Category: Management Essentials
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Mechanistic Vs. Organic Organizational Structure: 10 Key Differences
Mechanistic Vs Organic Structure Mechanistic and organic organizational structures are the two most common organizational structures. Mechanistic structure refers to traditional types of organizations. Whereas, the organic structure refers to modern types of organizations. Both the organic and mechanistic structures have been practiced in management practice. Both differ from each other and both have their…
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What is a Core Product? Definition, Importance, & 5 Examples
The product we buy is an actual product as well as an augmented product but these products are made up of a core product. Whenever a consumer buys a product he buys an either actual or augmented product. So, where does the core product stay? Let’s find out what it is, why it is important,…
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Line Vs Functional Organizational Structure: 8 Key Differences
Line Vs Functional Organizational Structure Line and functional organizational structures are two types of organizational structures used in management practice. The line structure is one that has a clear line of authority that flows from top to bottom. And, the functional organizational structure is one that creates different departments depending upon the nature and type…
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Social Responsibility in Business – Definition, Types, Areas, Examples, and Pros/Cons
Do you think companies have to contribute to society, think, and act upon the welfare of society? Or, their goal should be just achieving profit maximization? Let’s find out what the social responsibility of business has to say about this. What is Social Responsibility? Social responsibility means that businesses in the course of achieving organizational…
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Organizational Behavior (OB) – Definition, Features, Importance, Levels, Challenges/Opportunities, & FAQs
Definition of Organizational Behavior (OB) Organizational Behavior is the science of understanding and optimizing how individuals and groups interact within a workplace. It explores attitudes, communication, leadership, and culture to enhance collaboration and performance. By decoding human dynamics, OB empowers organizations to foster innovation, build cohesive teams, and create environments where both people and businesses…
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What is MBO? Definition, Objective, Process, Success Factors, and Pros/Cons
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…
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Authority Delegation – Definition, Features, Steps, Importance, Barriers, and Ways To Overcome
In our personal lives, 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…
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What Makes Great Managers? 16 Qualities of a Good Manager
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…
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PESTLE (+G) Analysis – Definition, Components, Importance, Examples, & Pros/Cons
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…