Everything you need to know about the approaches to industrial relations. Industrial relations refer to the collective relationship between management, employees and government in any organization. It deals with the people at work. Approaches to Industrial Relations is a comprehensive field of study, subtle as well as gross, a vast area of interactions, actions and reactions which affect not just [...]
In this article we will discuss about the quantitative way of decision-making. Introduction: The administration of a modern business enterprise has become an enormously complex exercise. There has been an increasing tendency to turn to quantitative techniques and models as a potential means for solving many of the problems that arise in such an enterprise. Management in action is decision-making. [...]
In this article we will discuss about the traditional and modern techniques of control used in an organisation. Traditional Techniques of Controlling: I. Budgeting (or Budgetary Control System): A budget is both - a method of planning and an instrument (or device) for controlling. It is a plan in so far as the numerical expression of the standards of performance [...]