Business Management

   The evolution of profit from being the only objective of a business organization to one of the many objectives is clearly evident in today’s market place. Today, in order to survive it has become mandatory for an organization to look beyond profit and with a bird’s eye view it needs to consider various other factors directly or indirectly associated with it.    3P's of Triple Bottom Line- PROFIT, PEOPLE and PLANET is gaining importance with every passing day. One of the most distinguished feature of these 3P's is that they cannot be ranked as per the degree of importance because all three are at par if one rates them. All these parameters are equally important to analyze the perpetual succession of any organization, be it a Sole Trading Concern or a Joint Stock Company. Ignoring any of these P's can lead to downfall of any operating firm.    Businesses are excogitating the unfolding, along with the desire of making huge financial gains they are a...

     VUCA, an acronym coined by US army to describe the world they were facing post-cold war is highly relatable if one compares it with the business environment prevailing in 21 st century. Gone are the days when the environment in which a business is operating is stable, controllable and certain. Today a Managing Director sitting in his cabin has to be always cautious since he is clueless what is going to happen next. Nobody in this world even a person with amazing psychic cannot predict what is going to happen in next micro-second or in next century, the world is VUCA-Volatile, Uncertain, Complex and Ambiguous.       Like every coin has two sides this VUCA world also comes with plethora of opportunities and at the same time challenges, which one could never imagine of. No wonder it’s a hard nut to crack, if a business wins it conquers the throne, the key point here is what they do to gain such a good command over all these odds. Only thing...