What is Organising? Meaning Definition Process Articles

What is Organising? Meaning
Organising or Organizing in management refers to the relationship between people, work and resources used to achieve the common objectives (goals).
Image Credits © 401 Forester.
Definition of Organising
According to Theo Haimann,"Organising is the process of defining and grouping the activities of the enterprise and establishing the authority relationships among them

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Steps in Organising Process - Organisation as a Process

The stages or steps in the process of organisation are explained below:-
1. Fixing the objectives of the organisation
At the top level, administrative management first fixes the common objectives of organisation. At the middle level, executive management fix the departmental objectives. Lastly, at the lower level, supervisory management fix the day-to-day objectives. All the objectives of the

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Importance of Organisation in Building Management Structure

1. Facilitates Efficient Management
A good organisation avoids confusion, delays and duplication of work. It increases the promptness and efficiency, and it motivates the employees to do their best. All this results in efficient management. Thus, we can say, good organisation facilitates efficient management.Image Credits © UNHCR
2. Optimum Utilisation of Human Resources
A good organisation

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Principles of Organisation in Management for Designing

Principles of Organisation In Management
A principle is a rule which is generally accepted by all. It is a guideline for solving problems and difficulties. The principles of organisation are called as "Classical Principles" because they are old and some of them are adopted from Henry Fayol's principles of management. The most common principles of organisation are Objectives, Specialisation,

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Distinguish Difference Between Formal and Informal Organisation

Formal Organisation differs from Informal Organisation in the following ways:-Image Credits © Sameer Akrani.
1. Meaning
Formal Organisation is formed when two or more persons come together. They have a common objective or goal. They are willing to work together to achieve this similar objective.Formal Organisation has its own rules and regulation. These rules must be followed by the members (

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What is Job Specification? Meaning, Information it Contains

What is Job Specification? Meaning
Job Analysis consists of Job Description and Job Specification.Job Description describes the information about the job.Job Specification specifies information about the skills or qualities required for doing the job.Job Specification is also called as Man or Employee Specification.Job Specification is prepared on the basis of Job Description.
Image Credits ©

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Assessment Centre - Meaning, Advantages and Disadvantages

Assessment Centre - Meaning
Assessment center is an important tool in the selection process. It is used to find out how a candidate will act in typical management situations.Image Credits © Moscow Business School.Here, the candidate has to take part in many management related exercises (tests). Some of these common exercises or tests:Different types of Psychological tests.
Management games.

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Importance of Scientific Recruitment and Selection Policy

Meaning of Scientific Recruitment and Selection
A scientific recruitment and selection process involves job analysis, advertisements, written tests, personal interviews, medical examination, final selection, etc. It is conducted by different types of experts. It involves a lot of time, energy and money (cost). Even then most organisations use a scientific selection policy to select their

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What are the Steps in Scientific Selection Process?

1. Recruitment
Recruitment involves the following steps :-Job Analysis : The Personnel department first does job analysis. It is a process of collecting, analysing information about the job (Job Description) and qualities required for doing the job (Job Specification).
Determining the Sources of Manpower : After this, they search for all possible sources of manpower. Advertising in leading

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Difference Between Recruitment and Selection Process

1. Definition
According to Edwin Flippo, "Recruitment is the process of searching for prospective employees and stimulating them to apply for jobs in the organisation."According to O. Donnell, "Selection is the process of choosing from among the candidates, from within the organization or from the outside, the most suitable person for the current position or for the future poistion."
Image

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Electronic Funds Transfer EFT - Electronic Clearing Service ECS

In the global market, the technology is becoming the driving force for bringing in the operational efficiency in banking industry. Several RBI committees on computerisation, in the recent past have recommended for adopting such technologies merged with the faster communication technology for the growth, development and profitability. Some of these electronic services in banking, which have come

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Internal and External Sources of Recruitment - Merits Demerits

Sources of Recruitment
The different sources of recruitment are classified into two categories, viz.,Internal : sources of recruitment are from within the organisation.
External : sources of recruitment are from outside the organisation.
Internal Sources of Recruitment
The internal sources of recruitment are:-Promotions : Promotion means to give a higher position, status, salary and

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What is Staffing? Meaning Definition Factors Affecting

Meaning of Staffing
The term Staffing in management consists of:
Selecting the right person for the right post.
Training and development.
Giving proper remuneration and motivation.
Performance appraisal of employees.
Proper promotions, transfers, etc.Image credits © Mike O'C.
Definition of Staffing
According to Harold Koontz, staffing is defined as follows:“Staffing means filling and keeping

