Business Management

What is Leadership? Leadership is defined as the action or an act of guidance of leading a group of people or an organization. For example, – what a pastor does in his state, a commander does in the play area, the supervisor needs to do the same in his association. Leaders in varying backgrounds possess […]

Definition Decision-making and problem-solving are basic ingredients of managerial leadership. More than anything else, the ability to make sound, timely decisions separates a successful manager from a non-successful. It is the responsibility of managers to make high quality decisions that are accepted and executed in a timely fashion. On the face of it the decisions […]

Contract Life Cycle Management (CLM) simply means effectively managing contracts or agreements and relationship between entities by properly planning all the contract management stages resulting in reducing, eliminating or mitigating financial, legal and procurement risks. Contract life cycle management “is the process of systematically and efficiently managing contract creation, execution and analysis for maximizing operational and financial performance […]

Third parties, such as vendors, suppliers and business partners, can introduce significant business risk to an organization simply due to the type and amount of sensitive information shared and how they process12 and potentially share this information amongst themselves. Data breaches are increasingly being attributed to security failures in an organization’s supply chain. The ‘flow […]

Definition: Planning is the process of deciding in advance what is to be done, who is to do it, how it is to be done and when it is to be done. It is the process of determining a course of action, so as to achieve the desired results. It helps to bridge the gap […]