Management Intro

? MANAGEMENT     Management is a process of designing and maintaining an environment in which individuals, working together in groups, accomplish selected aims. In other words,” It is the accomplishment of Goals through others.” Management has been used in different senses. Sometimes it refers to the process of planning, organizing, staffing, directing, coordinating … Read more Management Intro

Learning

?     BEHAVIOR – LEARNING AND MOTIVATION   Styles of learning, Models of memory, Causes of forgetting.       Style of Learning       Learning styles are the different ways people interpret, organize and represent information. For example, some people learn best by having information presented to them in audio form, such … Read more Learning

SWOT Analysis

? SWOT Analysis A successful business is founded on a series of sound decisions, so the way you analyze situations and choose to react is essential. When trying to assess the lay of the land, few tools are more useful than the SWOT analysis. It stands for strengths, weaknesses, opportunities, and threats; the SWOT … Read more SWOT Analysis

TECHNIQUES OF ANALYSIS OF FINANCIAL STATEMENTS

? TECHNIQUES OF ANALYSIS OF FINANCIAL STATEMENTS   A Financial Statement is an organized collection of data according to logical and consistent accounting procedures. Its purpose is to convey an understanding of some financial aspects of a business firm. It may show assets position at a moment of time as in the case of balance sheet, or … Read more TECHNIQUES OF ANALYSIS OF FINANCIAL STATEMENTS

Resposiblity Accounting

? RESPONSIBILITY ACCOUNTING   Responsibility accounting is a management control system based on the principles of delegating and locating responsibility. The authority is delegated on responsibility centre and accounting for the responsibility centre. Responsibility accounting is a system under which managers are given decisions making authority and responsibility for each activity occurring within a … Read more Resposiblity Accounting

FUNCTIONS OF MANAGEMENT Direction

? FUNCTIONS OF MANAGEMENT- DIRECTION (Communication,Supervision,Motivation,Leadership)       Directing is concerned with instructing, guiding, supervising and inspiring people in the organisation to achieve its objectives. It is the process of telling people what to do and seeing that they do it in the best possible manner.   Elements in Directing: The four essential … Read more FUNCTIONS OF MANAGEMENT Direction

Auditing

? AUDITING   Auditing is the on-site verification activity, such as inspection or examination, of a process or quality system, to ensure compliance to requirements. An audit can apply to an entire organization or might be specific to a function, process, or production step.    Meaning of Auditing:   Auditing is an examination … Read more Auditing

Partnership

? PARTNERSHIP   Partnership : Partnership is an association of two or more parties, they put money for business.         Simple Partnership: Simple partnership is one in which the capitals of the partners are invested for the same time. The profit or losses are divided among the partners in the ratio … Read more Partnership

FUNCTIONS OF MANAGEMENT STAFFING

? FUNCTIONS OF MANAGEMENT – STAFFING     Staffing refers to the managerial function of employing and developing human resources for carrying out the various managerial and non-managerial activities in an organisation. This involves determining the manpower requirement, and the methods of recruiting, selecting, training and developing the people for various positions created in … Read more FUNCTIONS OF MANAGEMENT STAFFING

PERFORMANCE & EFFICIENCY AUDITING

? PERFORMANCE AUDIT     Meaning   An independent examination of the efficiency and effectiveness of government undertakings, programs or organisations, with due regard to economy, and the aim of leading to improvements”.   Performance audit is simply an audit of sound financial management, namely of the economy, efficiency and effectiveness with which audited … Read more PERFORMANCE & EFFICIENCY AUDITING

Stress

? BEHAVIOR   MEETING LIFE CHALLENGES : STRESS   Stress: – The pattern of responses an organism makes to stimulus event that disturbs the equilibrium and exceeds a person’s ability to cope.   NATURE OF STRESS   Stress is not a factor that resides in the individual or the environment, instead it is embedded … Read more Stress

