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Blog: MBA and B.tech class notes.

Blogger: richa
B.tech and MBA Class Notes6 Most important Interview Question with Answer1.) Tell Me About your self ?My name is Seema Verma , and I'm a senior at loreto High School, where I'm preparing to go to college for Management I'm good at public speaking, and I've been a group leader on several school projects . I want to get closer to the subject of Public Relation, so I think being the public relation officer in your office would be a good step for me.2). What are your strengths?My strongeststrength is the ability to teach myself difficult material. Additionally, I have always excelled verbally and look forward to writing opportunities.3). What are your weaknesses?I tend to try to do too many thin... Read more
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Blogger: richa
MBA and B.tech class notes What is Planning ?Planning is the process of determining the objective of administrative effort and of devising in the organization. It‘s involves in the creation and maintenance of plan. It is an endeavor to apply foresight to human activities based on research in the organization. Planning is the preparation for action to achieve organization goal.Definitions:O’Donnell and Weihrish:  “Planning is an intellectually demanding process; it requires the conscious determination of courses of action and the basing of decisions on purpose, knowledge and considered estimates.”Urwick:  “Planning is a mental predisposition to do things in orderly wa... Read more
clicks 287 View   Vote 0 Like   6:53am 14 Feb 2013 #Management
Blogger: richa
Scientific Management(Contribution of F.W. Taylor)Frederick Winslow Taylor was first person who gave Scientific Management in 1911. He also called the father of scientific management. Scientific Management was concerned to improving the operational efficiency at the shop-floor level.According to Taylor, “scientific management means knowing exactly what you want men to do and seeing that they do it in the best and cheapest way.”Scientific management is based on the analysis, planning and control functions. And job accomplished by analyzing, and works can selected and trained scientifically. In this, management role is to determine the kind of work for which an employee suited an... Read more
clicks 311 View   Vote 0 Like   10:23am 18 Jan 2013 #Classical theory of management
Blogger: richa
 Evaluation of managementThe Classical theory of management         Administrative Management(Contribution of Henri Fayol)Henri Fayol was real father of modern Management. Henri Fayol is the French industrialist in 1841-1925. He was a mining engineer in.  Henri Fayol spent his entire working career in French industry; French cool and iron combine of commentary fourchambault. Henri Fayol developed a general theory of Business Administration.Henri Fayol was concerned the principles of organization and the function of management. Fayol laid the foundation of management as a separate body of knowledge. He always insisted that if scientific forecasting and prope... Read more
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Blogger: richa
B.tech and MBA Class NotesLevel of ManagementManagement has various activities in an organization. These activities are controlled by different people at different level. The term “level” of management refers to a lines of demarcation between various managerial position is an organization.The levels of management can be classified in these broad categories.-Top level: Top management also called administrative level management. It is a central management. Top management of a company is constituted by its board of directors and the chief executive.Functions:Top management formulates objectives and establishes goals and policies of company.It determines the basic pattern of the organiz... Read more
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Blogger: richa
B.tech and MBA class notesDiscuss the nature of the management.Nature of ManagementThe nature of management has the following features.Universal process: - Management is universal in nature; it is applied in all types of process like commercial, social or political. Management exists everywhere in universe. The basic principles of management can be applied everywhere, whether they are business or non-business organization.Continuous Process: - Management is a never ending process. Management is a continuous process because it always carries the past decisions for the future course of action to achieve organization goals.Multi-disciplinary method: - Management is basically multi-disciplinary;... Read more
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Blogger: richa
Indian directory BlogAdda code<a href="http://www.blogadda.com" title="Visit blogadda.com to discover Indian blogs"> <img src="http://www.blogadda.com/images/blogadda.png" width="80" height="15" border="0" alt="Visit blogadda.com to discover Indian blogs" /></a>... Read more
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Blogger: richa
B.tech and MBA class notesImportance of ManagementManagement is the catalyst and brain of industry without which no any organization can established or survive in the business environment. But, management was not know in old times as it presently seems, it became this world at the beginning of the industrial revolution when the  scale of production became vary large and need to control  its various stage of production and distribution problems in the industries. This problem required an immediate action and attention for the coordinate of work. Thus management was born in industries to solve and manage industrial conditions. Now management is worldwide in the modern industry. It be... Read more
clicks 248 View   Vote 0 Like   6:11pm 20 Dec 2012 #Importance of management
Blogger: richa
