After reading this article you will learn about:- 1. Concept of Quality Circles (QC) 2. Objectives of Quality Circles 3. Merits 4. Factors. Concept of Quality Circles (QC): The concept of quality control originated in the U.S. and was taken to Japan by W. Edwards Deming who marked the beginning of revolution in quality control. As quality control awareness increased [...]
This article throws light upon the top six modern methods of control exercised in an organisation. The modern methods are: 1. Management Information System (MIS) 2. Management Audit 3. Responsibility Accounting 4. Network Techniques - PERT and CPM 5. Balanced Score Card 6. Ratio Analysis 7. Economic Value Added (EVA) 8. Market Value Added (MVA). Modern Method # 1. Management [...]
This article throws light upon the five main steps involved in the planning process in an organisation. The steps are: 1. Environment Analysis 2. Determination of Mission and Objectives 3. 'Developing Strategies' 4. Developing Programmes or Action Plans 5. Control Mechanism. Planning Process: Step # 1. Environment Analysis: The external environment covers uncontrollable and unpredictable factors such as technology, market [...]