phases of the business cycle

What are the phases of the business cycle?

As an economy grows and shrinks, it helps to explain the growth and contraction in economic activity that it undergoes throughout time. An economy has completed a business cycle when it has gone through a single expansion followed by a single recession in succession. The duration of the business cycle or phases of business cycle […]

Ethics and corporate social responsibility

Ethics and Corporate Social Responsibility

You can apply, Ethics and corporate social responsibility in many different ways. There are also four general and specific ways businesses can join both their efforts towards ethical business practices and towards social responsibility on the same page. They include Corporate giving, Ethical philanthropy. Corporate giving: Corporate giving is a means to an end. Its […]

In-Demand-career-trends post covid 19

In Demand career trends-Post Covid-19 Pandemic-2021

COVID-19 Future of career trends: To restore big job patterns, HR leaders need to reconsider preparation, management and efficiency methods for their staff. In crucial aspects, the coronavirus pandemic would permanently change the future of career trends. ┬áThe need for HR leaders is to evaluate the influence of each pattern on the activities and strategic […]

Business Ethics components

Business Ethics and its Importance

Business ethics is about studying business transactions, actions, and choices in which ethical considerations are addressed. Business ethics typically relates to a corporation or an organization of decision-making that involves social responsibility. In contrast, social responsibility pertains to the effect of a business or activities on society. While legal obligation focuses on how a business […]

Business Cycle

Why is the business cycle like a roller coaster?

The business cycle is typically not concerned with the cycles of a single company, but rather with broader macroeconomic patterns and it usually follows a fairly regular set of phases, as measured by real gross domestic product (GDP) or GDP adjusted for inflation. A business cycle aims to keep track of the state of the […]