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Training and  Development At the enterprise level, employee training and development are main areas of human resource development. The efficiency of an organisation depends directly on the capability and talent of its personnel, and how motivated they are. Capability of a person depends on his ability to work and the  type of training  he receives. […]

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 Fombrun   Model The Harvard Model The Guest  Model  and The Warwick  Model All these models […]

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 proficiency in handling […]

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 Incorporate […]

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. Unless, it […]

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 […]

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 market are […]

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 […]

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, […]