Category: Business

The principles of industrial discipline to ensure a good disciplinary system are given below: Principles 1. Knowledge of Rules: The employees (both supervisor and the worker) must be informed clearly about what constitutes good behaviour and the rewards that may emanate from it. For this purpose, the organisation should develop a code of discipline in co-operation with the workers.This code should contain in writing the rules, regula­tions and procedures considered necessary to maintain discipline. These must be known to all concerned along with the punishment for their violations. Code of discipline should be published in employee handbook. Image Source: careerminer.infomine.com 2. Prompt Action: All violations and misconducts should be promptly enquired into. When the penalty is imposed immediately after the misconduct, the offender identifies the punishment with the act he…

The different types of bargaining are given below: Types of Bargaining 1. Conjunctive Bargaining: In this type of bargaining, the employers and employees try to maximise their respective gains. Issues like wages, bonus etc. are negotiated under conjunctive bargaining.The principle “my gain is your loss and your gain is my loss” is practiced in conjunctive bargaining. The parties want to yield as little as possible while getting as much as possible from the other party. Conjunctive bargaining is also called distributive bargaining. Image Source: mesuandrews.com 2. Co-operative Bargaining: In co-operative bargaining, both parties realise the importance of surviving in difficult times (like recession) and are willing to negotiate the terms of employment in a flexible way.Labour may accept wage cuts and management may agree to modernise and make additional investment.…

Activities that a human resource department must engaged to operate in an international environment are described below:Managers in the twenty-first century are being challenged to operate in an increasingly complex, interdependent, and dynamic global environment. Those involved in global business have to adjust their strategies and management styles to those regions of the world in which they want to operate, whether directly or through some form of alliance.To compete aggressively, firms must make considerable investments overseas – not only capital investment but also investment in well-trained managers with the skills essential to working effectively in a multicultural environment. Image Source: humanresources.vermont.gov ADVERTISEMENTS: In any foreign environment, managers need to handle a set of dynamic and fast – changing variables including the all-pervasive variable of culture that affects every facet of…

Factors affecting approaches to international human resource management (IHRM) are discussed below:While these attitudes have been a useful way of demonstrating the various approaches to staffing foreign operations, it should be stressed that the above categories refer to managerial attitudes that reflect the socio-cultural environment in which the internationalising firm is embedded. A number of factors influence the IHRM approach taken by an MNC.These include the level of international experience of the firm, the method by which worldwide subsidiaries are founded, the technology and the nature of the product or products of the MNC, etc. Image Source: premierebusinessexperts.com Factors 1. The nature of IHRM may be restricted by government policies and legal regulations in the host country.This is especially felt in developing countries, where management and technical training within the…

The reasons for ethical behaviour in marketing are as follows: Reasons 1. Well – being of consumers: Management should be concerned with the well- being of consumers, since they are the lifeblood of a business. Ethical behaviour in marketing strategies, policies and campaigns ensure acknowledgment of consumer’s interests. Image Source: dumblittleman.com 2. Role of business leaders in marketing: Marketing activities should not be interpreted wrongly by public as consisting of misleading packaging labels, false claims in ads, phony list prices, and infringements of well established trademarks. ADVERTISEMENTS: To reverse the damaged reputation, business leaders must demonstrate convincingly that they are aware of their ethical responsibility and will set and enforce high ethical standards. 3. Reduced Government regulations: Unethical marketing behaviour increases the probability of government control on business. Most of…