Business

Definition: Business Environment means a collection of all individuals, entities and other factors, which may or may not be under the control of the organisation, but can affect its performance, profitability, growth and even survival. Every business organisation operates in a distinctive environment, as it cannot exist in isolation. Such an environment influence business … [Read more...] about Business Environment

Definition: Entrepreneurship refers to the process of creating a new enterprise and bearing any of its risks, with the view of making the profit. It is an act of seeking investment and production opportunity, developing and managing a business venture, so as to undertake production function, arranging inputs like land, labour, material and capital, introducing new techniques … [Read more...] about Entrepreneurship

Definition: Benchmarking, is a tool of strategic management, that allows the organization to set goals and measure productivity, on the basis of the best industry practices. It is a practice in which quality level is used as a point of reference to evaluate things by making a comparison. The process helps in comparing and gauging the processes, programs, strategies and … [Read more...] about Benchmarking

Definition: In business parlance, a change agent is an individual or group, who carry out the task of instigating and managing change in the organization. He/She is someone, who directly or indirectly influences change, i.e. the change agents are appointed by the organizations to transform the ways, the organization is managed, or the business is conducted. Types of Change … [Read more...] about Change Agent

IPO stands for Initial Public Offering, which is the first sale of the stock by a private or any government company that opens to the general public. The company which comes with an IPO can be new, a budding company or an old company which decides to be listed on an exchange and therefore, goes public. In an IPO the company can raise equity capital by issuing new shares to … [Read more...] about IPO

The word 'Demat' is the colloquial short word for 'Dematerialized account' which is a type of an account where shares and securities are held electronically to enable trading transaction & settlements in stock exchange, thereby eliminating the need of physical financial instrument. It was in the year 1996 when it was first introduced in India after the introduction of … [Read more...] about Demat Account

Definition: Foreclosure is a process in which the lender tries to recover the loan balance from the borrower, who has missed out the loan payment, by canceling the borrower’s right to redemption of property held as collateral with the mortgage holder and selling it to recover the amount due to him. Foreclosure Process Missed Payments: When the homeowner or borrower … [Read more...] about Foreclosure Process

Definition: Foreclosure is a legal process wherein the lender tries to recover the balance of a loan from the homeowner (borrower), who defaults the payment of the mortgage, by making the forceful sale of the asset used as collateral against the loan. In other words, a legal right of the lender to forfeit the homeowner’s (borrower) right to property because of the … [Read more...] about Foreclosure