Entrepreneurship

Starting and running a business: ideas, theories, funding, challenges and the Indian startup ecosystem.

Worker representative separated from managers by barriers, illustrating limits of workers participation
Entrepreneurship

Quick answer: Workers’ participation in management often falls short because of complex technology and organisation, lack of workers’ skills and

Union and management shaking hands over a signed agreement
Entrepreneurship

Quick answer: Collective bargaining is negotiation between an employer and workers’ representatives, usually a trade union, to agree wages and

Rival union flags pulling in different directions beside an empty negotiation table
Entrepreneurship

Quick answer: Collective bargaining has struggled in India because of multiple rival unions in the same workplace, employers refusing to

Union and management negotiating across a balanced scale, illustrating collective bargaining
Entrepreneurship

Quick answer: Collective bargaining works only when certain conditions exist: workers are free to form unions, unions are stable and

Union reps and managers reaching agreement across a table, illustrating collective bargaining
Entrepreneurship

Quick answer: Collective bargaining is the process in which representatives of organised workers and employers negotiate wages and working conditions.

Manager mediating between two colleagues with a balanced scale
Entrepreneurship

Quick answer: The main conflict management styles are smoothing (playing down differences), forcing (using authority to impose a solution), integrative

Distributor network with one member demonstrating products at home
Entrepreneurship

Quick answer: Network marketing (multi-level marketing) sells products through independent distributors who earn from their own sales and from sales

Online shop with parcels flying around a globe, a padlock and a return, illustrating e-commerce pros and cons
Entrepreneurship

Quick answer: E-commerce lets a business sell to a global market around the clock with lower transaction costs, wider choice

Outsourcing office staff with headsets serving a client across the globe
Entrepreneurship

Quick answer: BPO lets a company hand non-core processes such as customer support, payroll or data entry to a specialist

Brand headquarters handing a key to a new franchise owner
Entrepreneurship

Quick answer: Franchising lets a business owner run a unit of an established brand in return for fees and royalties.