Tags: business

Corruption explodes in Bhutan

Barely weeks after the Transparency International published its annual report stating Bhutan is least corrupted in South Asia, a major corruption scandal has shaken Bhutan badly. The case was silently ignored by the government despite media reports. The case is not barely corruption scandal rather an exposure of the continued power struggle between the political…

Political ideology detrimental to economic system

Legal system of a country greatly influences the way business operates. Political and legal systems, to certain extent, determine the kind of economic system a country has and it governs the business activities. The government is the formal institutions and processes that are responsible for making and enforcing the collective decisions for society and the…

The vicious circle of politics and economy

Historically, politics and economy were one topic. Only recently they are being studied separately. Politics and economics have integral relations and it would not be plausible to assume the existence of one without another. Economic dimensions have impact on market and economic reforms, economic performance and system influence the benefits, cots and risk of doing…

Ethics empowers business

Businesses cannot just concentrate on earning more and more through any means and tactics. They are responsible to the communities and the environment in which they operate. This is corporate social responsibility (CSR). Ethics of doing business responsibly is integrated into CSR in one way or the other. A community, a business or a group…

Creating value in goods gives sustainability to business

Designing and implementing appropriate strategies are fundamentals for a business to make profits and maintain sustainability. Strategies are planned actions to achieve goals. Differentiation strategies result in more value creation in a product, which means the consumers are willing to pay more for the product than its actual cost. This essentially increases profits. A firm…

Exporting: First step towards getting international customers

Venturing into foreign markets requires details inquiries on ground scenario and based on the circumstances prevailing, a company must make choice from different modes of entry – exporting, importing, turnkey projects, licensing, franchising or foreign direct investment in the form of joint ventures or wholly owned subsidiary. Each of these modes has advantages and disadvantages…

Two super power diverted world attention this week. America voted for continuity to its existing leadership while China is going through sweeping leadership reshuffle. And these two leaders have immense responsibilities to ensure a better economic picture the world is expecting. American economy performed well below expectation during the first tenure of Barak Obama. Internal…

Many still question the sustainability of single currency union in Europe after the shocks and after shocks of the financial crisis. Several efforts of bailout through economic loans have given bleak picture of future economy in Europe. There are threats that countries might move out of economic union. As critics continue to question the rational…