Joseph A Schumpeter, for the first time, put the human agent at the centre of process of economic development and assigned a critical role to the entrepreneurship in his theory of economic development. He described an entrepreneur as a key man in the process of development. He innovates new ideas and puts them into practice. […]
McClelland’s Need Theory explains the concept of entrepreneurial motivation. He identified three motivating needs. (i) need for power (ii) need for affiliation and (iii) need for achievement. McClelland is of the view that the need for achievement is a distinct human motive that can be distinguished from other needs.
In this article we will discuss about Meaning of Human Resource Management and Various Job opportunities available in HR Domain. Meaning Human Resource Management is a process in which people are managed effectively in organization so that organization get more in return. It is a process in which individual and organization come together so that […]
In this article we will discuss about Top 7 Theories of Wages in detail with its assumptions and criticisms.The most important theories of wages are: 1. Subsistence Theory 2. Wage Fund Theory 3. Surplus Value Theory 4.Residual claimed Theory 5.Marginal productivity Theory 6.Bargaining Theory 7. Behavioural Theory. 1. Subsistence Theory :This theory was propounded by […]
In this article we will discuss about Concept of E-Commerce- Meaning, Types, Advantages, Disadvantages and its Forms. E-Commerce E-Commerce refers to electronic commerce which involves selling and buying of product online which is easy to seller for selling of his products and buyer to buyer anytime which less efforts. It increases customer’s ability to gather information […]
In this article we will study the Concept of business Entrepreneurship its characteristics. Also we will discuss about Importance of Entrepreneurship and How the process of entrepreneurship works. Concept of business Entrepreneurship : The word ‘Entrepreneur′ derived from French verb ‘entreprendre’ which means to ‘undertake′ . Entrepreneurship is a process of designing or running of […]