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Risk Management – Pure Risk and Speculative Risk Explained

The dichotomy between pure and speculative risks is at the basis of risk management. This 500 word article explains the two kinds of risks, their characteristics and their role in risk management.

Words: 491   Downloads: 1   Category: Management   By: Dorian Wales
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The Causes of Organizational Commitment: How to Create the Suitable Environment

Higher organizational commitment directly improves productivity and thus profitability. Creating organizational commitment requires the suitable environment for it to evolve. There are several, independent, ways to achieve higher levels of company Identity. In this article I will discuss some of the most common and effective ones.

Words: 528   Downloads: 1   Category: Management   By: Dorian Wales
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Creating Organizational Commitment among Employees through Behavioral Change of Attitudes: Cognitive Dissonance as a Tool for Managers

Employee commitment to an organization is highly important as it directly affects productivity and profitability. Using behavior to change employee attitudes is consistent with cognitive dissonance theory which states a person will change either attitude or behavior to eliminate the dissonance. As managers can influence behavior it is possible for them to change employee attitudes to organizational commitment.

Words: 747   Downloads: 1   Category: Management   By: Dorian Wales
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Outsourcing: Why Outsource? Potential Benefits and Risks

A detailed discussion of the reasons, potential benefits and risks of outsourcing.

Words: 560   Downloads: 1   Category: Management   By: Dorian Wales
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How to Improve Morale and Boost Profitability in Your Organization

Very few companies give proper attention to morale among workers in their organization. This is of course a mistake. High morale in the organization may not directly affect productivity but it has been shown high morale among workers improves work satisfaction greatly and thus increases the profitability of the organization.

Words: 465   Downloads: 1   Category: Management   By: Dorian Wales
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Creating and Managing Effective Teams in the Workplace

Teams have the potential of exponentially empowering an organization as every member completes the other and in turn creates synergy. Creating and managing effective teams is a challenge worth taking on as the benefits of synergy are a great reward. This article will offer tools and thoughts on how to create and manage effective teams in the workplace.

Words: 589   Downloads: 1   Category: Management   By: Dorian Wales
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