Management Theory

Leadership Definition – Importance of Managerial Leadership.

Leadership: George Terry has defined leadership as "Leadership is the activity of influencing people to strive willingly for group objectives." Leadership is the art of influencing group of people to follow a shown path willingly and do the ...

READ MORE +

What is Morale? What are the Significance of Leadership vis-a-vis Morale?

Management Theory

Morale: Morale is total attitude towards oneself, one's work and one's colleagues in work situation. It is a product of need satisfaction on job satisfaction level. Morale is an individual or group feeling of competence and confidence, ...

READ MORE +

Money and Work Motivation in Modern Business Organizations.

Management Theory

Money is round and spins and let people spin around it. Money motivates the people most and holds the key to all locks in a modern business organization. No organization can survive without money and its motivation aspect, though non-money ...

READ MORE +

Explain the Process of Staff Selection in Organization. Do you agree that combination of written test and interview provides better result?

Management Theory

Process of staff selection is cumber, some, tiring time consuming and challenging, as making a choice is always difficult, especially when there is wide choice and there is only a original difference visible. Selection is process which goes through ...

READ MORE +

There is no more important resource than human resources. Do you agree? Why?

Management Theory

Human resources are the only real assets of the organization which keep the organization in existence. I do agree with statement that there is no more important resources than human resources. Without human resources and their effective ...

READ MORE +

What are the factors which have to be considered while selecting suitable basis of departmentation?

Management Theory

The are necessarily considered for arriving at a decision for departmentation of an organization. Function Base: Functional departmentation is done at the basis of various functions which are well defined. Functional departmentation is most natural ...

READ MORE +

Discuss the Meaning and Importance of Departmentation.

Management Theory

Meaning of Departmentation: Departmentation means the creating a division in work organization so as to make an operation more cohesive and organized. Departmentation leads to grouping of activities into different departments on the basis of: ...

READ MORE +

Define the term Reciprocal Promise. State the rules for the performance of reciprocal promises.

Management Theory

Reciprocal Promise. According to Section 2(f) of the Indian Contract Act, defines reciprocal promises as promises which form the consideration or part of the consideration for each other. In other words, when the parties to an agreement make mutual ...

READ MORE +

What does mean by Span of Control? Discuss the factors affecting Span of Control.

Management Theory

Span of Control: Span is the length between starting point and the end. So span control indicates the length of supervisory control. Supervision is path of all working and supervisory control is the part of controlling and directing function of ...

READ MORE +

Define the concept of Planning and distinguish it from Plan.

Management Theory

The concept of planning defined as looking ahead into the future and try to anticipate as what it would be or likely to look like and how it will affect the organization and what direction the organization should take so as to be ready to cope up ...

READ MORE +

Long range planning is concerned with making today’s decisions with a better sense of the future. Comment.

Management Theory

Long range planning is basically aimed at the achievement of long term or absolute objectives of an organization over a long period of time, but since a plan has to be put in action for achieving the long range objectives the planning has to be done ...

READ MORE +

Explain the need for principles of Management.

Management Theory

Management theorists observed the following needs for principles of management: Organization and management should be based on sound principles, principles were fundamental truth which have a universal application. Management principles are needed ...

READ MORE +

Management Theory

Compare items