The case of Company X is a good example of private enterprise that has yet to put social development at the core of its business. Before measures are laid out as to how they could improve its corporate social responsibility (CSR), it is imperative to discuss the basics of CSR. CSR is defined as the responsibility of a business towards society (Bateman and Snell, 2002,p. […]

Personality traits like overconfidence, ambition, and greed motivate entrepreneurs to push for fast growth as the desired and best route for building companies. This also leads them to raise greater capital and push for sales at any cost, often at the cost of both margins and cash flows. Inherently unprofitable orders with razor thin margins are accepted in the hope of growing sales. At other […]