Management > Financial Management > Introduction The planning, directing, monitoring, organizing, and controlling of the monetary resources of an organization is called financial management. It is the art and science of managing money It is concerned with procurement and effective utilization of funds for the benefit of its shareholders. It utilizes all those managerial activities […]
What is Manpower Planning? Manpower: Total supply of personnel available or engaged for a specific job or task in an organization is called manpower. Planning: It is a managerial activity which involves deciding in advance, what is to be done, when is it to be done, how it is to be done and who is going to do […]
A set of values, assumptions and beliefs constitutes an integral part of organization development, shaping the goals and methods of the field and distinguishing Organisational Development from other improvement strategies. Belief: A belief is a proposition about how the world works that the individual accepts as true; it is a cognitive fact (connected with thinking or conscious mental […]
Organisational Development has evolved over the past 60 years from the applications of behavioural science knowledge and techniques to solving organisational problems. It started in the 1940s at MIT and is developed by an applied social scientist such as Kurt Lewin. It is influenced by Carl Rogers & Abraham Maslow. During the period around World War II, Lewin […]
Organization: An organization is a set up which brings together individuals from different backgrounds, of varied interests and specializations on a common platform for them to work as a single unit and achieve certain predefined goals. Katz, Kahn and Hanna see an organization as a system. An organization is an open system (in science open […]