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Interdependency of concepts of Economics and Business

Normally, it is considered that business administration and the economic theories are of different concerns but it is wrong perception.For a successful business administrator not only the business laws but the concept of economics especially the managerial economics also matteres. Whether the decision is about production and distribution, sale and purchase, goods and services, costs Read more

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US Govt. reveals new $1.5t bank bailout plan

A new bank bailout plan of nearly $1.5t has just been unveiled by the US Treasury Secretary timothy Geithner. The plan has been designed to expand the size of a major Federal Reserve lending program from previous $200bn to $1 trillion. Furthermore, the additional funding will also be used to develop a public-private investment fund Read more

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Leadership – Between Strategic Planning and Doing

Planning in simple words can be defined as formulating ways of proceedings or determining the tasks that need to be carried out. Planning involves a rational and orderly thinking of ways. It is a mean with the help of which desired goals can be achieved. Strategic planning on the other hand is nothing different from Read more