Archive about 'Management,Marketing,Law & Taxation'

Distinguish Between Liquidated Damages And Penalty

Liquidated damages and penalty share a common feature that both are payable on the occurrence of a breach of contract. The parties to a contract may provide in advance the amount of compensation payable in the case of failure to perform the contract. The sum so fixed may be either liquidated damages or penalty
However, [...]

Distinguish Between Indemnity And Guarantee

Append below some salient points pertaining to the difference/distinction between Indemnity And Guarantee:

Indemnity

Guarantee

Comprise only two parties- the indemnifier and the indemnity holder.

There are three parties namely the surety, principal debtor and the creditor

Liability of the indemnifier is primary

The liability of the surety is secondary. The surety is [...]

Understand the Difference Between Misrepresentation And Fraud

Sometimes the terms are used inter-changeable by readers, however, they are actually different. Append below a table on the salient point to distinguish the terms:

Fraud

Misrepresentation

Implies on intention to deceive, hence it is intentional or willful wrong.

Is an innocent wrong without any intention to deceive. The person making the statement believes it [...]

Basics of Product Life Cycle

Besides understanding the 4 P of marketing mix, another equally fundamental term commonly used in marketing line is “Product Life Cycle”
The following benefits might accrued if readers have a good understanding of the product life cycle concept:

it enables marketing managers to plan alternate marketing strategies to address the challenges that their products are likely to [...]

Different Types Or Styles Of Leadership

The Importance and Benefits Of Good Effective Leadership

Why do organizations worldwide striving to find the best type of leadership style? Quite simply, with good effective leadership, the leader(s) can drive their work group to achieve all the critical aspects of the company’s goals/objectives. Leadership is essential for effective management and a good leader is able to understand his sub-ordinates, their needs and [...]

Qualities Of A Good Leader

If one is consider an effective leader, it would be an individual who can influences his or her followers in such a manner that we can see higher job productivity being achieved, high morale and low turnover, less accidents and better training and development of the followers.
Experts advocate some of following qualities of a good [...]

Functions Of A Leader

As explained in the earlier article, there are many theories on leadership. But what is clear to researcher is that good effective leader is able to understand the mental and physical make up of its staff/people so as to able to guide the staff/people or their activities towards certain goals.
Below are some of the major [...]

Basic Understanding Of Leadership Theories

Leadership topic has always been a controversial subject and many questions have been raised and many theories have been advocated trying to find out the correct set of rules, traits, styles etc.
The three leaderships theories have been explained in brief:

Basic Marketing Concept-The 4Ps

One of the most important concept in marketing is the marketing mix which comprises product, price, promotion and place and is popularly known as the 4Ps.

4 P’s

Marketing Mix

Product

The product management and product marketing aspects of marketing deal with the specifications of the actual goods or services and [...]