BASIC BUSINESS KNOWLEDGE
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What about personality
What about personality Personality Some people are silent and submissive while others are sociable and aggressive; some are punctual and hardworking whereas some lack punctuality and are lazy,some are assertive and optimistic while some are shy and pessimistic. The personalities and attitudes of people are.complex and difficult to interpret. To complicate matters further, there is no agreement among theorists regarding the definition of personality. They define personality from a number of different perspectives. Meaning of Personality The term ‘personality has…
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What is decentralization
What is decentralization De centralisation implies the dispersal of decisionmaking power at lower levels of management. When the power to take decisions and formulate policies does not lie with one person at the top but is passed on to different persons at various levels, it will be a case of decentralisation. The decisions taken at lower level should not only be more in number but they should be important also. If insignificant decisions are allowed to be taken at lower…
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What is motivation
What is motivation After making plans and having an appropriate structure to achieve the goals, the manager is required to get his individual which prompts him to action. Every individual has needs and desires which are called motives and which inspire his or her behaviour towards achievement of some objectives. An element which force an individual to put his energy, efforts, knowledge and skills to perform things in a particular way is called motivation. The manager’s role is to influence…
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Theory of motivation
Theory of motivation Theories of Motivation 1. Maslow’s Hierarchy of Needs Theory The basic theme of Maslow’s Hierarchy of needs theory is that human needs are not of equal strength. He thought that a person’s motivational needs could be arranged as per their priority. First of all a person will try to satisfy primary needs and if they are satisfied, a person will move to secondary needs. In short, it is believed that once a need is a satisfied, it is…
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What is staffing
What is staffing Meaning of Staffing Every organisation requires a number of persons for taking up different positions. The positions are created through the process of organisation and their occupants help in achieving the business objectives. The persons occupying different positions should have the ability to meet their requirements. Staffing basically involves matching jobs and individuals. It may be defined as filling, and keeping filled positions in the organisation structure. This may require functions like manpower planning, recruitment, selection, training,…
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