Conflicting factors - problems in acquisition, Other Management

Assignment Help:

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. 


Related Discussions:- Conflicting factors - problems in acquisition

Conditions for adopting shopping in contract management, Conditions for ado...

Conditions for adopting shopping  We should adopt shopping when:  It is an appropriate method for execution of works of small value in a short period of time. In the case

Model which supports enterprise project management, M odel which supports ...

M odel which supports EPM Enterprise project management is an optimistic trait of the organisation that changes the way business is conducted through projects. A replica of an

Describe why planning is vital in preparing a daily plan, QUESTION 1 Ca...

QUESTION 1 Caring for differences in Early Childhood Centres has become very important. Briefly explain why QUESTION 2 Briefly describe why planning is important even i

Write a long note on the fork method, Question 1 What should an interviewe...

Question 1 What should an interviewee remember before being interviewed? How can a potential interviewee prepare for an interview? Question 2 Discuss the different types o

Procurement management, Overview of Procurement Management   Let us star...

Overview of Procurement Management   Let us start our discussion with an overview of project procurement management. Procurement management is an important knowledge area in pro

Economic theories of wages, Question 1: What are the major issues relat...

Question 1: What are the major issues related to repatriation? Describe Repatriation Major isssues related to repariation   Question 2: Prepare a short

Classifications of magazines as a medium of communication, Problem 1 Ra...

Problem 1 Radio, as a medium of communication, functions in two main ways: it serves the individuals; and it operates on behalf of the society (Leish, 2007). Using suitable exa

Selection tools - non-print materials, SELECTION TOOLS: NON-PRINT MATERIALS...

SELECTION TOOLS: NON-PRINT MATERIALS The production and distribution of non-print materials, is a recent development and therefore not as well organised as in the ease of prin

Explain what you understand by internal analysis, QUESTION 1 SWOT Matri...

QUESTION 1 SWOT Matrix is one of the principal tools for strategic analysis. Referring to this matrix- (a) Explain what you understand by internal analysis (b) Explain wh

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