Explain the components of the specific business environment, Business Management

Assignment Help:

Question:

(a) Frederick Taylor observed that workers worked below their optimum level (soldiering). He thus devised systematic methods based on a set of principles. These principles were later known as the "four principles of scientific management". List and describe the four principles.

(b) What is an organisation's specific business environment? Describe the various components of the specific business environment.

(c) As a manager, motivating and catering for the needs of the employees are of paramount importance. In that respect Maslow's Hierarchy of Needs provides with a very useful tool. Briefly describe the various levels of needs in the Maslow Hierarchy. For each need give one example how they can be satisfied.


Related Discussions:- Explain the components of the specific business environment

Managerial Economics, calculate point elasticity of demand for demand funct...

calculate point elasticity of demand for demand function Q=10-2p for decrease in price from Rs.3 to Rs.2

Objective of maintenance management, Objective of Maintenance Management ...

Objective of Maintenance Management 1. Minimizing the loss of productive time because of equipment failure i, e, minimizing idle time of equipment due to break down) 2.

Importance of record keeping in welfare institutions, QUESTION 1 Distin...

QUESTION 1 Distinguish clearly between public and private welfare institutions stressing the basic difference in their overall administration. Explain using examples QUESTI

Pessimists are more likely than optimists, QUESTION It is widely assume...

QUESTION It is widely assumed that optimists have qualities that pessimists should try to acquire. The importance of "the power of positive thinking" is often being stressed. H

Benefits from preventive maintenance, a. Reduction of the total time an...

a. Reduction of the total time and consequent reduction in production losses. b. Reduction nin the number or major repairs and consequently reduced maintenance expens

Short-term, discuss the three approaches to the short-term financing proble...

discuss the three approaches to the short-term financing problem and provide relevant example of each

Managing diversity - combating challenges, Managing diversity is about more...

Managing diversity is about more than equal employment opportunity and affirmative action (Losyk, 1996). The organisation should create such a working environment as will increase

E-strategy, Estimate the Contribution of an E-Strategy to the Achievement o...

Estimate the Contribution of an E-Strategy to the Achievement of an Organisation''s Objectives

Difference between informative and persuasive presentations, QUESTION (...

QUESTION (a) Describe the difference between informative and persuasive presentations and describe the key strategies for each of these types of presentations. (b) Why is it

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd