Hospital Management

The Principles of Scientific Management

Scientific management, also known as Taylorism, is a management approach developed by Frederick Winslow Taylor in the early 20th century. It aimed to improve efficiency and productivity in industrial settings by applying scientific methods to work processes. Taylor’s ideas had a significant impact on the field of management and laid the foundation for modern management …

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Business Law – Question and Answers

Explain what is Free Consent and the instances under which Free Consent in an agreement would be affected. Please provide examples for each of such instance. ANSWER Free consent is a fundamental principle in contract law, indicating that parties involved in an agreement must willingly and voluntarily enter into the contract without any external pressures …

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Cloud Computing

Case study & questions answers for MBA | MMS | MHA & Other professional courses. COMPT_PREP is an Educational Institute which helps the aspirants to prepare for Engineering and Medical Exams. They have around 20 branches across the country. The aspirant’s base is exploding on a Year-on-Year basis. Suggest a Cloud Solution strategy to help …

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ERP – Enterprise Resource Planning

What is an ERP? ANSWER: ERP stands for Enterprise Resource Planning. It refers to a software system that integrates various business functions and processes within an organization into a centralized system. The primary goal of ERP is to streamline and automate business operations, improve efficiency, and provide real-time data for informed decision-making. An ERP system …

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The RACI Matrix is a project management tool used to define and clarify roles and responsibilities within a project or organizational process. RACI stands for Responsible, Accountable, Consulted, and Informed. The matrix helps to clearly outline who is responsible for each task, who is accountable for its successful completion, who needs to be consulted for …


Masters in Hospital Administration

The Master of Hospital Administration (MHA-Hospital) degree aims to create a cadre of qualified managers for the sector’s burgeoning hospital market. The need for a new category of healthcare professional—the hospital manager—comes about as hospitals become increasingly complex technical environments that employ people with widely varying skill sets. This efficiency requirement must be met without …

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Marketing Strategy | 4C’s over 4P’s

As marketers, we as a whole are shown about the four pillars of marketing strategy. The 4 P’s-Product, Price, Place, and Promotion are imbued in our memory from the very first moment of our education in the marketing scene. Be that as it may, these four categories line up with four other, more realistic pillars …

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Economists like Hicks, Allen, Samuelson’s, Edgeworth etc. have criticized the utility analysis on the following grounds: •Utility is subjective.•Indivisible Goods.•Goods are not independent.•Marginal Utility of Money is not Constant.•Cardinal Measurement is not Possible.•Consumer is not so calculative.•Income Effect of Price change Ignored INTRODUCTION OF INDIFFERENCE CURVE IC analysis is a modern method to analyze consumer’s …



My blog contains study material on the subject business statistics. The study material is written and compiled from various books for the benefits of management students. BBA & MBA students from any universities can refer the material for making notes and examination preparation.