Category Archives: Management

Bureaucracy Theory

By | April 12, 2020

It can be defined as the organisational structure with highly routine operating tasks performed under formalised rules and regulations with tasks assigned to various departments. It gives foundation to formal organisation. Max Weber evolved bureaucratic theory in his work, “The Theory of Social and Economic Organisation.” Elements of Bureaucracy: Hierarchy: There are managerial levels where each subordinate is… Read More »

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Concept of Corporate Social Responsibility (CSR)

By | April 11, 2020

Corporate Social Responsibility (CSR) is philanthropy and set of activities that corporates exercise in order to perform their moral duties. It is humanitarian, community work or social work done by the enterprises. It is the relationship between business and the people or societies with which they work together. It is enduring commitment of the firm to act responsibly… Read More »

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Errors and Common Biases in Decision-making

By | April 8, 2020

Availability bias: Under this bias, the decision-maker makes his decision and judgements on the basis of information, data and facts that are freely and easily available. If any piece of information is easily available, then it can be remembered easily which helps in decision-making. Overconfidence bias: This bias arises when the decision-maker is given factual data and is… Read More »

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Decision Making Process

By | April 7, 2020

Decision-making process was designed by Herbert Simon. The model comprises three distinct elements which are as follows: Intelligence: This refers to the raw data which is gathered and probed. This data helps in identifying the problem which requires decision making. It helps in knowing the problem is about. Design: This element focuses on developing, designing, inventing and examining… Read More »

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Types of Decisions by Managers

By | April 6, 2020

Routine Decisions: These are the day to day decisions taken by lower level and middle-level managers. They are taken after analysing the already laid procedures, rules and policies. The middle-level managers use the standard policies set by the top-level management as a benchmark to derive at a certain choice. They are also known as tactical decisions. They can… Read More »

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Management Roles

By | April 5, 2020

Mintzberg has propounded various roles that a manager has to fulfil. These roles were published in his book ‘Mintzberg on Management: Inside our strange world of organisations‘ in the year 1990. The roles are enlisted below: Interpersonal Role: Interpersonal roles are those roles that deals with human, such as making networks i.e. liasons, motivating people i.e leadership and… Read More »

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Management Skills

By | April 3, 2020

There are various abilities and traits which an ideal manager must possess so as to accomplish the tasks of the company. Prof. Robert Katz has bifurcated managerial skills into three sub-parts. They are as follows: Conceptual Skills: These skills induce the person to have a vision about the organization as a whole. Conceptual skills are an amalgamation of… Read More »

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Effectiveness and Efficiency in Organization

By | March 26, 2018

If the organization is to succeed, it needs to be effective: physical products or software must do what users expect them to and have the other attributes, such as price, appearance or reliability, that consumers desire. Services, similarly, must be available when needed and meet customers requirement regarding speed, courtesy or other factors. Many organizations also strive to… Read More »

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Fayol’s 14 Principles of Management

By | February 13, 2018

Henri Fayol was a French management theorist whose theories in management and organization of labor were widely influential in the beginning of the 20th century. The 14 management principles from Henri Fayol are: Division of Labour: The most people specialize the more effectively they can perform their work. This principle is epitomized by the modern assembly line. Authority: Managers… Read More »

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Organization Structure: Roles and Importance

By | February 13, 2018

Organization structure is a framework that managers devise for dividing and coordinating the activities of members of an organization. Because strategies and environmental circumstances differ from one organization to next. There are varieties of possible organization structures. Organisation structure can be viewed as established pattern of relationships among the components of the organization. In large and complex organizations.… Read More »

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