Many business owners think values and principles are interchangeable. But think again. There’s a fundamental difference between the two.

The matching principle requires that a company tie revenue it generates during a given period -- say a month, quarter or fiscal year -- with expenses it incurred to reap that revenue.

Learn which is more important--ethics or compliance--and what this means for your career as a leader.

The difference between values and culture While core values and culture are closely related, they serve different purposes within an organisation. Here are the key differences. 1. Implementation ...

There is no meaningful difference between the concepts of ethics and morality, but I’ll explain why you should choose one word or the other and stick to it in business and beyond. Better yet ...

Learn how a principal-agent problem often leads to moral hazards in the context of an agent and principal having different desired outcomes in an agreement.

They are the lucky ones, for most youngsters are encumbered by a flawed value system of prejudices. Here’s a snapshot of some of the differences between values and principles.

In addition to being solid spiritual food, the Bible is replete with concepts and principles that, when properly understood, can mean the difference between success and failure, wealth and poverty ...

WHAT are values? One definition is "principles or standards of behaviour; one's judgment of what is important in life". They could also be described as our internal drivers or compass that helps ...

The common purpose goes beyond the mission, acting as the unifying principle that drives everything the organization does.