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Scope of Marketing Research (MR) - Branches / Areas of MR

Branches / Areas / Scope of Marketing Research
The scope of marketing research is very wide and comprehensive. It includes
1. Product Research
Product means the goods and services which are sold to the consumers. It includes consumer products and industrial products. Product research studies the individual product. It studies the making and marketing of the product. It studies the colour, size,

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What is Marketing Research? Meaning Definition Features

What is Marketing Research? Meaning
Marketing Research has two words, viz., marketing and research.Marketing means buying and selling activities.
Research means a systematic and complete study of a problem. It is done by experts. It uses scientific methods.
Thus, we can say, “Marketing Research is a systematic method of collecting, recording and analyzing of data, which is used to solve

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What is Money? Meaning Definition Functions of Money

What is Money? Meaning
Money is one of the greatest inventions of mankind. According to Walker,"Money is what Money does."
Image Credits © Mark Morgan.In a wider sense, Money includes all mediums of exchanges like Gold, Silver, Copper, Paper, Cheques, and Bills of exchange, etc.
Definition of Money
According to Crowther,"Anything that is generally acceptable as a means of exchange and which at

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Importance or Significance of Theory of Effective Demand

Importance of Theory of Effective Demand

The Importance or Significance of Theory of Effective Demand is as follows:-
1. Determinants of Employment
Effective Demand determines the level of employment. When effective demand increases employment also increases and when it decreases employment also decreases. According to Keynes, involuntary unemployment can be removed by raising consumption

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Keynes General Theory of Income and Employment

Keynes General Theory of Income and Employment

(a) Total Employment depends on Total output, which is equal to total income. So National Income = Total Employment.
(b) Total Value of employment depends on Effective Demand.
(c) Effective Demand is composed of Aggregate Demand Function (ADF) and Aggregate Supply Function (ASF). The Effective demand at the equilibrium price where ADF = ASF.
(d)

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What is Trade Cycle? Meaning Definition Features and Types

What is Trade Cycle? Meaning
The alternating periods of expansion and contraction in the economic activity has been called business cycles or trade cycles.Image Credits © Havayolu101.The period of high income, high output and high employment is called as the Period of Expansion, Upswing or Prosperity.The period of low income, low output and low employment is called as the Period of Contraction,

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Limitations of Credit Creation by Commercial Banks

What are the limitations of credit creation?
Commercial Banks though have the power to create credit, their powers are not unlimited. Certain points affect the process of credit creation. They are termed as limitations to credit creation by commercial banks.
Image Credits © Deutsche Bank.
The limitations of credit creation by commercial banks are as follows :-
1. Amount of Deposit
The most

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Capital Adequacy Norms - CAR, Introduction, India and Concepts

Introduction to Capital Adequacy Norms
Along with profitability and safety, banks also give importance to Solvency. Solvency refers to the situation where assets are equal to or more than liabilities. A bank should select its assets in such a way that the shareholders and depositors' interest are protected.
Image Credits © light_breeze2010.
1. Prudential Norms
The norms which are to be followed

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Importance of Interview for Employers and Job Seekers

Personal interviews are used by all employers and companies for selecting their staff. Interview is one of the most important step in the staff selection procedure. Interview proves important because it connects both the employers as well as job seekers. It assists employers in selecting a right person for a right job. It also helps job seekers to present their job skills and acquire a desired

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Measures to Solve the Problems of Non-Performing Assets NPA

Measures to Solve Problems of NPA
The problems of NPA have been receiving greater attention since 1991 in India. The Narasimham Committee recommended a number of steps to reduce NPA. In the 1990's the Government of India (GOI) introduced a number of reforms to deals with the problems of NPA.
Image Credits © monojussi.
Major steps taken to solve the problems of Non-Performing Assets in India :-

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Non Performing Assets (NPA) - Meaning Types Provision Causes

Non-Performing Assets (NPA) - Meaning
Non-Performing Assets are popularly known as NPA. Commercial Banks assets are of various types.All those assets which generate periodical income are called as Performing Assets (PA).While all those assets which do not generate periodical income are called as Non-Performing Assets (NPA).If the customers do not repay principal amount and interest for a certain

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Types of Inflation in Economics With Examples and Diagram

Types of Inflation in Economics
This article briefly explains different types of inflation in economics with examples, wherever necessary. Following article is also supplemented with a hierarchical diagram (given below this paragraph) to help readers summarize and quickly assimilate various types of inflation. Click on the following diagram (figure) listing different types of inflation to get a

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