After reading this article you will learn about the decisions taken under certainty and uncertainty. Decision under Certainty: The decisions may be taken when the problems are under certainty i.e., where a complete knowledge about the nature of future conditions is known. Let us take a simple example. It is not uncommon for constructing firms to set up service facilities [...]
After reading this article you will learn about:- 1. Meaning of Personnel Management 2. Functions and Objectives of Personnel Management 3. Principles. Meaning of Personnel Management: Personnel Management (staffing function of Management), also known as Human Resource Management. Personnel management is concerned with the proper use of human factors. Personnel management may be defined as that part of the management [...]
After reading this article you will learn about:- 1. Meaning of Morale 2. Factors Affecting Morale 3. Forms 4. Measures. Meaning of Morale: Morale is a mental condition and attitude of employees, either individually or in a group which determines their willingness to cooperate. Morale can also be defined as the extent to which an individual's needs are satisfied and [...]