SECTION 02 - NOTION New Concepts & Learning Experiences 1. The Influence of Structural Factors in Managerial Work Hales (2002) criticized the literature about post-bureaucratic organizing for underestimating the fact that managers are unwilling to dispose traditional supervision in favor of control based on trust and dialogue. This reluctance is, according to Hales, due to the fact that individual managers are held responsible for what subordinates are doing and that they therefore want to reduce
in the form of work force, manufactured capital that comes in the form of fixed assets and finance capital that comes in the form of funds. Despite every capital being important and valuable, human resource plays a vital role in any organization. As Boxall (2011) states, operational mistakes can be deadly for organizations and since many of the operational mistakes are happened by humans, it is necessary
Introduction In his work on the stakeholder theory of the modern corporation, R. Edward Freeman argues that the theory of shareholder value maximization has become inherently irrelevant, given the legal advancements in the contemporary economy. He proposes an alternative view of the modern corporation by extending the range of groups having a moral claim on the organization (Freeman, 2001). The following sections discuss the particulars of the stakeholder theory. 1. Issue Under Discussion The major
inaccurate information from the traditional valuation method investor could value the customers as intangible assets to more precisely estimate the value of the firm. Customer metrics in this work are the new customers, customer service costs and customer acquisition cost. The authors highlight the importance of the customer acquisition costs in increasing firm’s customer base. This implies that sometimes higher current spending can be a good sign for medium and long-term
has different meanings and definition given by Different Writers. Henri Fayol and Fredrick Winslow Taylor Explains about management principles, how to run management smoothly By Adopting their Rules and policies procedures in managerial Work “Management Is Art of Getting Work Done through Others” This statement is given by management experts
Perspective, Physical and Social Surroundings. • Findings It signifies the importance of being of first buyer among first in the lady’s perception and the socio-ethnic groups all together takes its advantage, • Managerial implications Bulk’s sale is highly implacable in the promotions of multiple sales at a single place in the end matters on the duration.
available to reach the set objectives. These members are often the managers of the organization defined as: People who work with and through people by planning, leading, organizing and controlling their work activities in order to achieve organizational goals. In addition to the broad categories of management functions, managers in different levels of the hierarchy fill different managerial roles divided into three categories: decisional, interpersonal, and informational as shown in the diagram below.
opportunity to the poor countries to grow and develop economically. On the other hand, opponents claim that free market has benefitted multinational corporations at expense of the local people, culture and enterprises. The management concepts create a significant
hotel. This is different from any primary data that maybe requested. Naturally, a stakeholder, especially a manager, would withhold information that would affect the hotel in a negative manner (Devashish, 2011). The reason is that every stakeholder works in the best interest of a company. Besides, a manager will always be willing to protect the reputation of a
A Study of Relationship between Satisfaction with Compensation and Work Motivation Abstract The present study while smearing the theoretical outline based on expectancy theory studied the relationship between satisfaction with compensation and work motivation. The dimensions i.e. fixed pay, flexible pay, and benefits were studied with regard to satisfaction with compensation. The work motivation on the other hand was studied using the effort and performance dimensions. Literature research as