Benchmarking is a term used in business operating procedures. To benchmark one’s business is to compare its entire standard operating procedures, with the one which is regarded as a pioneer, or is a tycoon in the relative market. Benchmarking is done to deduce accurate performances by comparing the internal practices of an organization with the [...]
Corporate culture is a collection of shared values, attitudes, beliefs, assumptions, and norms that create clear and successful business principles and operations which are helpful to attain higher degree of HRM and customer satisfaction. It is useful to understand organizational functioning and structure which provide information and guidelines for organizational behavior.
Corporate culture works like a [...]
Group Decision Making
The term group decision making is used when a decision regarding any particular issue or problem, is taken with the cooperation of two or more than two persons with their mutual understanding. In group decision making, there is a leader involved, who judged, summarize and finalize the opinion given by all the members/entities [...]
Author – Saqib Parvez
The process of taking decision seems very easy but actually it is not, it has six steps associated with effective decision making process whether the decision is programmed or non-programmed.
Decision Making Process
Decision making process consist of six steps recognition of decision requirements, diagnosis and analysis of causes, development of alternatives, selection of [...]
Author – Sundas Jamil
The term transformational leadership was used for the first time by Downtown. (Northouse. 2009) The leadership style that creates a positive and valuable change among its followers turning them into leaders by motivating and inspiring them is known as transformational leadership.
Transformational leadership can be defined briefly as a process whereby a person [...]
Author – Saqib Parvez
Decisions are very important part in life; we take decisions at every moment in daily routine. If we choose a TV program to watch among several programs it means we took decision about which program to watch.
Decision is a choice made from available alternatives.
There are two types of decision:
• Programmed Decisions
• Non-programmed [...]
Author – Sundas Jamil
Leadership is known to be the oldest preoccupation in the world. Leadership has long been an important debate topic as well as a driver of innovation for centuries. Leadership is said to be an important quality of a manager but not every manager is a leader. Both a leader and a manager [...]
MBO is a management method in which particular goals and objectives are jointly established by managers and employees for every department, project and organization. Responsibilities are assigned to every individual by superiors. Progress is periodically reviewed and the employees are rewarded on goal attainment according to their performance.
The term MBO was first used by PETER [...]
Frederick Herzberg motivation theory shows that different factors contribute towards the satisfaction and dissatisfaction at work/job; these factors are not merely opposing reactions to the same factors as had been believed by most people. The Herzberg’s theory suggests that, man is basically born with two sets of needs. One as an animal being ‘to avoid [...]
The x & y theory was proposed by an American psychologist Douglas McGregor in his book ‘The Human Side of Enterprise’ in 1960. These theories are still commonly referred to in the field of management & motivation. McGregor’s theory is a constructive and effortless memento of the standard rules of managing people, which are easily [...]