The processes of governing undertaken by a government/market / a family/tribe, formal or through, norms, power or language that can be called as governance. The processes of governance include key activities as elections and legal procedures, which must be seen to be free of corruption and accountable to the people. Governance can be refer ed to all manner of organizations. Governance can define practical agendas for them. Normative concepts of good governance are common among public, voluntary, and private sector organizations. It is a theoretical concept referring to the actions and processes by which stable practices and organizations persist. These actions and processes can operate in formal and informal organizations of any size Neoclassical economics gives most number of theories for good governance. These theories build deductive models, based on the assumptions of modern economics, to show how rational actors may come to establish and sustain formal organizations. A research paper can be defined in simple terms as a form of academic writing, which is usually between five to fifteen pages long, composed by researchers in educational institutions. A research paper requires the author/student/professor/scientist to conduct research on a specified topic, and provide support for that position in an organized report. Generally a research paper would contain 5000-1000 words. Journal of Defense Studies & Resource Management emerges as a best indexed, hybrid journal with impact factor compared to other competitive journals focusing on governance by bringing up the recent research to global scientific community through its publications. The papers submitted are undergone through perfect plagiarism checks, later peer reviewed by the expert group and published after through revisions.