Entrepreneurship

Group incentives: Meaning, Advantages and Disadvantages.

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In this article we will discuss about  Group incentives: Meaning, Advantages and Disadvantages. Incentives Anything that can attract an employees attention and motivate them to work can be called as incentives. Its aim to motivate employees and increase overall performance of an organization. Incentives can be classified as direct and indirect compensation.They can be prepared […]

Entrepreneurship

Incentives: Meaning, Features and Types.

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In this article we will discuss about Concept of Incentives, Features and Types. INTRODUCTION : Anything which motivates human that is known as incentives that may be in monetary or non-monetary form. Monetary incentive includes pay and allowance, bonus pay, profit sharing, stock option, retirement incentives, etc and Non-monetary incentives include Intrinsic and Extrinsic. Intrinsic are […]

Entrepreneurship

Difference between Traditional Pay structure and Broad banding.

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  In this article we will discuss about Difference between Traditional pay structure and Broad banding. Broad banding is a process of combination of number of related job into single pay band. Earlier there was a traditional pay structure which contained number of salary structure and was difficult to maintain for organizations. But now,broad banding […]

Human Resource Management

Performance Appraisal :Meaning and its advantages.

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Performance Appraisal is an imp process in an organization   so here we discuss about Performance Appraisal and its Advantages. Performance Appraisal Performance appraisal is a process through which organization evaluates the performance of their employees and it help to identify need of training  and different method of training. In performance appraisal the actual performance of […]

Management

Difference between Management and Administration with its comparison

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In this Article we will discuss about Difference between Management and Administration with its comparison Management Management is a process of an organization in which things has been done in proper manner with the objective of achieving organizational goal. It is also known as internal environment of an organization where individuals working in group effectively and […]

Management

Organizational Structure: Meaning, Importance, Types and Factors affecting

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In this article we will discuss about Organizational Structure: Meaning, Importance, Types and Factors affecting. Meaning Organizational structure means when the different functions are performed in organization to achieve its goals. In organizational structure various activities are assigned to different person to perform.   Importance of Organizational structure It helps in the organization of various […]

Management

Business Environment: Meaning, Categories and Features/Nature.

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In this article we will discuss about Business Environment: Meaning, Categories, and Features/Nature. Meaning   Business Environment means all those factors which are affecting business whether directly or indirectly. Business environment includes all those factors, forces and institutions which help business organization to achieve their goals. Category of Business Environment The business environment consists of […]

Management

Principles of Management: Meaning, Features/Nature, Importance and itsDerivation

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In this article we will discuss about Principles of Management: Meaning, Features/Nature, Importance and its Derivation. Meaning The word principles mean a fundamental concept which defines rules and truths of organization. It helps organization in taking action or decision on business management. Principles of management are an essential factor of the company which helps in […]