For the productivity and greater performance of the organization efficient management of employees and other resources is essential. MBO works as a strategic tool to align employees’ and management efforts and goals in the same direction. Management By Objectives (MBO) is similar to participative management but it is more than that. Let’s discuss what the…
In our personal life, when we have too much work to do we transfer some of our responsibility to others say, brothers or sisters. While transferring the responsibility we also give the required right to make decisions so that the brother can make necessary decisions on his end to do the task efficiently. This is…
There was a time where CDs, VCRs, and Typewriters were the most popular. But today in the 21st century they have become outdated. This is one of the best examples of a product life cycle (PLC). So, what is the product life cycle (PLC), what are its stages, and why it is important, let’s find…
Qualities of a Good Manager What makes a manager good? Being a manager means accepting the responsibilities and authority to execute the given tasks. Every manager needs to have the necessary skills and qualities to achieve organizational interests effectively. Good managers have the potential to change the future of the organization for the better. The…
Suppose you made a product you thought people would like and distributed it to the market. But you did not get the expected sales or expected results. After some time you realize that you have successfully wasted your money, efforts, and time. This is what happens when you launch a new product or expand your…
Every organization’s success or failure is directly proportionate to how its activities are managed. How organizational activities are directed toward the achievement of organizational goals determines whether or not the goals will be achieved. The process of outlining how the activities should work is considered an organizational structure. Let’s understand it in detail. What is…
Tips To Manage Team Being a manager your task is not only to form teams you have to direct them toward the achievement of desired organizational goals. To manage a team effectively you should be able to direct teams in the right direction. The following are the notable strategies you can use for effective team…
Suppose your goal is to get +90% marks in your coming examination. Your goal is set, Now what you need to do is to decide how to (read) prepare, what to read, whether to take tuition or not, self-read or ask for help from seniors, etc. All you have to do is to be prepared…
What is Classical Management Theory? Classical management theory is the theory that is considered to increase the efficiency and productivity of an organization through autocracy, division of labor, clear hierarchal structure, and incentives. It holds the belief that workers only have physical and economic needs and incentive is the key to motivating them to work…