This article throws light upon the two main aspects of manager’s role in an organisation. The aspects are: 1. Accountability 2. Effectiveness and Efficiency. Aspect # 1. Accountability: The difference between managers and other people in the organisation is that only managers are held responsible, or accountable, not only for their own work but also for the work of others. [...]
This article throws light upon the five main factors influencing manager’s environment. The factors are: 1. Competition and the Global Economy 2. Ethics and Social Responsibility 3. Information and Technological Change 4. Employment Values and Individual Rights 5. Importance of Non-Profit Sector. Factor # 1. Competition and the Global Economy: Quite recently, Japanese management consultant Keniche Ohmae suggests that the [...]
This article throws light upon the top two techniques for monitoring managerial performance. The techniques are: 1. Management Audits 2. Human Resource Accounting. Technique # 1. Management Audits: Just as financial audits are checks of an organisation's financial and accounting procedures, a management audit is a check of an organisation's management procedures. To be more specific, a management audit is [...]