1.1 The origin of the assignment: This assignment is prepared for Mr. Azizur Rahman‚ course instructor of MBA program‚ Faculty of Business at ASA University Bangladesh. This assignment is prepared as a partial requirement of Human Resource Management (HRM - 501) course during the spring 2012 and submitted at the same semester. Following the standard procedure and instruction given by the course instructor does this formal report. 1.2 Objective: Primary objective: The primary objective
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HENRI FAYOL (1841-1925) Administrative Management Theory Henri Fayol - Administrative Management Theory 1 Who was Henri Fayol? • Born in 1841 in a suburb of Istanbul • Graduated from the National School of Mines in Saint Etienne • After Graduation‚ Work and spent his entire career at a mining company • Credited with saving company from bankruptcy • During his career‚ he lectured at Ecole Superieur de la Guerre • After retirment‚ he established the Center of Administrative Studies Henri Fayol
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Plan IV Compensation InterClean is entering a new strategic target and upper management has asked for a proposed compensation plan purposely for the new sales team. Recommendations for the new compensation plan will be submitted to the human resource department manager for endorsement. The foundation of the new compensation plan was developed after reviewing the job analysis‚ training program‚ and performance management plan. The plan includes a description of the prepared proposal and the explanation
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Chapter 1 – The Challenge of Human Resources Management 1. What is the difference between human capital and human resources management? Human capital: people’s actual knowledge‚ skills‚ and capabilities that have economic value to the company Human resources: managing human capital to achieve objectives 2. Explain how globalization is influencing human resource management. Partnerships with foreign firms & lower trade and tariff barriers -requires knowledge of business practices of the particular
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Human Resources Management Final Essay Conflicts For the human resources professional‚ it is important to be able to expect conflict to occur in our organizations‚ identify conflict in the workplace and know how to quickly and effectively resolve the underlying issues in a positive way. Resolving conflict in a positive manner can lead to much-improved professional and personal relationships. Mastering a few fundamental conflict resolution skills can enable you to become a better leader
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Performance Appraisal Unit – 6 1)Performance appraisal is done for a) administrative purpose b) employee development c) programme assessment d) all the above 2)Performance appraisal emphasizes on a) to create & maintain satisfactory level of performance b) to meet individual development needs c) to help superiors to have proper understanding about subordinates d) all the above 3)The appraiser may be a) manager or supervisor b) the employers peer c) self appraisal
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TABLE OF CONTENTS 1.0 INTRODUCTION - 1 - 2.0 BACKGROUND OF HENRI FAYOL - 2 - 3.0 FAYOL’S 14 PRINCIPLES OF MANAGEMENT - 5 - 3.1 Division of work - 5 - 3.2 Authority - 5 - 3.3 Discipline - 6 - 3.4 Unity of command - 6 - 3.5 Unity of direction - 6 - 3.6 Subordinate of individual interest to general interest - 7 - 3.7 Remuneration of personel - 7 - 3.8 Centralization - 7 - 3.9 Scalar Chain (Line Of Authority) - 8 - 3.10 Order - 9 - 3.11 Equity - 9 - 3.12 Stability of Tenure off Personnel
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a difference ? Simmons Can training solve Simmon’s financial problems? Is the GCOL a good investment? How would Eitel know? How would the company’s owners know? Is Training a Good Investment? Training Evaluation ◦ 4 Types Human capital theory ◦ When PV of Benefits >= Training Costs 3 Professor Marler- Mgt 514
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The organization I am most familiar with is that of which I am currently employed‚ Farmhouse Studios is a small company consisting of seven people: The Director/Owner‚ two managers of equal rank‚ two designers‚ a sound engineer‚ a technician and a secretary. My position is that of one of the managers‚ my job is to generate new business and oversee day to day production. Farmhouse studios is in the compact disk duplication market‚ we provide a turnkey service in which company profiles may be set up
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Nokia: Human Resource Management (HR) – Personnel management To maintain a healthy‚ successful and efficient environment Nokia collaborates with its employees under the main goal to create an environment for all its employees where they can fulfill their potential. Motivation‚ encouragement and maintaining employees satisfaction and well-being at work is vital for Nokia to perform at its best. As a goods manufacturer Nokia collaborates with its employees within formal and informal networks to allow
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