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Performance Appraisal Meaning Performance Appraisal is the process of evaluating an employee’s performance of a job in terms of its requirements. Performance appraisal involves assessment of the actual performance of an employee against what is expected of him/her. Such assessment is the basis for awarding promotions, effecting transfers or assessing training needs. According...

Posted on Apr 7 2017 - 10:09am by Preeti
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HRM Models The  defining   features of HRM   is popularly   known   as models.   These   models    provide    analytical    framework for  studying   HRM.     They   provide    characterization   of HRM   that  establishes   variables   and  relationship    to  be researched. Four  most  common   models   are : The...

Posted on Apr 7 2017 - 9:52am by Preeti
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Skills of Management Several skills are required to successfully manage a large organization in the changing environment. Some of the required skills are given below. Technical Skills They refers to the ability and knowledge in using the equipments, techniques and procedures involved in performing various managerial tasks. They require specialized knowledge and...

Posted on Apr 7 2017 - 9:05am by Preeti
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Importance of Management    Effective Utilization of Resources The resources are scarce in nature and to meet the demand of the society their contribution should be maximum. Management of these resources means  to make optimum utilization of all the available resources. Management helps in creating and maintaining an environment conductive to highest productivity. To...

Posted on Mar 30 2017 - 2:21pm by Preeti
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Personnel Management Meaning Personnel Management can be defined as process of obtaining, utilizing and maintaining a satisfied workforce. It is a significant part of management, which is concerned with employees at work and with their relationship within the organization. The success of an organization depends on the capacities and capabilities of its personnel....

Posted on Feb 28 2017 - 11:57am by Preeti
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Communication Models Communication Models  are conceptual  models used to explain the human communication process. In this section, you will learn about three models of communication: I. Linear model II. Interactive model III. Transactional model I. Linear Model of Communication It is a simple one way communication model. The message flows in a straight line from...

Job Description Meaning Job description is a list which containing tasks or functions and responsibility of a position which are to be performed. Job description is a written statement mentioning the job title, tasks to be performed, duties and responsibilities involved in a job. It also mentions the working conditions, hazards, stress and other problems involved...

Posted on Feb 10 2017 - 2:23pm by Preeti
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Perfect Competition Under perfect competition a large number of firms compete against each other. Therefore, the degree of competition number perfect competition is close to one. Of the different kinds of market structures, the maximum competition happens in perfect competition. Monopoly has the least competition . The major characteristics of a perfect competition...

Posted on Jan 30 2017 - 3:25pm by Preeti
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Demand Elasticity Elasticity in general, means the sensitivity or responsiveness of one variable to any change in another related variable. Demand Elasticity is a concept of judging the responsiveness of demand. J.S. Mill and Cournot were the early economists who referred to Elasticity of Demand in Economics. But this concept was actually developed by Dr. Marshall...

Posted on Nov 26 2016 - 12:31pm by Preeti
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Leather World-A Brutal Reality Leather is the skin of animals, prepared for use by tanning or a similar process designed to prepare it against decay. Leather is obtained from the skin of animals like cows, goats, sheep, pigs, ostrich, elephants,dogs, cats, horses,kangaroos, fishes and reptiles like snake. It is used in the manufacture of bags, belts, purses, shoes,...