Ethics as a concept has driven the functionality of our society for centuries. So, it is no surprise that business ethics has been a topic of interest for many companies lately. Here is a look at the importance as well as some drawbacks of ethics in business. WHAT IS BUSINESS ETHICS? Business ethics or corporate […]
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With the advent of globalization and technology, shipping of goods, and selling a service anywhere in the world has become very easy. This has increased competition in the international marketplace. Consequently, international trade has gained momentum with companies looking for more profits. So, let us see if it is as successful a venture as it […]
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With the rising costs of healthcare all around the world, it becomes increasingly difficult to get medical insurance. But, with more and more people getting health insurance, there are more varieties to choose from. Most of the time, these differences are so nuanced that common people who do not have a knowledge of insurance policies […]
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Globalization has integrated national economies into a global market economy. One can even call them as a global village. As the markets expand, businesses have naturally bloomed. International business is an important part of a country’s economy. But is it a sustainable model of business? So here we look at the advantages and disadvantages of […]
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When an individual decides to start a business, they have hundreds of decisions to make. They have to decide the scale of their business, the location, and many more. One very important decision that they have to take is with regards to the ownership of their firm. There are various options to choose from. One […]
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We live in the age of globalization driven by digital connectedness and unlimited flow of data. One could even say that we are hyper-connected. There are no physical barriers left when it comes to connectivity anymore. And this even translates to our consumerism. As a concept, e-commerce has emerged as a symbol of this very […]
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In the ever-evolving world of ours, the business model has always been about increasing profits and shifting innovations. There’s severe competition in the business world and every company or firm strives to be the best among the best. Firms or companies can take different forms according to their jurisdictions. One such form is a corporation. […]
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Throughout the history of civil society, various empires have existed. All of these empires have had different economic histories. A major reason why they have had different economic histories is that they had different economic systems. One of the types of economic systems is capitalism. Because of its advantages and disadvantages, it has had wildly […]
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