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 scholarly article is based on original research or findings. Scholarly article is generally written by a researcher or expert in the field who is affiliated with an educational institution such as college or a university. Scholarly writings include footnotes or bibliography as references for the study. It also includes graphs or charts as illustrations as opposed to glossy pictures. In addition, articles that appear in scholarly journals or book that is published by academic presses are subject to a peer-review process, which means that other experts or specialist in the field would evaluate the quality and originality of the research as precondition of publication. 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.