition: Centralization refers to that organizational structure where decision-making power is confined to the top management, and the subordinates need to follow the instructions of their seniors. Centralization of authority is essential for the small-scale organizations which lack resources and finance. Example: A person running a departmental store appoints a manager, … [Read more...] about Centralization
Team Building
Definition: Team building is a management technique used for improving the efficiency and performance of the workgroups through various activities. It involves a lot of skills, analysis and observation for forming a strong and capable team. The whole sole motive here is to achieve the organization vision and objectives. Now, you must be wondering; How to Build a Great … [Read more...] about Team Building
Decentralization
Definition: Decentralization refers to the assignment of authority along with the responsibility at each level of the organization. Distribution of the power of decision making along with the related responsibilities among the different managerial levels is necessary for better management. Example; A bakery manufacturer and outlet owner opened two more retail outlets in his … [Read more...] about Decentralization