Category: Business

Essay on the Behavioural Approach to Management (1401 Words)The classical approach to management primarily viewed individuals as mechanisms of production. The emphasis was on productivity by moving the workers to produce by giving them incentives. Behavioural approach to management is based on the premise that those involved in the organization are the prime determinants of organizational and managerial effectiveness. Image Source: image.slidesharecdn.com ADVERTISEMENTS: It moves away from supervisory procedures and industrial engineering techniques such as time and motion study and focusses on increase in production and managerial efficiency through an understanding of the people. Central to this approach is an increased understanding of the individual worker with emphasis on motivation, needs, interpersonal relationships and group dynamics.Some of the major contributors to the behavioural aspects of management are:i. Mary Parker Follett….…

Section 14 of the Specific Relief Act, 1963 Provides that: 1. Admissibility of: The scope of Section 92 proviso (6) of the Evidence Act, 1872, is laid down as under: “If the terms of document are clear and unambiguous extrinsic evidence is inadmissible in a case otherwise proviso (6) could be involved which permits extrinsic evidence. The case of Abdulla Ahmed v. Animendra Kissen, I960 SCR 30 at p. 46, which say that the conduct of parties to the agreement determines the true effect of the contract and to determine the true effect extrinsic evidence is permissible in case the true meaning to be extracted is doubtful.” Image Source: shopevident.com 2. Applicability of: ADVERTISEMENTS: The Court may enforce specific performance where the suit is for the enforcement of a contract…

Section 34 of the Specific Relief Act, 1963 Provides that: 1. Absolute owner: Once the mortgagee is claiming to be an absolute owner of the property his/her status as mortgagee comes to an end and his/her possession becomes adverse to the original owner. Even if such sale is voidable (and not void), it will not alter legal position and adverse title of the original mortgagee continues and if the period of twelve years expires, he/she becomes owner of the property by adverse possession. Image Source: liveanswering.net 2. Adverse possession—Legality of: ADVERTISEMENTS: Once a person gets possession of property as mortgagee, he cannot by a unilateral act or declaration claim a title over the property by adverse possession against the mortgagor since in law his possession is that of the mortgagor.…

Just as there are some who overemphasize the importance of corporate social responsibility, there are others who criticize the concept and propose that any acts of social responsibility which would drain the profits of the corporation would be outside the realm of legitimate business functions and would defy the very purpose of the existence and objectives of the corporations. Image Source: advanceprm.comThese critics view the economic and social objectives as contradictory to each other and as separate ends of a continuum. Arguments for CSR: The proponents of corporate social responsibility have put forth arguments supporting the concept. Some of the reasons cited in favour of CSR are summarized as follows: ADVERTISEMENTS: i. Business is unavoidably involved in social issues:Managers are first and foremost citizens, in the same way as the…

Section 38 of the Specific Relief Act, 1963 Provides that: 1. Action for ejectment: Between a wrongdoer and the prior possessor prior possession of the plaintiff in an action for ejectment is sufficient title against all but the true owner and the wrongdoer cannot successfully resist the suit by showing that the title and right to possession are in a third person. Image Source: thenews-chronicle.com 2. Coparcenary property—Injunction: ADVERTISEMENTS: On aspects of alienation of coparcenary property the Supreme Court laid down that:“It is true that a coparcener takes by birth an interest in the ances­tral property,, but he is not entitled to separate possession of the coparcenary estate. His rights are not independent of the control of the Karta. It would be for the Karta to consider the actual pressure…

Section 41 of the Specific Relief Act, 1963 Provides that: 1. Alternative remedy: An injunction, which is a discretionary equitable relief, cannot be granted when an equally efficacious relief is obtain­able in any other usual mode or proceeding except in cases of breach of trust. Image Source: thestudentlawyer.com ADVERTISEMENTS: This consideration also has a bearing upon the question whether a prima facie case exists for the grant of an interim injunction. 2. Court immediately below—Meaning of: The expression “Court im­mediately below” occurring in Article 133 (1) of the Constitution does not mean “Court subordinate”. 3. Equitable principle: Mow access to Court in search of justice ac­cording to law is the right of a person who complains of infringement of his legally protected interest and a fortiori therefore, no other Court…

Read this Essay on “Strategic Planning” (413 Words)!Strategic planning, as defined in Chapter 6, is the process of planning as to how to achieve the organizational goals with the available resources and is undertaken by the central management of the organization. Strategic planning is necessary and important for the following reasons: Image Source: brandadventure.co.uk ADVERTISEMENTS: First, there are a large number of external variables whose values do not remain constant that affect the operations of the organization. These variables include changing international environment, political and governmental policies and forces, economic trends, social dynamism and so on. Strategic plans must have provisions to cope with these changing situations.Second, all natural resources are becoming scarce. The management must decide on how to compete for these resources and how to allocate and utilize…