Human Resource Management ( HRM ) – FUNCTIONS

Human Resource Management ( HRM ) – FUNCTIONS Human resource management functions can be classified in following three categories. 1. Managerial Functions, 2. Operative Functions, and 3. Advisory Functions 1. Read More …

TRADE UNIONS

TRADE UNIONS DEFINITION: Trade unions or labour unions are the organizations formed by workers from related fields that work for the common interest of its members. They help workers in Read More …

COLLECTIVE BARGAINING

COLLECTIVE BARGAINING

COLLECTIVE BARGAINING COLLECTIVE BARGAINING – CONCEPT: The term collective bargaining is made up of two words, ‘collective’ – which means a ‘group action’ through representation and ‘bargaining’, means ‘negotiating’, which Read More …

Differences Between Financial accounting, management accounting and cost accounting

Differences Between Financial accounting, management accounting and cost accounting

Differences Between Financial accounting, management accounting and cost accounting Differences Between Financial accounting, management accounting and cost accounting DIFFERENCE BETWEEN FINANCIAL ACCOUNTING AND MANAGEMENT ACCOUNTING BASIS FINANCIAL ACCOUNTING MANAGEMENT ACCOUNTING PRIMARY Read More …

MARKETING MANAGEMENT: INTRODUCTION

MARKETING MANAGEMENT: INTRODUCTION Marketing is about identifying and meeting human and social needs. One of the shortest good definitions of marketing is “meeting needs profitably”. Coping with exchange processes calls Read More …

Communication – Meaning, Definitions, Components and Classifications

business communication

COMMUNICATION – Communication, Business Communication, Communication – Meaning, Definitions, Components and Classifications, Theories of Communication, Evolution  The word communication has a long and rich history. Since the beginning of time, the need Read More …

DISPUTE RESOLUTION AND GRIEVANCE MANAGEMENT

DISPUTE RESOLUTION processes are the methods or techniques that a company uses to resolve any dispute that occurs in the company. In this chapter, we will see that the dispute resolution Read More …

METHODS OF JOB EVALUATION

Job evaluation is the systematic process of assessing and determining the value of jobs performed within the organization and the relative value or worth of the employee’s efforts. The four Read More …

Issue of Shares by A Company

Issue of Shares by A Company The following points highlight the five main steps for the issue of shares by a company. The steps are: 1. Issue of Prospectus 2. Use of Read More …

Cost-Volume-Profit Analysis

Cost-Volume-Profit (CVP) Analysis is also known as Break–Even Analysis. Every business organization works to maximize its profits. With the help of CVP analysis, the management studies the co-relation of profit Read More …