Marketing

Marketing, the process by which a product or service originates and is then priced, promoted, and distributed to consumers. In large corporations the principal marketing functions precede the manufacture of a product.

Marketing | Defination

Marketing, the process by which a product or service originates and is then priced, promoted, and distributed to consumers. In large corporations the principal marketing functions precede the manufacture of a product. They involve market

Democratic Leadership Style

What is it?

The democratic leadership style is a very open and collegial style of running a team.

Autocratic Leadership Style: Defination | Features | Advantages | Disadvantages | Application

What is Autocratic Leadership?
Autocratic leadership can be said to be synonymous to dictatorship where only one person has the authority over the followers or workers. Their

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Scarcity, Choice and Opportunity cost

Unlimited Wants

Human beings, in order to survive need a lot of things.

Further Reading: F. W. Taylor & Scientific Management by Vincenzo Sandrone

Under Taylor's management system, factories are managed through scientific methods rather than by use of the empirical "rule of thumb" so widely prevalent in the days of the late nineteenth century when F. W. Taylor devised his system and published "Scientific Management" in 1911.

Imapact of Taylor's motivation Theory (Extended)

Effects on labor relations in market economies
Early decades: making jobs unpleasant

Taylor's view of workers was complex, having both insightful and obtuse elements. He was correct that many workers could not be relied upon for talent or intelligence (in fact, his initial insights in the 1880s showed that he thought about that topic more carefully than most other managers did).

Taylor Motivation Theory: Further reading

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Taylor observed that some workers were more talented than others, and that even smart ones were often unmotivated.

HRM: Functions of Management

 

1. Planning

It is the basic function of management.

Question: Using either company web sites or printed punished account, discover the “missions” of three well-known public limited companies.

Ans : A mission statement is a formal, short, written statement of the purpose of a company or organization.

Why might a private limited company be converted into a public limited company?

Ans. A private limited company is one in which shares are sold only to friends and family while the shares of a public limited company can be sold to the general public through the Stock Exchange.

Business Studies short questions collection

Distinguish between private and public limited companies. [2]

Explain the significance for companies of limited liability. [3]

Define the term “span of control”. [2]

History of cooperative in Nepal

Nepalese people have a long tradition in co-operation taking many forms of labour sharing in villages, informal mutual aid groups and rotating savings and credit associations.

Methods of Production: Job Production Method

Job production involves firms producing items that meet the specific requirements of the customer. Often these are one-off, unique items such as those made by an architect or wedding dressmaker. For an architect, each building or structure that he designs will be different and tailored to the needs of each individual client.

Mayo Motivation Theory (Hawthrone Effect)

Elton Mayo (1880 – 1949) believed that workers are not just concerned with money but could be better motivated by having their social needs met whilst at work (something that Taylor ignored).

Fredreick Taylor Motivation Theory

Frederick Winslow Taylor (1856 – 1917) put forward the idea that workers are motivated mainly by pay.

History of cooperative in Nepal

Nepalese people have a long tradition in co-operation taking many forms of labour sharing in villages, informal mutual aid groups and rotating savings and credit associations.

History of Cooperative

Cooperative efforts have occurred throughout history. Since early man cooperated with others to help kill large animals for survival, people have been cooperating to achieve objectives that they could not reach if they acted individually.

Advantages of cooperative

Co-operatives and credit unions are community-based organizations that care not only about the bottom lines of their businesses, but also about the needs of their members and the quality of life in their communities.