Concept‚ nature and significance of management 1) Nature‚ concept and significance of management 2) Functions and principles of management 3) Development of management thought MEANING AND DEFINITION OF MANAGEMENT Management is the process by which a co-operative group directs action towards a common goal. By Joseph Messie To manage is to forecast and plan‚ to organize‚ to command‚ to coordinate and to control. By Henri Fayol Management is the art of knowing what you want men
Premium Management
“Define the term Muslim and Islam?” In Arabic‚ the word “Islam” means submission or surrender to God. However‚ it was derived from the root word “salam”. From this root word‚ you can also derive the word peace. Many people feel that Islam implies some sort of enslavement to Allah‚ but others find it more helpful to define the word “Islam” as surrender. Many religions have a concept of surrender to God. In Jewish history‚ when the ancient Hebrews obeyed God’s commands‚ they had a long period of
Premium Islam Muhammad Prophets of Islam
How to define the ’middle class ’? BY LI KUI-WAI Published: Mar 15 2013 8:50 Email | Print | Share Text Size The definition of “middle class” has been debated recently in Hong Kong. One simplistic definition would be to take the median or average income and those who received the middle” level of income are the “middle class”. Such a definition is easy to understand in mathematical terms‚ but is naive and has a number of drawbacks. Firstly‚ how close the income level to the “middle” would
Premium Social class Working class Sociology
found out that on average‚ managers and directors own an average of 26.7 percent of the cash flow rights and 50.7 percent of the voting rights among firms in dual-class. Dual-class firms rely more heavily on debt financing‚ possibly because investors do not wish to buy stock with inferior voting rights. The median debt-to-assets ratio for dual-class firms is 0.21; for single-class companies it is 0.09. Managers are willing to pursue more rapid growth. Increased cash flow ownership increases capital
Premium Stock
----------------------------------------------------------- Accounting Concept and Conventions In drawing up accounting statements‚ whether they are external "financial accounts" or internally-focused "management accounts"‚ a clear objective has to be that the accounts fairly reflect the true "substance" of the business and the results of its operation. The theory of accounting has‚ therefore‚ developed the concept of a "true and fair view". The true and fair view is applied in ensuring and
Premium Balance sheet Bookkeeping Periodization
There are number of experiments that have produced unanticipated results and if by chance the information falls into the hands of individuals that want to cause harm could be castastrophic (“Dual Use Research: A Dialogue”). Dual use research is a growing concern that has the scientific community and the public frequently discussing the potential harm a research could bring if one intends to use the information improperly‚ in turn‚ potentially turn the information around to cause harm (Biotechnology
Premium Bacteria Antibiotic resistance Gene
Question: Explain with examples the following concepts and values. a. Fairness and Equity b. Power and Authority c. Individualism and Collectivism d. Rights and Responsibilities e. Integrity and Trust Most definitions of industrial relations imply a certain shortcoming or inadequacy. For instance‚ Michael Salmon’s suggestion‚ after much examination of the submissions of others‚ that “it is possible” to define industrial relations as “a set of phenomena‚ operating
Premium Human rights Employment Management
‘Ransom’ demonstrates that it is a man’s actions that define him. Discuss. While Priam’s decision to defy kingly conventions and act as ‘an ordinary man’ shows that a man’s actions can indeed make up a significant element of one’s identity‚ Malouf also makes it clear that a man’s emotional connections with others define him. Priam’s humble request of Achilles‚ and Achille’s agreement to this‚ humanize the two men and highlight their compassionate sides as opposed to their societal statuses. However
Premium Human Achilles Iliad
HR Policy for Dual-Career Couples: Human Resource Management and Development HR Policy for Dual-Career Couples The changing demographics of our workforce have demanded that we address our HR policy regarding to families‚ and in particular dual income or dual-career couples. This policy will assist families that find themselves overwhelmed with work‚ parenting‚ adult education‚ and ultimately increasing productivity for the company. Careful consideration will be given to couples both
Premium Working time Employment Telecommuting
THE JOURNAL OF FINANCE • VOL. LXIV‚ NO. 4 • AUGUST 2009 Agency Problems at Dual-Class Companies RONALD W. MASULIS‚ CONG WANG‚ and FEI XIE∗ ABSTRACT Using a sample of U.S. dual-class companies‚ we examine how divergence between insider voting and cash f low rights affects managerial extraction of private benefits of control. We find that as this divergence widens‚ corporate cash holdings are worth less to outside shareholders‚ CEOs receive higher compensation‚ managers make shareholder value-destroying
Premium Stock market