PDCA Cycle

 PDCA Cycle Plan, Do, Check, Act (PDCA)  is a well-known and respected approach to helping teams plan and implement a solution to a problem, often testing it on a micro scale and reviewing the results before agreeing how to proceed. PDCA encourages an engaged, problem-solving workforce – the method is not limited to … Read more PDCA Cycle

Social Accounting

 SOCIAL ACCOUNTING   Social accounting can be defined as a set of organisational activities that deals with the measurement and analysis of the social performance of organisations and the reporting of results to concerned groups, both within and outside the organisation.   Social accounting, also known as national income accounting, is a method … Read more Social Accounting

FUNCTIONS OF MANAGEMENT STAFFING

 FUNCTIONS OF MANAGEMENT – STAFFING     Staffing refers to the managerial function of employing and developing human resources for carrying out the various managerial and non-managerial activities in an organisation. This involves determining the manpower requirement, and the methods of recruiting, selecting, training and developing the people for various positions created in … Read more FUNCTIONS OF MANAGEMENT STAFFING

Cognition

       BEHAVIOUR   INTELLIGENCE (Cognitive; Emotional; Social; Cultural; Multiple)     Cognitive Intelligence   Cognition: Mentally processing information (images, concepts, etc.); thinking Intelligence: It is the ability to process data into more efficient systems by acquiring learned substantive mental methods which develops into cognitive ability.   Cognitive intelligence is the ability … Read more Cognition

Motives

 BEHAVIOR : LEARNING AND MOTIVATION     Classification and types of motives, Theories of work motivation, Assessment of motivation     A need or motive directs us to act or behave in a particular way towards a certain goal or in other terms “It indicates the inner state of mind that energizes, activates … Read more Motives

INTERNAL CONTROL

 INTERNAL CONTROL     An internal control is a procedure or policy put in place by management to safeguard assets, promote accountability, increase efficiency, and stop fraudulent behaviour. In other words, an internal control is a process put in place to prevent employees from stealing assets or committing fraud.   An internal control is … Read more INTERNAL CONTROL

FUNCTIONS OF MANAGEMENT Direction

 FUNCTIONS OF MANAGEMENT- DIRECTION (Communication,Supervision,Motivation,Leadership)       Directing is concerned with instructing, guiding, supervising and inspiring people in the organisation to achieve its objectives. It is the process of telling people what to do and seeing that they do it in the best possible manner.   Elements in Directing: The four essential … Read more FUNCTIONS OF MANAGEMENT Direction

Working Capital

 WORKING CAPITAL                                             Meaning of Working Capital Every business needs funds for two purposes for its establishment and to carry out its day-to-day operations. Capital required for a business can be classified under two main categories viz. (i)        Fixed capital (ii)      Working capital. Long-term funds are required to create production facilities through … Read more Working Capital