Ways to reduce Labour Turnover A company can reduce labour turnover in the following six ways. Adequate Statistical Control Scientific System of Recruitment, Selection, Placement and Follow Up
What is Production Planning & Control (PPC)? Production planning and control is a predetermined process which includes the use of human resource, raw materials, machines etc. PPC is
Selection of form of Business Organization The crucial decision to be taken at the time of establishment of a business undertaking is the selection of the form of
Definition of Salesmanship Salesmanship has been defined in different ways by different writers. In the words of Peterson and Wright, Salesmanship is the process whereby the seller ascertains
Weaknesses and Shortcomings of M.B.O There are several weaknesses of the system, such as: 1. The effectiveness of M.B.O system depends on top management support, for objectives and
Nature of Directing Following are the features of directing which bring out the nature of directing. 1. Functions of management Directing is an important managerial function that initiates
Factors in Departmentation Each pattern of departmentation has its own merits and demerits. Besides, each one is suitable under specified circumstances and become unsuitable for other occasions. Hence,
Manpower planning plays а vital role in the achievement of the common goals of the enterprise. Every enterprise has to estimate their manpower requirements in order to carry
What is Management Audit? Management audit is a systematic evaluation of the functioning performance and effectiveness of management of an organization. It a thorough-going, critical and constructive review
Importance of Communication for Management Communication is essential for management for the following reasons: 1. It is a prerequisite to work communication. Management cannot communicate to workers unless