what is management process? Short note

-

Management process

Management is a process which brings the scarce Human and natural resources together. It motivates people for the achievement of Organizational objectives. It is a series of interrelated activities. It is concerned with conversion of input into output. 

Comments

Post a Comment

Popular posts from this blog

What is compensation? Definitions, features and Objectives of compensation

-
Compensation Compensation may be define as money receive in performance of work plus many kinds of services and benefits that organization provide to the employees. Compensation may be classify into; (a) Basic or primary compensation, (b) Supplementary compensation. Primary compensation refers to basic pay in the form of wages and salaries. It is a fixed or non incentive payment on the basis of time expended on the job. Supplementary compensation consists of incentives and variables payments based on there individuals output or output of the organization as a whole. Wages - Wages is a general term referring to direct monetary compensation. It is also used specifically to refers to payments to service workers on the basis of hourly rates production. Salary  - Salary refers to weekly or monthly rates paid to clerical administration and professional employees. Characteristics of Compensation These are the following main Characteristics of Compensation:- A hierarchy of pay levels. A hi...
Read more

What is a Contract? The essential elements of a valid Contract as per section 10 of ICA,1872

-
Image
What is a Valid Contract? according to  Section10 : All agreements are contract if they are made by free consent of parties, competent to contract, for a lawfully consideration and with a lawfully object and are not expressly declared to be void. 10 essential elements of a valid contract These are the following 10 essential elements of a valid contract:- (1) Offer and Acceptance  : In order to create a valid Contract there must be a lawful offer by one party and a lawful acceptance of the same by other party. (2)  Intention to create legal relationship  :  In case there is no such intention on the part of parties, there is no contract. Example- the leading case in this point Balfour Vs Balfour 1919 An agreement to lunch at a friend's house is not an agreement intending to create a legal relations, agreement between husband and wife, generally lack the intention to create legal relation. (3)  Lawful Consideration  :  Consideration is a essential el...
Read more

short note on Universal management

-
Universal Management functions are carried on by all types of Organizations. These functions are performed my management irrespective of the size and Nature of the organization. Each manager performed the same functions regardless of his rank or position in the Organizations. Thus, management functions are universal.
Read more