Category: Business

Information on the different approaches to decision-making are given below:There are several approaches to decision-making which offer insight into the process by which managers arrive at their decisions. Rational approach is appealing as it is logical and economical. ADVERTISEMENTS: The other approach is the behavioural approach which attempts to account for the limits on rationality in decision-making.The third approach, namely, the practical approach combines features of the rational and behavioural approaches. Image Source: decision-making-solutions.comFinally, the personal approach focuses on decision-making processes individuals use in difficult situations. A. The Rational Approach: Rational decision-making approach is a systematic, step-by-step process for making decisions. It assumes that the organization is economically based and managed by decision-makers who are absolutely objective and have complete information. ADVERTISEMENTS: The steps of rational decision-making approach are as…

Important Objectives of performance management are given below:Performance appraisal is not something entirely new for educational institutions. Teachers are aware that they are being judged and evaluated by students, peers and superior all the time, be it formally or informally. However, it is necessary to evolve a formal, scientific and systematic PA system.First step in this direction is to understand the objectives of Performance appraisal which include: ADVERTISEMENTS: i. To assist teachers in their professional development and career planning.ii. To assist those responsible for making decisions about the management of teachers.iii. To improve the quality of education for students.iv. To assist teachers to realize their potential and to carry out their duties more effectively. Image Source: performance-management-consulting.com ADVERTISEMENTS: v. To provide judgment to support promotions, demotions, transfers, confirmation or termination.vi.…

Indian anthropologists who made great contributions towards Anthropology are listed below: 1. N. K. Bose: Normal Kumar Bose is a highly familiar and respected name in Indian Anthropology. He was born in 1901. He got his schooling at Patina and Ranchi and higher education at Calcutta. He did his Master’s in Anthropology in 1925.He was involved in freedom struggle and his academic career was interrupted several times by certain nationalist events. He taught anthropology at Calcutta University. bigfyda.com ADVERTISEMENTS: N. K. Bose also served as a visiting scholar in the University of California, Berkley and Chicago. He also acted as the Director, Anthropological Survey of India during 1959-64 and served as advisor on tribal affairs, Government of India.He retired in 1964 and from then onwards served in various capacities. He…

Institutional effectiveness dimensions are given below:(1) Better results.(2) Reduced costs ADVERTISEMENTS: (3) Reduction or elimination of wastage and stagnation.(4) Better image.These four components of HRD can be schematically presented as follows (Rao, 1986).HRD can be implemented in such a manner that it is beneficial both to the individual and to the institution. For this, it should foster a sense of belongingness among employees. Image Source: aoma.edu ADVERTISEMENTS: This feeling develops when an institution provides for their basic needs as well as for their higher needs through appropriate management styles and systems. Employees’ commitment can be developed and enhanced by providing opportunities for self-fulfillment in one’s work.A manager’s job is to provide a positive, motivating work climate which would ensure development and utilization of the capabilities of subordinates.However, the HRD system…

Before making an attempt to further clarify and discuss the concept of organizational culture, it is essential to comprehend the distinction between ‘he terms Organizational climate and organizational culture.Both the concepts are concerned with the overall work atmosphere of an organization. Both deal the social context in organizations and both are assumed to affect the behaviours of people who work in organizations (Denison, 1996). These are the similarities between the two concepts. Image Source: charactercountsiniowa.org ADVERTISEMENTS: However, the two concepts differ in many significant ways:(1) Researches on organizational were mainly based in psychology, whereas, the study of organizational culture is based in anthropology and sociology,(2) Organizational climate does not deal with values and norms in most cases. On the other hand, organizational culture is very often described as the means…