Centralization & Decentralization Meaning, Definitions, Merits and Demerits Centralization & Decentralization Centralization In some organizations, top managers make all the decisions. Lower-level managers merely carry out top management’s directives. At the other extreme, there are organizations in which decision making is pushed down to the managers who are closest to the action. The former […]
Category: Management Notes
Roles of Management / Managerial Roles / Mintzberg’s Management Roles
Roles of Management / Managerial Roles / Mintzberg’s Management Roles Roles of Management Management roles depend on the formal authority which is delegated to the manager in an organization. The degree of authority determines his status and different role. In performing a particular role, the manager uses his skills and other characteristics. Henry Mintzberg […]
Contribution of various scholars to Management/Work of Various Management Scholars/Researchers
Contribution of various scholars to Management/Work of Various Scholars/Researchers Contribution of various scholars to Management 1. Henry Fayol i. Founder of modern management methods. ii. Was a French mining engineer, mining executive, author and director of mines who developed a general theory of business administration. iii. Father of modern Management iv. Father of Operational […]
Schools of Management Thought – Approaches/Theories – BBA Notes/MBA Notes
Schools of Management Thought BBA Notes/MBA Notes Schools of Management Thought Notes Evolution of Management Thought After World War-I the concept started growing and gained impetus after World War-I I because of growing competition, complexity of managing large business, technological innovation, increase in capital investment, freedom at national and international markets, high degree of […]
Direction/Directing- Meaning, Definitions, Features, Importance, Principles, Techniques and Models
Direction/Directing Meaning, Definitions, Features, Importance, Principles, Techniques and Models Directing/Direction Meaning After planning, organizing and staffing functions are completed in the context of a work cycle, directing function begins. Every manager in the organization gives direction to his subordinates as superior and receives direction as subordinate from his superior. Direction is the process in which […]
Job Evaluation – Meaning, Definitions, Objectives, Process, Methods, Advantages and Limitations
Job Evaluation Meaning, Definitions, Objectives, Process, Methods, Advantages and Limitations Job evaluation is a systematic way of determining the value and worth of a job in relation to other jobs in an organization. It tries to make systematic comparison between jobs to assess their relative worth for the purpose of establishing a rational pay […]
Business Organization Notes – BBA Notes/ MBA Notes/ B. Com Notes/ M. Com
Business Organization BBA Notes/ MBA Notes/ B. Com Notes/M. Com Notes Business Organization The word ‘organization’ has originated from the word ‘organ’ which has two meanings- various parts of a human body and musical instrument. The human body is a combination of various limbs. If one of the limbs stops functioning properly, then some […]
Business – Meaning, Definitions and Features of Business
Concept of Business Business- Meaning, Definitions and Features Meaning The term ‘business’ literally implies ‘busyness’ or the state of being busy. It denotes economic activities primarily pursued with the objective of earning profits. It is concerned with earning money and acquiring wealth. Wealth is acquired through the production and exchange of goods and […]
Human Resource Audit – Meaning, Definitions, Need and Benefits
Human Resource Audit Meaning, Definitions, Need, Objectives and Benefits HR records and reports provide information regarding the utilisation of human resources in an objective way. However, in most cases, this is not sufficient. A critical evaluation of manpower programmes might be required to find out the areas where improvements are needed and to set things […]
Performance Appraisal – Meaning, Definitions, Features and Evolution
Performance Appraisal – Meaning, Definitions, Features and Evolution Performance appraisal is the process of evaluating an employee’s performance of a job in terms of its requirements. It involves assessment of the actual performance of an employee against what is expected of him/her. Such assessment is the basis for awarding promotions, effecting transfers or […]