Milton J. Blum suggests four methods to increase employees morale such as Expert method, Industrial spy approach method, Industrial counselor method and Employees problem approach methods. An organization
What is Demotion? Demotion means transfer to a post resulting in lower status, reduced responsibility and lower pay. Demotion is completely opposite to promotion. In an organization, Demotion
Meaning of Transfer The term transfer means shifting of an employee from one job to another without special reference to change in responsibilities or remuneration. It involves shifting
Public and rights issues play a significant role in raising capital for companies, enabling them to fund expansion plans, invest in new projects, or meet financial obligations. In
Introduction to Departmentation The process of organization consists of Dividing different duties and Assigning responsibilities to different people. Dividing and grouping of activities is of paramount importance to
Originally, the principle of Scientific Management was applied in the engineering industries. But now its scope is enlarged to cover all other aspects of the industrial management. It
Origin of Scientific Management Although the origin of the Scientific Management movement is traced to Charles Babbage (1832), the person who popularized the movement and made it acceptable
Organizing is now regarded as one of the essential functions of management. It, however, is not a phenomenon of the modern days. It existed in some form or
In the light of various principles of organization, the management should proceed to organize. Various Steps involved in process of organization Organizing consist of various steps. They are
The authorities on management science consider organization as the practical side of business administration. Organization refers to the way in which the component parts of an enterprise are