Major Corporate Social Responsibility | Principles of Management

Major Corporate Social Responsibility Organizations have great responsibility for the welfare of the society and the environmental protection. The major corporate social responsibility are as follows: Responsibility towards Shareholders: Shareholders invest capital in the business and bear risks .They want return of their investment from the business.So,they have interest in the development and prosperity of […]

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Organizational Change

Organizational Change, Forces of Organizational change,Planned change, process of planned change Organizational change: Change is one of the most challenging events an organization will go through. This lesson describes the steps of the planned changed process, which include recognizing the need for change, developing change goals, appointing a change agent, assessing the current climate, developing […]

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Leadership

Leadership,  Characteristics,  functions,  Traits/Qualities of Good Leaderdhip,  Styles of Leadership, Approaches to leadership(Trait Approaches to leadership,Behavioral Approaches to leadership, The Ohio State Studies, The Managerial Grid, Situational Approaches to leadership ,Fiedler Model. Leadership: Leadership is the ability to influence the behavior and performance of an individual or group of individuals towards the achievement of common […]

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Introduction to Management

Introduction to Management,Characteristics,Process,Principles,Manangerial levels,Manangerial skills, Managerial roles,Emerging management issues and challenges. Definition of Management and its functions Management is the process of reaching organizational goals by working with and through people and other organizational resources. Management has the following 3 characteristics: It is a process or series of continuing and related activities. It involves and […]

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Decision Making

Decision Making Decision-making has great importance for success of organization in contemporary management system. Managers have to take critical decisions at every stage. Decision-making pervades through all managerial functions such as planning, organizing, staffing, directing and control. In planning for example manager decides what to produce, where and when and in organizing manager decides about […]

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Management | Principles Of Management

Management Theories ,Evolution of management thoughts,Contemporary perspective of management Evolution of Management Thoughts: Management is studied in business academics since earlier times and it is considered as an integral part to understand business operations. People have been changing and redesigning organizations for centuries. Though the 20th century is noticeable in history as an ‘Era of […]

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Planning

Planning,Nature of planning,Types of planning,Process of planning,Barriers of planning Planning: Planning is the primary function of management. It is the important process of deciding business objectives and charting out the method to accomplish these goals. This includes decision of what type of activity is to be done, where to be done and how the results […]

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Scientific Management | Principles of Management

Scientific Management: Scientific Management, also called Taylorism, is a theory of management that analyzes and synthesizes workflows. Its main objective is improving economic efficiency, especially labor productivity. It was one of the earliest attempts to apply science to the engineering of processes and to management. Frederick Winslow Taylor (1856-1915) Frederick was an American inventor and […]

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Managerial levels | Principles Of Management

Levels of Management,Managerial levels,Managerial Hierarchy: Many managers work in an organisation. However, these managers do not work at the same level. They work and operate at different positions. Hierarchy of these managerial positions is called Levels of Management. 1)Top Level of Management The Top Level Management consists of the Board of Directors (BOD) and the […]

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