What's it: Servant leadership is a leadership style that puts forward the service of others. Leaders meet others' needs, help them grow, and provide opportunities for them to be rewarded materially and emotionally. In this sense, the leader goes
Human Resources
Management: Meaning, Five Main Functions
What's it: Management refers to a series of activities or functions to efficiently and effectively allocate and direct resources towards company goals. It includes planning, decision making, organizing, leading, and controlling. In this definition,
Gig Economy: Meaning, Key Drivers, Pros and Cons
What's it: Gig economy is a phenomenon in the economy and employment structure where non-permanent jobs are trending and proliferating. Short term contracts, freelance, and part-time jobs are gaining popularity. The internet and technology
Manager: Definition, Interests, Types, Functions
Who's it: Managers are employees whose functions are to plan, organize, control, and make decisions to achieve company goals. They may head a project, work unit, branch office, or company department/division. In carrying out their functions,
Corporate Culture: Meaning, Importance,
Corporate culture or organizational culture is a set of values, ideologies, systems, norms, beliefs and behavior in a company. It shapes the way everyone runs the company and interacts. It is the social energy that moves the organization towards its
Strategic Leaders: Meaning, Importance, Characteristics
Strategic leaders refer to leaders who are responsible for changes in the company's strategy. Leaders refer to not only the CEO but also those who have power and subordinates, such as functional level managers. Although, indeed, this term refers more
Bonus: Types, Advantages, Disadvantages
What's it: A bonus is compensation beyond the regular salary paid by the company to employees or management, usually once a year. In a narrow definition, it refers only to cash payments. However, a broad definition may include share ownership
360-Degree Appraisal: Advantages and Disadvantages
What's it: A 360-degree appraisal is an employee performance appraisal involving the people around them, not just themselves. It might involve coworkers, superiors, and subordinates. Sometimes, it involves colleagues in other divisions with whom