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Economics & Finance
Articles by Akshaya Daga
Page 19 of 21
What are the different types of inflation?
We often hear that the major problems of a developing economy are inflation and unemployment. But what is inflation? How does inflation affect an economy’s working and quality of life? Why should we be concerned about this? What are the different types of inflation? It is time that we unravel these questions. The increase in the price of goods or services or the decrease in the purchasing power of consumers is known as inflation. Simply put, the number of goods or services an individual could buy with Rs. 100 in the year 2000 is far less than what he ...
Read MoreThe Top Human Resources Trends in 2023
A company's most valuable asset is its human capital. An organization's employees are what define the organization and how it operates. Automation and artificial intelligence may seem like an end to employment opportunities for individuals, but never forget that we need humans to create, run, maintain, and develop artificial intelligence. Hence, it is critical for organizations to maintain resources that are productive, motivated, enthusiastic, happy, and satisfied. To ensure this, the organization needs to keep itself abreast of the top trends in human resources in the market. The Human Resources Department and its Function The human resources department of ...
Read MoreThe Impact of Gender Discrimination on Employees' Performance
It is time that we stop putting gender into two labeled boxes. Males and females aren't the only two types of gender. We live in the LGBTQ+ era. Accepting diversity is critical for both individuals and organizations at large. A diverse workforce in terms of ethnicity, socio-economic background, religious beliefs, color, creed, age, geographical location, educational background, and others. An organization's top-line and bottom-line performance can improve dramatically with a diverse workforce. Among all the different types of discrimination done by employers and their colleagues, we see that gender discrimination is prevailing. Gender Discrimination Gender discrimination is being unfair to ...
Read MoreThe Hiring of Employees through Social Media
Social media is no longer the platform through which you can just connect with your friends and have a great time. It is a platform through which you can connect with the youth of the world. It is a platform that can help you address major of your life problems. If you want to exchange your things, if you want to go on vacation, if you want to sell your products or services to end consumers, if you want to advertise your products, if you want to gather data or information, or if you just want to do anything under ...
Read MoreHow Does Management Affect an Organization's Performance?
Managers are the face of the company. Through their actions and words, managers help the employees understand the company's values, goals, and vision and, at the same time, represent the company to the outside world and its different stakeholders. Good management can do wonders for the company. A good manager will ensure that the company is profitable and growing in tandem with everyone else. Good management will ensure good human capital resources become the company’s unique selling proposition in this cutthroat market environment. Why Does Bad Management Happen? Bad management happens because companies employ individuals with top contributions to ...
Read MoreDifferent Political Philosophies and their Impact on Business
Political philosophy, in simple terms, means the modus operandi of the government while running its nation. The political philosophy a country follows helps shape the country’s economy, the standard of living of the people, the mindset of individuals, and others. Big thinkers and economists like Chanakya, Ambedkar, and Aristotle have helped us develop different political philosophies that will help kings rule their kingdoms efficiently. The political philosophy of a nation also impacts and rules how businesses, merchandise, and trade are going to operate and flourish in that particular nation. It is time for us to understand the different political philosophies ...
Read MoreWhy Do Employees Prefer a Hybrid Mode of Working?
COVID-19 has changed our way of life. It has made working from home not only a possibility but also an option that is being preferred by individuals and companies alike. It has proven that with a good internet connection, robust digital infrastructure, and trust in the employees, working from home is possible. However, public opinion favors a hybrid mode of operation. A hybrid mode helps employees get the benefits of both work-from-home and work-from-office situations. Why Do Companies Prefer a Hybrid Mode of Working? Companies now prefer a hybrid mode of working, i.e., working from both home and the office. ...
Read MoreWhat is Moonlighting? What Are the Pros and Cons of Moonlighting?
The market has opened as a result of globalization and country liberalization. Human resources can easily work for companies overseas with utmost ease. The work is not the particular 9–5 jobs that we had earlier or the work-from-office requirements. Now, with a laptop and a good internet connection, one can easily serve the company from anywhere and get the work done. Part-time opportunities, freelancing opportunities, or internship opportunities are in style. This brings us to the problem of moonlighting. Introduction to Moonlighting The times are changing. With organizations hiring and firing their employees without proper strategies or resource management ...
Read MoreThe Concept of Unpaid Domestic Labor and How It is Practiced
Necessity is the mother of invention. It is difficult to keep up with the ever-growing needs and responsibilities of us humans. As adults, we are expected to perform many tasks every day without fail. We have to take care of our physical, financial, social, emotional, and mental well-being. It is more than obvious for us to delegate some of these responsibilities or work to a third party. The third parties perform simple tasks like taking your dog for a walk, regular cleaning of the house, taking care of sick elders, buying groceries, organizing your personal space, and others in exchange ...
Read MoreRed Ocean and Blue Ocean Market Strategies
Red Ocean and Blue Ocean strategies help us understand the market space the launch of a new product will be facing. These strategies help the entrepreneur make the right decisions and implement strategies that will help the product survive and excel in the business environment. Understanding the Red Ocean and the Blue Ocean Marketing Strategies These terms were first coined by Renée Mauborgne and Chan Kim. Red Ocean’s marketplace strategy applies to the products which are launched into an existing, well-defined, and developed market space. In this sense, in this market space, there are competitors and the firms are ...
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