 MBA and B.tech class notesPrinciples of Management Objectives of managementManaging an organization effectively requires the formulation of clear objectives. The objective is well defined, and the objective points (question) of making necessary efforts to achieve it. Objects and aims direct a man to proceed in a certain way for achieving organizational aims.Objective serves as guidelines or landmarks or road lines for action and efforts to achieve managerial goal. Well defined objective steers an organization to success.According to George R. Terry, "A managerial objective is the goal which prescribes definite scope and suggests the efforts of a manager."In the words of Peter F. D... Read more
clicks 437 View   Vote 0 Like   2:09pm 15 Dec 2012 #Principles of management- objective of management
Blogger: richa
 OM” Bhoor bhoovah sovah tats-vitur varenyam  bhargo devasya dhee- mahi dhiyao yo- nah prachodayat”Shri Ram Sharma was a Indian sage and seer. He pioneered the revival of spirituality. He was a pious of Gayatri Mata and great student of Dada Guru shri Sarweshwra Nand. He was integrated the modern and ancient science and religion. Pandit Shriram Sharma was great devotee of Goddess Gayatri. He was master in the highest kind of Gayatri Shadana and Tantra which is described in Vedas and Hinduism. He gave simple shadhana method which could be easily pursued by the common person. BirthShriram Sharma Acharya was born on the 20th September 1911 as the son of  Pandit Roopkisho... Read more
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Blogger: richa
MBA and B.tech class notesModern Management TheoryManagement is one or the other form has existed in every nook and corner of the world since the dawn of civilization. Modern Management has grown with the growth of social-economics and scientific institution. Modern view consists that a worker does not work for only money. They work for their satisfaction and happiness with good living style. Here Non- financial award is most important factor.Modern management theories started after 1950s. Modern management theory focuses the development of each factor of workers and organization. Modern management theory refers to emphasizing the use of systematic mathematical techniques in the system with ... Read more
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Blogger: richa
MBA and B.tech class notesEvolution of Management ThoughtNeo- Classical TheoryNeo- classical theory is also referred to as behavioral scienceapproach to modifying and improving the classical theory.  While classical theories focused more on structure and physical aspects of the worker and Neo-classical theory gives importance to human and social aspects of the worker and his relations in the organization.The neo-classical theory is based on the Hawthrone experiments. Elton Mayo conducted the Hawthrone experiments at Hawthron plant of General Electronic Company (GEC) between 1927 and 1993 at Chicago with 30,000 workers. The Hawthron plant was manufacturing teleph... Read more
Blogger: richa
Classical theory of managementBUREAUCRACY MANAGEMENT (Max Weber-1900)Bureaucracy management is a stream of classical theory of management. Max Weber was the first of management theorists who were concerned the management structure with the sets of rule and regulations. Bureaucracy management depends upon administration devices. Max Weber presents the ideal organization structure. There are four major characteristics of organizational structure.-Hierarchical positionsRules of systemDivision of  labour for specializationImpersonal relationshipAdvantage of bureaucracy management:Hierarchy of authority.Employment is based on the technical efficiency.Eliminate managerial inconsistencies.A we... Read more
clicks 398 View   Vote 0 Like   6:22pm 3 Aug 2012 #Classical theory of management
Blogger: richa
Evolution of Management ThoughtManagement has been progressively evaluated through the following three stages.The Classification theory of managementIt has three streams:-     Bureaucracy : 1900     Scientific management:  1900-1930     Administrative / Operational management:  1916-1940The Neo-classical Theory of managementIt has two streams:-  Human Relations: 1930-1950Behavioral Approach: 1940-1950Modern Theory of managementIt has three streams:-Quantitative Approach: 1950-1960Systems Approach: 1960s on wordsContingency Approach: 1970s on words  Recommended linksIntroduction of managementImportance ManagementObject... Read more
clicks 402 View   Vote 0 Like   6:00pm 3 Aug 2012 #
Blogger: richa
Scientific Management(Contribution of F.W. Taylor)Frederick Winslow Taylor was first person who gave Scientific Management in 1911. He also called the father of scientific management.Scientific Management was concerned to improving the operational efficiency at the shop-floor level.According to Taylor, “scientific management means knowing exactly what you want men to do and seeing that they do it in the best and cheapest way.”Scientific management is based on the analysis, planning and control functions. And job accomplished by analyzing, and works can selected and trained scientifically. In this, management role is to determine the kind of work for which an employee suited and hire and ... Read more
clicks 265 View   Vote 0 Like   4:33pm 20 Jul 2012 #Scientific management
Blogger: richa
ManagementIntroduction:“Management is the art of knowing what you want to do and then seeing that it is done in the best and cheapest way”.Management entails the co-ordination of human effort and material resource toward the organization to achieve its objectives.The objective of the any enterprise is accomplished through the use of resources.Management involves an organized effort to achieve the objectives. Management is the brain of the enterprises. Management helps in predicting what is going to happen in future that will influence the working of an enterprise.Definitions of management: According to Dalton E. Mc Farland:“Management is the fundamental integrating and operating mechan... Read more
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