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Contingency Approach:
Industrial behavior relies on a contingency approach to management in both theory and practice. Two people can act another way in the same condition, and a person's behavior is various in various conditions. For example, not everyone is motivated by cash, although some people are. This complexity means that company behavior must reflect situational performance or "possibility conditions." We can say that behavior X leads to outcome Y but only under conditions Z. An example would be that an employee's effort leads to high efficiency if the equipment is working at 100 percent efficiency. Hence, the state of the equipment becomes the possibility variable.
Q. What are the different types Modern controlling techniques? a) Human Resource Accounting b) PERT/CPM c) Social audit d) ROI Analysis Wide Span e) Quality Circle
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Conclusive Research: Conclusive research provides information which helps the executive to make a ration decision. The marketing executive has to arrive at a suitable decision f
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Scientific management: It is a management approach formulated by Frederick. W. Taylor and others (1890 - 1930). It has the idea to develop the best method for performing any ta
Q. What do you mean by planning? Planning is a method by which a manager looks to the future as well as discovers alternative courses of action. In other words planning is prev
Capital Budgeting: Capital budgeting is the strategy for the purchase and management of long-term assets in organizations. A capital budget is usually equipped each year, and
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