Everything you need to know about Theory X and Theory Y of motivation. Prof. Douglas McGregor proposed theory X and theory Y. Theory X is related to traditional approach about people and theory Y is related to modern approach about people. Theory X is somehow related to concept of scientific management, which advocates that people dislike the work and they [...]
Everything you need to know about the roles played by an entrepreneur. The entrepreneur plays a vital role in nurturing economic growth and development of an economy. One has to understand that in reality, a successful entrepreneur contributes in many ways to the economy. The entrepreneur plays multi-dimensional roles associated with the entrepreneurial pursuit. Entrepreneurship is an essential and necessary [...]
Everything you need to know about the various definitions of business. A business definition is a clear-cut statement of the business or a set of businesses, the organisation engages in presently or wishes to pursue in future. Then it prescribes the arena in which the organisation will play and compete. "Business comprises all profit seeking activities and enterprises that provided [...]