What are Sales Skills? Sales skills are defined as the set of abilities required in sales jobs. Sales jobs are omniscient since they are present…
Attitude – Definition, Importance, Types and Functions
Attitude refers to the inherent qualities of mind, thinking, feeling, opinion, and character of an individual that might define the personality of that individual. In…
Power – Role in Management, Meaning, Theories and Sources
Power in management refers to the positional power that comes because of the position of a manager in the organization. Managerial power plays a crucial…
Herzberg’s Theory of Motivation (Two-Factor Theory)
Herzberg’s Two-Factor Theory of Motivation explains the effect of attitude on motivation. What do the employees want? Are they looking for growth opportunities, solid workplace…
ERG Theory of Motivation With Its Implications
ERG Theory of motivation is a theory that describes how individuals are motivated by the three needs existence, relatedness, and growth. It states that these…
Top 20 Internet Companies Worldwide in 2024
Today’s internet is like a giant playground where big companies hold the ropes and slides. Google, Amazon, Facebook, Alphabet, and others have changed how we…
Lockout Tagout (LOTO) Procedure – Importance and Steps
Lockout Tagout is the procedure that ensures the complete shutdown of machinery and equipment until further notice. During this procedure, the piece of equipment remains…
Bargaining – Definition, Impact and Collective Bargaining
Bargaining is a form of the distributive negotiation process that happens between buyer and seller to debate and agree upon the price and nature of…
What is Market Saturation? How to Stand Out in a Saturated Market
Market saturation occurs when a product or service has reached its maximum demand in a market, and market growth becomes stagnant. Market saturation is a…
Benefits in Kind – Types, Methods, Values and Examples
What are Benefits in Kind? Definition: Benefits in kind are defined as different types of non-cash benefits of monetary value that employers offer to their…
Empathy – Definition, Signs, Types, Uses and Barriers
Empathy is the ability to imagine yourself in the place of someone else and feel what he is going through. It refers to connecting emotionally…
Salary Structure – Overview, Components and Types
Salary structure refers to the system used by employers to determine the compensation of an employee. Also known as pay scale it includes the details…
Downward Communication: Importance, Types & Advantages
Downward communication is the procedure in which information or chain of command circulates from an organization’s upper level of hierarchy to the lower level. It…
External Communication – Definition, Types, Goals and Strategies
External Communication is the transfer or exchange of information with external audiences such as customers, prospects, investors, suppliers, shareholders, target niche, leaders, banks, public, government…
Base Pay – Definition, Working, and Factors
Definition: Base pay is defined as the initial amount of money reimbursed to an employee in return for the employee’s service is called the base…