Personality

? BEHAVIOR- PERSONALITY THEORIES       What is Personality :-   It is a stable set of internal characteristics and tendencies that determines the psychological behavior of people. It is particular pattern of behaviour and thinking that prevail across time and contexts and differentiates one person from other.   In simple  terms “Personality … Read more Personality

INTERNAL CONTROL

? INTERNAL CONTROL     An internal control is a procedure or policy put in place by management to safeguard assets, promote accountability, increase efficiency, and stop fraudulent behaviour. In other words, an internal control is a process put in place to prevent employees from stealing assets or committing fraud.   An internal control is … Read more INTERNAL CONTROL

FUNCTIONS OF MANAGEMENT COORDINATION & CONTROL

? FUNCTIONS OF MANAGEMENT : COORDINATION AND CONTROL     COORDINATION    “The Harmonization of activities of different work groups and departments.”   Coordination is the orderly arrangement of individual and group efforts to provide unity of action in the pursuit of a common goal. All these departments must function in an integrated manner … Read more FUNCTIONS OF MANAGEMENT COORDINATION & CONTROL

Social Accounting

? SOCIAL ACCOUNTING   Social accounting can be defined as a set of organisational activities that deals with the measurement and analysis of the social performance of organisations and the reporting of results to concerned groups, both within and outside the organisation.   Social accounting, also known as national income accounting, is a method … Read more Social Accounting

POSD CORB

? POSD CORB POSDCORB is an acronym which means Planning, Organizing, Staffing, Directing, Coordinating, Reporting and Budgeting which was first coined in a paper on administrative management that was written for the Brownlow Committee by Luther Gulick and Lyndall Urwick. POSDCORB can be used as a systematic framework for efficiently executing business processes in … Read more POSD CORB

Cognition

?       BEHAVIOUR   INTELLIGENCE (Cognitive; Emotional; Social; Cultural; Multiple)     Cognitive Intelligence   Cognition: Mentally processing information (images, concepts, etc.); thinking Intelligence: It is the ability to process data into more efficient systems by acquiring learned substantive mental methods which develops into cognitive ability.   Cognitive intelligence is the ability … Read more Cognition

Motives

? BEHAVIOR : LEARNING AND MOTIVATION     Classification and types of motives, Theories of work motivation, Assessment of motivation     A need or motive directs us to act or behave in a particular way towards a certain goal or in other terms “It indicates the inner state of mind that energizes, activates … Read more Motives

SOCIAL AUDIT

? SOCIAL AUDIT     “Social auditing is defined as a systematic attempt to identify, analyse, measure (if possible), evaluate, and monitor the effect of an organisation’s operations on society (that is, specific social groups) and on the public well-being.”   Social audit as a term was used as far back as the 1950s. … Read more SOCIAL AUDIT

PDCA Cycle

? PDCA Cycle Plan, Do, Check, Act (PDCA)  is a well-known and respected approach to helping teams plan and implement a solution to a problem, often testing it on a micro scale and reviewing the results before agreeing how to proceed. PDCA encourages an engaged, problem-solving workforce – the method is not limited to … Read more PDCA Cycle

Working Capital

? WORKING CAPITAL                                             Meaning of Working Capital Every business needs funds for two purposes for its establishment and to carry out its day-to-day operations. Capital required for a business can be classified under two main categories viz. (i)        Fixed capital (ii)      Working capital. Long-term funds are required to create production facilities through … Read more Working Capital

Functions Of Management.Organizing (1)

? FUNCTIONS OF MANAGEMENT – ORGANIZING   Organizing is the process of identification and grouping of activities, assigning duties and delegating authority to the managers, allocating necessary resources and establishing coordination among individuals and department of an organization with a view to attain its objectives.   PROCESS OF ORGANIZING :   The process of … Read more Functions Of Management.Organizing (1)

MGMT PLANNING

? FUNCTIONS OF MANAGEMENT   PLANNING Planning is a process of determination of organization’s objectives and selecting the courses of actions. i.e. Plans for attaining them. Planning is the primary or basic management function.   Planning Process                                 Types/Dimensions … Read more MGMT PLANNING

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