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Saturday, February 7, 2015

Conflict Project life Cycle

Four stage model – project formation, buildup, main program and phase out
Conceptualization, planning, execution and termination
  • First stage (initial planning) – adopt objectives, set scope
  • Second stage – detailed planning, budgeting, scheduling and aggregation of resources
  • Third stage – accomplished actual work
  • Final stage – works are completed and products turn over to client, disposition of project’s asset and personnel

What is Negotiation ?

Any strategic discussion that resolves an issue in a fashion that both parties find appropriate. In a negotiation, each party tries to persuade one other to agree with their point of view.


Organizational Conflict

A fundamental definition of organizational turmoil is disagreement by individuals or groups inside the organization, which can target factors ranging from source allocation and divisions of responsibility towards the overall direction of the business. A common example associated with organizational conflict occurs whenever workers advocate for higher pay and also the business owner or administration wants pay levels to stay the same.


What is Business Incubator ?

A business incubator is a shared office space facility that seeks to provide its incubatees with a strategic, value-adding intervention system of monitoring business assistance. The business incubator seeks to effectively link talent, technology, capital, and know hoe in order to leverage entrepreneurial talent and to accelerate the development of new companies..... Continue



Sunday, February 1, 2015

What is Grapevine?

Grapevine is actually one type of informal conversation. It is principally about news, rumor, informal which talks devote an business. Manager can't control grapevine. They are able to influence this.

"Grapevine comes from social conversation; it is really as fickle, dynamic as well as varied as individuals are. It may be the exercise of the freedom associated with speech and it is a organic, normal activity".




What is Intellectual Property?

Intellectual property –It includes  patents, trademarks, copyrights, and trade secrets- represents important assets to the entrepreneur and should be understood even before engaging the businesses. They are legally recognized exclusive rights to creations of the mind.
Example: Authors writing, invention etc



Developing the Management Team

Entrepreneur should develop the competent management team to operate the business because it is significant to potential investors. Investors will usually demand that the management team not attempt to operate the business as a sideline or part-time venture while employed full time elsewhere........Continue



The basic determinants of individual behaviour

Personality – the individual psychological structures and processes which shape a person's actions and reactions with the environment;
Perception – the process by which the individual interprets the stimuli received from his/her environment......Continue

Who is entrepreneur and who is not?

An entrepreneur is a person who-
  • is able to recognize potential profitable opportunities;
  • is able to conceptualize the venture strategies;
  • is able to become the key force in successfully moving the idea from the laboratory to the market place.....Continue