Management Articles & Notes

This page is dedicated to management articles, notes, tips and resources. You can find articles on a variety of topics related to management here.

 

In simple words, management is the art of getting things done through others. In other words, management in all business activities is considered the act of coordinating the efforts of individuals to achieve objectives and goals making use of available resources wisely. Management is frequently covered as a factor of production together with equipment, materials, and funds. Management includes the manipulation of human capital within an organization to help with the success of a business. In a commercial business, the main function of management is the satisfaction of a number of stakeholders. This usually requires making a profit, producing valued goods at affordable prices, and giving rewarding job opportunities for workers.

Institution Building Skills of Managers

Top executives usually are viewed as the individuals who make crucial decisions within an organisation. A manager needs expertise which helps in building an institution or organisation. Top executives must have technical, human and conceptual skills. He is worried about achieving better satisfaction of employees, their welfare, their development that could produce an impact on the community and their morale.

Importance of Corporate Policy

Corporate policy is a formal document of the guiding principles by which a company will operate. Without appropriate corporate policy, it will become quite challenging for the organization to continue. Policies act as a guide and assist the manager to direct all the actions towards the same goal. Policies can be useful for over-all development and growth of the business. Corporate policy is very important and significant for a corporation in today’s ever changing business environment.

Elements of a Research Problem

A research problem describes some issues which an organization is having and desires to get a solution for the same. Recognition of problem is probably the most essential portion of research. Problems are experienced everyday and due to these, researchers in many cases are not able to identify specific topics of their study. These types of problems require skills and knowledge.

Steps in OD Interventions

Organizational development is the term for any course of action which serves to intentionally improve problem solving and renewal processes within organizations. Intervention involves purposeful action by a change agent to create and aid change in a specific organizational setting or system. Interventions in organizations are based on three modes of research: explanation, interpretation, and intervention.

Components of Financial System

A Financial System consists of actions dealing in finance, organised into a system. Financial system performs a vital role in the functioning of the economy. A financial system is the term used for a system which facilitates the transfer of money among investors and borrowers. We have discussed about the following 5 basic components of Financial System: Financial Institutions, Financial Markets, Financial Instruments (Assets or Securities), Financial Services and Money.

Knowledge Transfer: Types, Approaches & Process

Knowledge transfer means the process through which knowledge is transferred to people and organizations which can gain from it. In other words, knowledge transfer is the systematic duplication of the expertise, wisdom, and tacit knowledge of experts into the mind and hands of their colleagues. Knowledge transfer has long been a challenge for businesses. Knowledge transfer is only useful if it is included in a set of policies for knowledge generation and capture.