SOCIAL RESPONSIBILITY TOWARDS DIFFERENT INTEREST GROUPS A business is a social institution. It has attraction with various stakeholders or groups of the society, such as owners, employees, customers,…
SOCIAL RESPONSIBILITY OF BUSINESS According to George A.Steiner,“The assumption of social responsibilities by the business implies recognition and understanding of the aspirations of the society and …
ETHICS AND MANAGERIAL VALUES Milton Rokeach has defined values as beliefs that guide actions and judgment across a variety of situations. He further says that values represent basic convictions that …
TOOLS FOR PROMOTING ETHICAL PRACTICES In small organisations, it is simple to decide on ethical issues and follow them. But in case of large organizations which have multilevel and multinational oper…
BUSINESS ETHICS AND MANAGEMENT The word ‘ethics’ comes from the Greek root ‘ethos’ which means character, guiding beliefs, standards or ideals that pervade a group of community. In simple words, ethi…
CONCEPT OF STAFFING Meaning of Staffing Staffing is concerned with manning various positions in the organisation. In the words of Koontz and O'Donnell, "The managerial function of staffing …
PROCESS OF PLANNING It is difficult to specify the steps in the planning process for all organisations because of their differences in size and complexity. Nevertheless, it is possible to suggest som…
TYPES OF PLANNING 1. Strategic Planning : Strategic planning is the process of deciding the objectives of the organization and determining the manner in which the resources of the enterprise are to b…
SIGNIFICANCE OF PLANNING Good planning can result in the following advantages: Focuses Attention on Objectives : Since all planning is directed towards achieving enterprise objectives, the very act o…