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 two main reasons for resistance to change. The reasons are: 1. Individual Resistance to Change 2. Organisational Resistance to Change. Reason # 1. Individual Resistance to Change: Individuals prefer to maintain status quo rather than accept new ways of doing things. They resist change because of the following reasons: (a) Insecurity: There is a [...]
This article throws light upon the seven main steps taken by managers in the management of change in an organisation. The steps are: 1. Perceive a Situation for Change 2. Analyse the Existing Situation 3. Prepare a Plan for Change 4. Try the Plan 5. Overcome Resistance to Change 6. Implement the Change 7. Monitor or Review the Change. Step [...]