Archive | Notes

Public Utilities: Meaning, Characteristics and Problems | Business Management

After reading this article you will learn about:- 1. Meaning of Public Utilities 2. Characteristics of Public Utilities 3. Problem of Ownership and Control 4. Organisation of Undertakings. Meaning of Public Utilities: Public utilities are those business undertakings which are engaged in the supply of some such services which are absolutely necessary for the community. […]

Authority: Concept, Characteristics and Kinds | Organisation

After reading this article you will learn about:- 1. Concept of Authority 2. Characteristics of Authority 3. Kinds. Concept of Authority: Authority means right (to command) and power to act. Authority empowers the superior to make a subordinate to do the work. Everybody in the organisation, from top to bottom, possesses some authority to secure […]

Organisational Change: Meaning, Causes and Its Process

After reading this article you will learn about:- 1. Meaning of Organisational Change 2. Causes of Organisational Change 3. Response 4. Process 5. Resistance. Meaning of Organisational Change: Organisational change refers to any alteration that occurs in total work environment. Organisational change is an important characteristic of most organisations. An organisation must develop adaptability to […]

What are the Methods for Managing Conflict ?

This article throws light upon the top three methods adopted for managing conflict in an organisation. The methods are: 1. Collective Bargaining 2. Conciliation and Mediation 3. Arbitration. Method # 1. Collective Bargaining: It is the process of direct negotiation on a collective or group basis between the representatives of employers and their employees for […]

Conflicts: Meaning, Causes and Results | Industries

After reading this article you will learn about:- 1. Meaning of Conflicts 2. Sources of Conflict 3. Stages 4. Causes 5. Views 6. Impact 7. Results 8. Resolution. Meaning of Conflicts: Disputes between individuals and between groups are characteristic of human behaviour. Conflict (dispute) is a type of behaviour which occurs when two or more […]

Notes on Reserve Bank of India Act

Subject Matter of the RBI Act: The process of deciding main features of the Reserve Bank of India Act was not only difficult but was long drawn. Notwithstanding the years of controversy that had raged around the constitutional set-up of a central bank for India, and the fact that the country had twice had an […]

Notes on Insurance: Meaning, Need and Functions

After reading this article you will learn about:- 1. Meaning of Insurance 2. Definition of Insurance 3. Nature 4. Basic Types 5. Need 6. Characteristics 7. Working 8. Functions. Meaning of Insurance: If one goes by the word meaning insurance is a contract between two parties whereby the insurer agrees to indemnify the insured upon […]

Notes on the Evolution of Insurance Industry

After reading this article you will learn about the evolution of insurance industry. The insurance industry as we see it today is modern and advance stage which has been attained in a phased manner over a long period. Insurance is basically a financial service as such it grew up like a financial sector on the […]

Notes on the Life Insurance Corporation of India (LIC)

This article provides notes on the Life Insurance Corporation of India (LIC). In India also the concept of insurance remained since the ancient civilizations. Look at the Logo of the Life Insurance Corporation some words in devnagri script (Yagkshema) are written in the logo of LIC. These have been taken from Rig Veda meaning protection […]

Notes on Classification of Insurance: 2 Types

This article throws light upon the two types of insurance. The types are: 1. Life Insurance 2. General Insurance. Type # 1. Life Insurance: There is a life insurance council that decides entire norms relating to life insurance in India; In fact life insurance plays different type of roles. As conceived by the Life Insurance […]