Archive about 'Management,Marketing,Law & Taxation'

Mc Clelland’s Needs Theory Of Motivation

David Mc Clelland Of Harvard University and his co-workers have done researches pertaining to the motivational needs of people in multi-culture and many section of the society.

Mc Clelland’s  Needs Theory Of Motivation
Based on his researches, he advocated the need to group human motivation or needs into the following three categories:
1.       The needs for POWER (n/PWR) [...]

Monistic Or Economic Theory of Motivation

Monistic theory of motivation is based upon the notion that man is essentially economic. This theory solely hinges on monetary aspect of remuneration or reward to human behavior. Individuals are assumed to be highly responsive to money reward. People feel motivated when rewarded with more money. People repeat their behavior if it leads to reward.

Monistic [...]

Henry Fayol & His Principles Of Management Theory(Part2of2)

In Part 1, we saw how Henry Fayol classifies operations of a business organization. In this article, he advocated the fourteen principles of management:

Henry Fayol’s 14 Principles Of Management Theory

Division of work:-the more staff socialized, the more efficient they can perform their work
Authority and Responsibility:-Authority [...]

Henry Fayol And Management Theory(Part1of2)

Henry Fayol is described as the father of modern management theory. He emphasized that management skills are universal. In fact, a number of current ideas and practises in management can be directly attributed to him.
Henry Fayol is the managing director of a large French coal mining firm where he developed a blueprint of a [...]

Benefits From Decentralization

Some major benefits from decentralization are as follows:

BENEFITS FROM DECENTRALIZATION

Improves morale and motivation as managers at lower level are able to see by themselves the results of their own decision making and actions
The company can benefits from [...]

Centralization Versus Decentralization

Append below some pointers on Centralization and Decentralization:
 

Centralization

The holding of formal authority and decision making at the higher echelons of management hierarchy.

Decentralization

When a larger part of authority is delegated down the level of management &

Decision making is near the source of information

 

Salient Points
(1.0) Two important tests whether an organization has its authority centralized or [...]

Performance Appraisal by Using Appraisal by Results or Management By Objectives / Targeted Performance Management

Modern Performance Appraisal deploys a methodology called Performance Appraisal by Results which is simply the appraisal of individual staff performance on a continuing systematic basis in relation to mutually agreed objectives, set at the beginning of the year.
This type of appraisal is based on the Management by Objectives where managerial performance [...]

Benefits Or Advantages Of Performance Appraisal

Some of the major benefits derive from doing proper Performance Appraisal are as follows:-

As Performance appraisal is an objective, systematic and periodical evaluation of staff performance, it therefore enhance the reliability of the company’ staff selection/ assessment [...]

What Is Performance Appraisal?

This article defined what is Performance Appraisal.
Performance Appraisal is:-

Evaluation of staff’s performance in relation to present and future jobs in a systematic and objective manner. This evaluation is normally done periodically like quarterly, half [...]

Steps Or Procedures Involve In Manpower Planning

The following are some of the major steps embarked by bigger concerns when coming to Manpower Planning:-

Review the manpower requirements either basing on existing company’s plans or on basis of projection of trends in the economic environment and development in the industry, henceforth, conduct a forecasting of future manpower both in term of quantity(number of [...]