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#ThoughtCommons Leadership is about understanding and telling everyone what
objectives are worth chasing.
#ThoughtCommons Objective is what an organization ultimately wants to achieve.
#ThoughtCommons Goal is small-small thing one needs to score to achieve a bigger
#ThoughtCommons Management is getting all things done required to achieve
objectives set by leadership.
What’s balanced scorecard?
#ThoughtCommons Balanced Scorecard is a small report which tells you how are your
performing on different objectives.
#ThoughtCommons Benchmarking is doing things better, faster and cheaper by
comparing how you do things with how others do them.
What’s business intelligence?
#ThoughtCommons Business Intelligence is knowing a lot of things about past,
present and future to make better business decisions.
What’s business operations?
#ThoughtCommons Business Operations include all activities involved in making what
#ThoughtCommons Centralization is when few people do all of a particular thing
(mostly planning) in an organization.
What’s change management?
#ThoughtCommons Change Management is changing things slowly and smoothly
from what they are to what they should be without shocking anyone.
What’s communications management?
#ThoughtCommons Communications Management is getting your messages across to
the right people in the cheapest and the most impactful way.
What’s human resource management?
#ThoughtCommons Human Resource Management is doing everything to have right
number of right people working in a smooth work environment.
What’s business ethics?
#ThoughtCommons Business Ethics remind you not be naughty, dirty and evil while
What’s corporate governance?
#ThoughtCommons Corporate Governance is balancing conflicting interests of
shareholders, leaders, employees, customers, suppliers & society.
What’s corporate social responsibility?
#ThoughtCommons Corporate Social Responsibility is doing some social work to tell a
set of people that you care about them.
What’s financial management?
#ThoughtCommons Financial Management is making sufficient money available for
all required things at all times.
#ThoughtCommons Accounting is noting down neatly what you paid money for and
what you got money for.
#ThoughtCommons Assets are all things an organization owns.
#ThoughtCommons Liabilities are all things an organization owes to others.
#ThoughtCommons Capital is what an organization is left with if it sells everything it
has and pays off everything it owes to others.
What’s fixed cost?
#ThoughtCommons Fixed Cost is what an organization spends even if it is not making
anything and sitting idle.
What’s variable cost?
#ThoughtCommons Variable Cost is what an organization spends in addition to its
fixed cost when it starts making something.
#ThoughtCommons Economics is about understanding what needs to satisfy with our
limited resources and what needs to let go.
What’s law of demand & supply?
#ThoughtCommons Law of Demand & Supply says costlier a product, consumers
want to buy less & sellers want to sell more. Vice-versa.
#ThoughtCommons Capitalism is when people are free to accumulate wealth and few
become richer than others.
#ThoughtCommons Socialism is when only government accumulates wealth and all
are financially equal.
#ThoughtCommons GDP is total price of all the things made in a country in a year.
#ThoughtCommons Inflation is when things become costlier.
#ThoughtCommons Deflation is when things become cheaper.
#ThoughtCommons Globalization is when the world behaves like one country when it
comes to business.
#ThoughtCommons Liberalization is when government stops behaving like a strict
and unreasonable parent to organizations.
#ThoughtCommons Marketing says understand what people want, get it made, tell
them why they should buy it from you and deliver it to them.
#ThoughtCommons Strategy is the smartest way to achieve what you want to
#ThoughtCommons Placement is making it easy for people to buy your products by
making them available wherever they want.
#ThoughtCommons Promotion is giving people more reasons to buy from you.
What’s PEST analysis?
#ThoughtCommons PEST Analysis is understanding impact of politics, economy,
society and technology on your business.
What’s SWOT analysis?
#ThoughtCommons SWOT Analysis is understanding what you are good & bad at and
knowing what can you get lucky and unlucky with.
#ThoughtCommons Differentiation is being different and better from others.
What’s economies of scale?
#ThoughtCommons Economies of Scale is when you can make something at lesser
cost because you are making a lot of it in bulk.
#ThoughtCommons Brand is the impression a company or a product leaves in minds
What’s integrated marking communication?
#ThoughtCommons Integrated Marketing Communication is talking to your
customers at every possible place with the same message.
What’s project management?
#ThoughtCommons Project Management is getting something done in the cheapest
and best way within given time.