Importance of Work-Life Flexibility

Over the past decade, the phrase work-life balance has been commonplace but in recent years, the term workplace flexibility has been gaining more popularity. Work-life flexibility is becoming more and more common these days as some employees, especially millennials and other younger workers, prefer work-life flexibility and not work-life balance. Work-life balance basically implies that staff members should not be totally consumed by work responsibilities. Business organizations that have adopted this workplace ideal tend to have generous, albeit still clear, vacation policies. Such companies encourage their staff members to work the normal 9-5 work schedule with very little flexibility. In addition, they discourage workaholics. On the other hand, work-life flexibility entails providing employees with flexible work arrangements or flexible schedules that allow them to have some flexibility so that they can easily manage the increasing overlap of life and work. With work-life flexibility, employees would be able to have flexibleContinue reading

Work Life Balance and Wellness in Organizations

Human resource management refers to the management that combines all the activities of the organization and increase the satisfaction level of most important asset of the organization that are the employees of the company. An organization can never build a good team of good professionals without having an efficient human resource management team with them. The human resource management of organization is completely responsible to satisfy the employees and make them feel connected with the activities of the company as well. Further, the organizational behavior is also one of the aspects that helps the employees to create work-life balance or eliminates it from their lives. The human resource management of the organization create effective workplace environment that maintain good workplace environment for the employees to work effectively and satisfy themselves in the organization. Work-life balance is taken as one of the basic requirement that is required by the employees toContinue reading

What is Work Life Flexibility?

Work life flexibility is important to have an effective and productive work at the workplace. It is seen that there are various advantages on having flexibility in work life. Having an appropriate work life balance is also essential to have a healthy lifestyle and a successful career. Work life flexibility helps the employee to be more responsible towards his family and adjust himself in various situations. The traditional method of job is found to be from 9am to 5pm. This is usually found as working hours in office. However, this traditional method of office hours is dying with time. In the modern world, people think that this traditional method of office hours does not make any practical sense. It is seen in the modern world that both the parents of a family are working. They need to stay outside the house more than they can give time to their family.Continue reading

The Relevance of Stakeholder Management in International Business Context

Stakeholders can be defined as an internal and external party to the organization which is having interest in the operations of the organization. Stakeholders can create an impact on the actions, objectives, and policies of the organization. Stakeholders may get affected by the objectives, policies, and actions of the business. Stakeholders may have a direct or indirect interest in the operations of the organization. Stakeholders of an organization can be of different types. These different types of stakeholders include management and employees, customers, investors and suppliers, banks and other financial organizations, government, trade unions and pressure groups. The term stakeholder management can be defined as the process of engaging and enrolling the stakeholders in the operations of the business so as to make them accountable, responsible, consulted and informed. Stakeholder management is concerned regarding the fit between the values or the organization and expectations of the stakeholders for determining theContinue reading

Why Business Models Matter in Business?

Business model is a concept used in explaining various aspects of the business ranging from its value proposition to the innovation process that a particular business entity wants to adapt in its business activity. A a business model comprises two elements. These are a specific business system and a profit model. The aim of framing a business model is to conceptualize a picture on how a business operates in its operating environment. In addition to this, a business model also provides the opportunity of using the available resources best as per the ability of the firm. The aim of the firm is to maximize the utilization of the resources available to them. The two components of the business model are inclined towards describing the maximum utilization of the resources and deliver the products to the consumers in a profitable manner. The business system is concerned with the system of workContinue reading

What is Corporate Philanthropy?

Corporate Philanthropy is when the business decides to the promote welfare of the society in which they work and live. It is focused on treating people right, working for a cause to make changes for the betterment of the community. The organizations undertaking corporate philanthropy make donations to other organizations working for the development of the community or work directly by undertaking some initiatives. These donations could be in cash or by volunteering time or offering use of company’s facilities. The organizations usually have a separate team looking after this aspect. The company aims to create and achieve a positive social impact by supporting these beneficiary causes. The business has to utilize its resources and put them to use, so that they become useful for the society. Corporate philanthropic initiatives add value to the company, but the most important aspect is that these values have to align with the long-termContinue reading