Archive | Management

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 Functional Areas of Management

This article throws light upon the top four functional areas of management. The functional areas are: 1. Production Management 2. Financial Management 3. Personnel/Human Resource Management 4. Marketing Management. Functional Area # 1. Production Management: The term ‘production’ was closely associated with manufacturing physical goods and, therefore, production management was also known as manufacturing management. […]

Notes on Management in an Organisation

Here is a compilation of notes on management. After reading these notes you will learn about:- 1. Meaning of Management 2. Features of Management 3. Objectives 4. Nature 5. Importance 6. Functions 7. Tasks 8. Aspects 9. Levels. Contents: Notes on the Meaning of Management Notes on the Features of Management Notes on the Objectives […]

Notes on Techniques of Scientific Management by Taylor

This article throws light upon the top nine techniques of scientific management introduced by Taylor in order to improve work efficiency and organisational productivity. Some of the techniques are: 1. Separation of Planning and Doing 2. Functional Foremanship 3. Job Analysis 4. Standardisation of Work 5. Financial Incentives 6. Differential Rate System 7. Scientific Selection […]

Notes on Principles of Scientific Management Theory

This article throws light upon the top five principles of scientific management theory suggested by Taylor. The principles are: 1. Rule of Thumb should be Replaced with Science 2. There should be Harmony, not Discord in Group Action 3. Cooperation, not Individualism 4. Maximum Output, not Restricted Output5. Development of Workers to their Fullest Capacity. […]

Notes on McKinsey 7S Framework

This article throws light upon the 7S model developed by McKinsey for understanding the framework of management. The seven S are: 1. Strategy 2. Structure 3. Systems 4. Style 5. Staff 6. Skills 7. Shared Values. 1. Strategy: Strategy making is an important variable that affects managerial excellence. Strategy means determination of objectives and allocation […]