Core Management Skills. Every manager has important skills that helps to managers for taking every action or make a decision. As a managers you have to skilled person for operate your organization. We mentioned below some important skills for a managerial position. Studies of Management Skills: Robert Burnaska conducted a number of studies at General […]
Decision Making Process. Managers at all levels and in all areas of organizations make decisions. That is, they make choices. Making decisions isn’t something that just managers do; all organizational members make decisions that affect their jobs and the organization they work for. Although decision making is typically described as choosing among alternatives, that view […]
Meaning of Career Career is a continuous process. By career, a person gets satisfaction, stability, and discipline in his/her life. There are two ways of viewing a career. One view is, Douglus T.Hall stated that, “the career is the individually perceived sequence of attitudes and behaviors associated with work related experiences and activities over the […]
Functions of Management According to the functions approach, managers perform certain activities or functions as they efficiently and effectively coordinate the work of others. What are these functions? Henry Fayol, a French business man, first proposed in the early part of the twentieth century that all managers perform five functions: planning, organizing, commanding, coordinating, and […]
Career choices: Choose a job you love and you will never have to work a day in your life. Trying to choose a career can appear to be an overwhelming task. The number of career option is staggering. Yet deciding on a career may be the most important decision in your life. Your career […]
Entrepreneurship is, and continues to be, important to every industry sector in most advances countries. Its importance can be shown in three areas; innovation, number of new start ups, and job creation. Innovation: Innovating is a process of changing, experimenting, transforming, revolutionizing, and a key aspect of entrepreneurial activity. The “creative destruction” process that characterizes […]
Entrepreneur a person who takes the risks necessary to organize, manages a business, and receives the financial profits and nonmonetary rewards. An entrepreneurial person employed by a corporation and encouraged to be innovative and creative. The entrepreneur, according to French economist J.B. Say, is a person who shifts economic resources out of an area of […]
Securities Included: Mortgage: Definition: When a specific immovable property is made the security for the payment of money or the performance of an obligation, the transaction is called is Mortgage. Section 58(a) of the transfer of Property Act defines mortgage as, “transfer of an interest in specific immovable property for the purpose of securing the […]
Definition: A manager is someone who coordinates and oversees the work of other people so that organizational goals can be accomplished. A manager’s job is not about personal achievement- it’s about helping others do their work. That may mean coordinating the work of a departmental group, or it might mean supervising a single person. It […]