Participative Management – Workers Participation in Management

Human Resource Management

Case Study on Entrepreneurship: Larry Page

Business Analysis

The Boundaryless Career: Modern Contemperory Perspective on Career

Human Resource Management

How to Meet Costa Rica’s 2026 VASP Requirements Without Expanding Headcount

General Business Articles

Concepts of Throughput Accounting and Theory of Constraints

Financial Management

Activities Involved in Human Resource Planning

The Human Resource Planning includes managerial activities that contribute to set the company’s future objectives. It also determines appropriate means and ways for achieving those objectives. Where as organizational planning facilitates the realization of the company’s future objectives and determines appropriate means for achieving those objectives. Human resource planning determines the determinants of changing job requirement. Technological advancement that requires introduction of new equipment, product, and process and invariably resulting in changes in jobs and job structure in an organization can be dealt with proper manpower planning. It is therefore, manpower planning is essential for the organization to meet the demands of future job requirements in order to survive and remain competitive. Otherwise, the organizations experiencing the effect of rapid technological change will face the shortages of skilled employees in the absence of effective human resource planning. Activities in  Human Resource Planning Forecasting future human resource needs/ Demand forecasting: Demand Continue reading

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Theories of Motivation: Abraham Maslow’s Need Hierarchy Model

In 1943, Abraham Maslow’s article, “A Theory of Human Motivation ” appeared in the Psychological Review, which  were further expanded upon in his book:   Toward a psychology of well being, Abraham H. Maslow attempted to formulate a needs-based framework of human motivation and based upon his clinical experiences with people, rather than as did the prior psychology theories of his day from authors such as Freud and B.F. Skinner, which were largely theoretical or based upon animal behavior. The basis of Maslow’s motivation theory is that human beings are motivated by unsatisfied needs, and that certain lower  factors need to be satisfied before higher needs can be satisfied. According to Maslow, there are general types of needs (physiological, survival, safety, love, and esteem) that must be satisfied before a person can act unselfishly. He called these needs “deficiency needs.” As long as we are motivated to satisfy these cravings, Continue reading

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9 Steps to Implement a Total Quality Management System

Total Quality Management (TQM) is a function to develop quality and performance which resolve surpass consumer expectations. It can accomplished by integrate the quality associated functions and processes through the organization. TQM looks at the particular quality measures apply by organization as well as managing quality development and design, maintenance and quality control, quality assurance and quality improvement. Furthermore, TQM takes account into all quality measures that taken at all stages and concerning all organization employees. Besides that, Total Quality Management (TQM) plans in an effort to maintain competitiveness in categorize to attain consumer satisfaction in the increasing of competition around the world. TQM is an integrative idea of administration for incessantly civilizing the quality of progression and products. TQM is the purpose on the basis that the quality of the products and processes is the dependability of everybody who is concerned with the conception or utilization of the services Continue reading

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Reasons for the Increased Foreign Direct Investments

The factors that propel sustained economic development have not changed with  time. They include the generation and efficient allocation of capital and  labor,  application of technology and the creation of skills and institutions. These fact  determine how well each economy uses its endowments and adds to them. They  also affect how flexibly and dynamically each country responds to changing  economic conditions. However, the global context for development has changed  enormous the past decades. These changes affect not only the role of Foreign Direct Investment (FDI) in host countries, but also government policies on FDI. The following three are  of particular significance. 1. The Nature and Pace of Knowledge (Technological Knowledge Change) The creation and diffusion of productive knowledge have become central to  growth and development. “Knowledge” includes not only technical knowledge  (research and development, design, process engineering), but also knowledge of  organisation, management and inter-firm and international relationships. Much  of Continue reading

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Microfinance Through Self Help Groups (SHG)

Microfinance In India, the Task Force on Supportive Policy and Regulatory Framework for Microfinance has defined MF (Microfinance) as the “Provision of thrift, credit and other financial services and products of very small amounts to the poor in rural, semi-urban or urban areas for enabling them to raise their income levels and improve living standards”. Major characteristics of Microfinance are: Small amounts of saving and credit Collateral free credit through collateral substitute like peer pressure Group formation to create peer pressure and bring discipline Easy access Less and simplified procedures and documentations Credit for both investment and consumption needs Poor are bankable Affordable interest rates Sustainability There are different methodologies for delivering microfinance like Grameen bank model of Prof. Yunus, SHG-Bank linkage model, Micro finance institutions (for profit and non profit),NBFC model, NGO model etc. In India SHG-Bank linkage model is the most popular model. Self Help Groups (SHG) Model Continue reading

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Internet of Medical Things (IoMT) – Meaning, Strengths, and Weaknesses

With the accelerated pace of life, people don’t want to spend more time on hospital registration, procedure, and other trivial things. Internet of medical things can help it by applying internet in medical staff, like the patient can make an appointment online, the personal information and the very first disease description can be sent to hospital information system and assigned to a doctor, which decreases time on waiting and personal information registration. For people living somewhere far away from medical resources, remote medical treatment may be a good choice to let the man away from distant puzzles. Even inside the hospital, the internet can be useful by sending physical checking messages from doctor to specialist for a traffic injured patient. Internet of medical things can be really helpful in our life, and we do need it. Information technology is the basement of internet development, and internet application also accelerates the Continue reading

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