What is Cost Accounting?

What is Cost Accounting? Cost accounting is the systematic collection, analysis, representation, and communication of a business’s costs (and associated opportunities). It is essential to understand the actual cost of doing one’s business. Cost accounting may be undertaken with a view to taking advantage of opportunities presented by markets or Read more…

What is Employee Involvement?

What is Employee Involvement? Employee involvement is when employees are given a voice and made central to decision-making. Employee engagement and participation have positively impacted performance, motivation, engagement, creativity, morale, and innovation. When employees have opportunities to participate in decisions, they feel respected and valued, which also impacts performance. Employees Read more…

What is Organic Organisation

What is Organic Organisation The term “organic organization” refers to a hierarchical system in which all employees are assigned to the same levels. This kind of flat shape naturally favors horizontal connections and communication. The structure of an organic organization strongly encourages team members to decide on the most appropriate Read more…

High Context Culture

High Context Culture A high-context culture is one in which contextual cues are the primary and dominating method of transmitting communication rules. These include particular types of body language, a person’s social or familial standing, and the tone of voice used when speaking. High-context cultures typically lack explicitly stated or Read more…