Human Resource Management-RelatedEthics Activities Selection- One writer says, “The simplest way totune up an organization, ethically speaking, is to hire more ethical people.” This can start before the applicant even applies, by creating recruitment...
Why Treat Employees Fairly? We’ve seen that a main way employers foster ethical behavior is by ensuring that they treat employees fairly. For most people the answer to “Why treat employees fairly?” is obvious,...
Strategic Compensation Management The strategic use of rewards to regulate behaviour and performance has led to the concept of compensation management’ or ‘reward systems’- terms, which belong in the HRM, rather than the Industrial...
One of the important function of management is that of control. Audit is one of the important control devices.Thus, personnel or human resource audit refers to checking the organisation’s performance in its management of...
Nature of Capital Investment Any project involves a huge amount investment. Capital expenditure decisions important and difficult decisions of any firm their following features: Enterpreneurship Development (i) Future based- Capital expenditure decisions have long-term...
Enrepreneurial Development A Brief Historical Sketch The historical aspect of evolution of entrepreneurship is also interesting. It is worth noting that even the development of theory of entrepreneurship parallels to a great extent the...
Intrapreneurship Employees of an organisation who have entrepreneurial talent and are motivated to use their abilities and initiative and do something on their own, but who may notwant to start their own business are...
Motivation Motivation is an indispensable function of management. When man is at work, he cannot be forced to work like a machine. He is a human being who has his dignity, self-respect, values, sentiments...
Searching for prospective business ideas Promotional activities commence with the search for prospective business ideas or opportunities. The promoter is required to employ his imagination and foresight in preparing list of business ideas. Business...
Importance of Entrepreneurship Entrepreneurship being an intangible factor is the moving force and development is the consequence. It has an important role in the context of a developing nation like India which is confronted...