Conflicting factors - problems in acquisition, Other Management

Conflicting Factors:

Demand, supply and finance are the three major factors governing collection development. Both demand and supply will be increasing while finance will be always inadequate. If mind is to be fully satisfied, a library will have to buy more and more items. This is particularly so since more items are being published everyday. New items published will naturally stimulate more reading and in turn place more demands upon the library. In order to meet growing pressures of demand, funds at the command of the library also ought to grow. But, generally, this does not happen. On the country, library budgets are very often subjected to severe cuts on account of other priority allocations. Even in cases where funds remain static, the purchasing power of the available money may go down  due to inflationary trends. To make matters worse, the prices of reading materials have always a rising trend. The ultimate result of this conflict of factors is that the library will not be able to buy all that it should. This is the case with even the richest library in the world. Therefore, you must know how to utilise the available money in the most judicious manner. As advised by Mellvile Dewey, your motto must be "the Best Reading for the Largest Number at the Least Cost". The principle under the balancing of the three conflicting factors - books, readers and money. You have to ensure that the funds are expended in a such a manner as to build up a well-balanced purposive library collection. Strict financial discipline, therefore, is needed  in acquisition work. A tool which will help you in observing this financial discipline and in ensuring a balanced growth of the collection is the budget allocation. 

Posted Date: 10/25/2012 7:46:23 AM | Location : United States







Related Discussions:- Conflicting factors - problems in acquisition, Assignment Help, Ask Question on Conflicting factors - problems in acquisition, Get Answer, Expert's Help, Conflicting factors - problems in acquisition Discussions

Write discussion on Conflicting factors - problems in acquisition
Your posts are moderated
Related Questions
Direct Ordering with Publishers: Due to the inefficiency of local booksellers,  many a library has resorted to the practice of directly ordering with publishers or their local

P roject team activities There  are  seven  step  procedures  which  the  organisation  can  use  to introduce the project team activities as a management strategy. The proced

ETHICS AND SOCIAL RESPONSIBILITY AT … Select a company of interest to you (Fortune 500, Not-For-Profit, etc.) Examples of corporations that could be used are: • Tommy Hilfiger at

The project ‘Syringe Management Plan' is created to protect the community against misplace of syringe that causes accidental needle injury. This project is introduce as there is no

P e rforming Quality Assurance Quality assurance is the process of providing confidence that the project will satisfy  the  identified  quality  standards.  It  is  performed

Types and Structure: Types and Structure The  design of a useful  schedule normally  involved extensive planning, consultation with  colleagues and experts, pretesting and rev

Question 1: (a) Explain the meaning of ‘Authority', ‘Power' and ‘Politics' in the context of an organisation. (b) What are the strategies that are usually used by Manager

Card Filing Work: After the Accession List is made the catalogue cards relating to the released documents  are ready for merging with the catalogue. In the case of the Classif

Conservation: The second aspect of maintenance work is book conservation. Only books in good physical condition should be allowed to stay  on shelves. Constant shelf checking

QUESTION 1 Discuss the strategic decision making process. Support your answer with examples from an industry of your choice QUESTION 2 a) What are SBUs and how effectiv