MAKAUT

Communication Control

Explain the concept of Communication of Control in Management. In the context of management, “Communications of Control” typically refers to the communication processes and systems involved in controlling and managing an organization’s activities, resources, and operations. It involves the flow of information related to decision-making, coordination, and monitoring to ensure that organizational goals and objectives …

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Delery and Shaw’s Strategic Human Resource Management Model (2002)

Strategic Human Resource Management (SHRM) has evolved as a crucial organizational function, and various models have been proposed to guide the alignment of HR practices with overall business strategy. Delery and Shaw’s model, introduced in 2002, offers a comprehensive framework that explores the strategic role of HR in enhancing organizational performance. This analysis aims to …

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Comparative Analysis of Strategic HRM Models: Guest (1997), Becker, Huselid, Pickus & Spratt (1997)

Strategic Human Resource Management (SHRM) is a dynamic field that has evolved to become a pivotal component in achieving organizational success. Two seminal models, crafted by David Guest in 1997 and a collaborative effort by Becker, Huselid, Pickus, and Spratt in the same year, have significantly influenced the way organizations approach the integration of human …

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Definitions of Financial Markets for Beginners

Financial markets are crucial components of the global economy, facilitating the exchange of financial assets and resources. Here are some important definitions of financial markets: These definitions encompass the key aspects of financial markets, including the types of assets traded, the market’s functions, and the distinction between primary and secondary markets. Each type of financial …

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Integration of Indian Financial Markets with Global Financial Markets

The integration of Indian financial markets with global financial markets has been an ongoing process driven by various factors, including globalization, liberalization, technological advancements, and increased cross-border investments. This integration has significant implications for India’s economy and its financial landscape. Here are some key aspects of the integration of Indian financial markets with global financial …

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Business Ethics – Chapter 1

Meaning of Business Ethics Business ethics refers to the moral principles and values that guide the behavior and decision-making processes within the business world. It is a branch of applied ethics that deals with the ethical dilemmas and concerns that arise in the context of business activities. Here’s a more detailed explanation of the meaning …

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Complete Underwriting

(a) When an entire issue is fully underwritten by a single underwriter:In case, an issue is subscribed fully by the public, the underwriter is relieved from the clutches of any liability. Otherwise, if an issue is not subscribed entirely, the underwriter has to shoulder the liability for the members of shares or debentures that are …

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Principles of Management & Organizational Behaviour

Basic forms of Business Ownership There are several basic forms of business ownership, each with its own advantages, disadvantages, and legal implications. Here are the most common types: Sole Proprietorship: Sole proprietorship is a business owned and operated by a single individual. The owner has complete control over the business and receives all profits. The …

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Concept | Need and Purpose of Audit

Concept of Audit: An audit is a systematic examination and evaluation of an organization’s financial statements, accounting records, internal controls, and business processes. It is typically conducted by an independent and qualified auditor or auditing firm to ensure the accuracy, completeness, and fairness of the financial information presented by the organization. Need for Audit: Financial …

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Corporate value addition and Economic Value Addition

“Corporate value addition” and “Economic Value Added (EVA)” are concepts that focus on measuring the value created by a company’s operations and financial decisions. Let us delve into each of these concepts: Corporate Value Addition: Corporate value addition refers to the enhancement of a company’s overall value through various strategies, actions, and decisions. It encompasses …

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