Archive about 'Management,Marketing,Law & Taxation'

Difference/Distinctions/Distinguish Between Line, Functional And Line And Staff Organizations

Tabulated below comparison between Line, Functional And Line And Staff Organization: 

For Line organization

Line managers are generalists.

The line of authority is vertical as it follows the principle of scalar chain

There is strict discipline

It is not based upon planned specialization

There is unity of command

It is suitable for small scale operations

It is quite economical

For Line and staff [...]

Bernard Elton Mayo On Formal And Informal Organization

Earlier article on informal organization and its features.
Below article look at the famous management expert, Bernard Elton Mayo pertaining to his views on formal and informal organization:
 

View Of Management Expert, Bernard Elton Mayo on

Formal Organization:
 

Referred to an organization as formal when the activities of two or more individuals are consciously coordinated towards the accomplishment of [...]

Informal Organization And Its Features

There are many interpretation of the term organization. Some regard it as the human relationship in group activity equivalent to social structure. Chris Argyris refers to this as the notion that an organization includes all the behaviour of the participant, others use organization in the sense of an enterprise, organized to accomplish certain objectives.
In [...]

Listing Of Topics Under Heading Motivation

Append below a listing of topics covered under the heading Motivation

Topics On Motivation

1.0

The Importance Of Motivation and The Different Type Of Motivational Theory

2.0

Mcgregor-Theory X and Theory Y

3.0

Herberg’s Theory Of Motivation

4.0

Maslows-Motivation Theory Of Hierarchy Of Needs

5.0

Monistic Or Economic Theory of Motivation

6.0

McClelland Needs Theory Of Motivation

 

Michael E Porter’s Diamond Theory On International Trade

Earlier article refer to the theories of International trade.
Append below in salient points Porter’s Diamond Theory

Michael E Porter’s Diamond Theory:
Advocates the following:

A nation could create new advanced factor endowments like skilled labor, strong technology and knowledge base, government support and culture.

He used a diamond shaped diagram as the basis of framework to illustrate the determinants [...]

The Advantages And Disadvantages Of Economic Integration

Append below in salient points the advantages and disadvantages of economic integration:

Advantages Of Economic Integration

Trade Creation: Member countries have (a) wider selection of goods and services not previously available; (b) acquire goods and services at a lower cost after trade barriers due to lowered tariffs or removal of tariffs (c) encourage more trade between member [...]

The Meaning And Level of Economic Integration

Append below in salient points the meaning and level of economic integration:

Meaning of Economic Integration:

A process whereby countries cooperate with one another to reduce or eliminate barriers to the international flow of products, people or capital

Takes place either on region or commodity

Levels Of Regional Economic Integration:
Five levels of regional integrations:
1. Preferential Trade Agreement
2.Free Trade Area
3. [...]

Theories Of International Trade

International trade can be defined as the exchange of goods and services across international boundaries.

The theories of International trade can be classified into two main categories:

Country-based Theories

View trade in a macro perspective from the point of view of a country or nation and focus on trading phenomenon, particularly exports and imports
Are international trade theories that [...]

Globalization-The Different Type Of Global Economic Systems

Globalization-Global Economic Systems

For a firm to go global, it is imperative to study and understand the geography, economic development, market characteristics culture, and politics of the countries in which it wants to expand.

To understand global economics, we need to know that the economic systems in the world can be classified into three main [...]

Globalization-Purposes, Various Forms

Earlier article describe what’s International Business, its purposes and challenges, below article looks at globalization:

Globalization:

The International Monetary Fund(IMF) defined globalization as a growing economic interdependence of countries worldwide through the increasing volume and variety of [...]