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Indutrial Relations

Industrial Relations

It means relations between the management of an industrial enterprise and its employees. Employer-employee relationships that are covered specifically under collective bargaining and industrial relation laws. The term “industrial relations” has developed both a broad and a narrow meaning. Originally, industrial relations were broadly defined to include the totality of relationships and interactions between employers and employees. From this perspective, ...

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Risk management

Risk Management

Risk management is a process for identifying, assessing, and prioritizing risks of different kinds. Once the risks are identified, the risk manager will create a plan to minimize or eliminate the impact of negative events. The process of risk management is designed to reduce or eliminate the risk of certain kinds of events happening or having an impact on the ...

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Insurance

Insurance

Insurance is the act, system, or business of insuring  property, life, one’s person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a payment proportionate to the risk involved. It is the coverage by contract in which one party agrees to indemnify or reimburse another for loss that occurs under ...

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Entrepreneurship

Entrepreneurship

Entrepreneurship is an economic term describing the process of bearing the risk of buying at certain prices and selling at uncertain prices. Other, later commentators broadened the definition to include the concept of bringing together the factors of production. An entrepreneur is an owner or manager of a business enterprise who makes money through risk and initiative. The term entrepreneur ...

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Controlling

Controling

Controlling is one of the most important and dynamic process of management functions. It is the most important managerial function for correcting, improving and foreseeing action of management for attaining organizational goals.

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Staffing

Staffing

To improve the quality of employees at all levels of an organization, staffing must be a strategic priority. A staffing system, or a staffing plan, is a pattern, a form and a process for those who hire, screen, interview, and employ new employees. When accurately planned and implemented, it leads people through the hiring process from start to finish, telling ...

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Organising

organising

Organising is the next important function of management after the planning. In case of planning a manager decides what is to be done in future. In case of organizing he decides on ways and mean through which it will be easier to achieve what has been planned. Organising or organizing is a process of gathering, grouping, and combination of all ...

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Planning

Planning

Planning is a gracious and unappreciated occupation. Decision makers assist communities to construct their favorite future-good planning makes evolution toward glory while bad planning plants a heritage of troubles and disputes. Planners execute civilization’s deep lifting by anticipating and determination of community conflicts. Good planning requires unique talent and outlook. Planning means pre-determined function. It is indicating deciding in advance ...

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Management.

Management

It is not only difficult but also complex to give an accurate definition of the term management. Different authors of management have their own view of management from several angles. Management is the course of planning, organising, staffing, directing and controlling the efforts of the people engaged in any organization in to attain predetermined objective. The appropriate and cost-effective use ...

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