This hierarchy includes different kind of requirement of employee. In this point, Taylor's theory is much similar to hierarchy of the lowest and the fourth level on Maslow's theory. Moreover, Hall et al (2008) stated that McGregor has a theory that is similar to Maslow and Taylors' theory. In McGregor's theory, the theory x is about a kind of employees who are so lazy and lack of motivation. Furthermore, they are motivated by finance or money. Nevertheless, some staff is not motivated by money....
Introduction: "I am to speak ten minutes; I need a week for preparation; if fifteen minutes, three days; if half an hour, two days; if an hour, I am ready now." ~ Woodrow Wilson Communication is a process of exchange data, information, ideas, thoughts, and emotions. Basically it is two way process of exchange that involves sender and receiver. Sender is a person who encodes and sends the information and which is then received by the receiver through different communication channels...
Human Resources Management function is a group of activities, the main function is to deciding what staffing needs and manager have to decide whether to use contractors or hire employees to fill these needs, recruiting and training the best employees, ensuring they are high performers, dealing with performance issues, and ensuring your personnel and management practices conform to various regulations. Activities also contain managing your approach to employee benefits and compensation,...
Nordstrom Inc. deals in retail business with the fashion specialty stores all over United States. There are various countries which provide complete information about the retail business. All over the world it generally deals with them providing various service stores in different areas which offer different brands of fashion products offered for the convenience of the customers and to provide all the products accessible for them. According to a survey conducted by the New York Times, there are...
Edumentor Educational Services, is an organization operating in its 6th year and is engaged into providing comprehensive, result oriented entrance test preparation for graduation level management courses (BBS/BFIA/BBA/BBE) at various institutes. The USP of the company is its extensive promotional strategies being implemented by the MBA Interns. Over these years, EduMentor has been able to grab a niche for itself in this highly competitive industry as it has always been focuses on...
Management is always practiced in every organisation and is identified as a timeless human discipline by Peter Drucker, Father of Modern Management. Job of a manager and the concept of management are always interrelated. There are four basic and important management functions which involve planning, organising, leading and controlling. Additional to a manager's job, are the roles played by them as such the interpersonal, informational and decisional roles with different subroles. A successful...
Managing people is a effective management people in an organization requires to understanding the staff, what is motivation inside a company, what will retention when a company having problem, what is the idea to development, adjustment, and managing changes. It involves many departments, such as HR, Marketing, Finance, Production, and Engineering. In the views of them employees are assets, they are just the variable cost. Everyone's knows that "Customer is the King', "Customer is...
Whereas traditional International Business research has been concerned with economic/legal issues and organizational forms and structures, the importance of culture has become increasingly important in the last two decades, largely as a result of the classic work of Hofstede (1980). Culture has been shown to impact on International Business, especially on the aspect of group performance (Gibson, 1999). This paper mainly analyzes the impact of culture on International Business. And in order to...
In this assignment we have evaluated and explained the role of operations management and operations managers in the competitiveness of the company i.e. what and how operations management contributes towards the profitability and success of the business and what the core responsibilities of operations managers comprise of, operations strategies have been discussed and some recommendation have also been made, in lined with the over all nature of business the organisation is currently...
Prior to merger in Aventis-pharma purchasing department no more than an administrative unit .The department was responsible for ensuring that whatever was ordered by company department were executed department have free reign in term of who they ordered and who from and how often .Aventis Pharma use of agents when ordering added to over head cost . The primary focus was cost saving. As a result purchasing department had focus on new objectives. They expected to be key player of procurement...