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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Globalization refers to the increasing interconnectedness, integration, and interdependence of countries and economies around the world. It is a multifaceted phenomenon that encompasses economic, political, technological, social, and cultural aspects. Globalization has been facilitated by advancements in transportation, communication, and information technology, which have significantly reduced barriers to the movement of goods, services, capital, and …
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 …
Workforce diversity refers to the inclusion and representation of individuals from various backgrounds, demographics, and identities within a particular organization or workplace. It encompasses differences such as race, ethnicity, gender, age, sexual orientation, physical abilities, religion, socioeconomic background, and more. Workforce diversity recognizes that individuals bring unique perspectives, experiences, skills, and talents to the workplace, …
The Hawthorne studies were a series of experiments and investigations conducted at the Western Electric Hawthorne Works in Chicago, USA, between 1924 and 1932. These studies, led by a team of researchers from Harvard University, aimed to examine the relationship between workplace conditions and employee productivity. The findings of the Hawthorne studies had a profound …
NMIMS Assignment June 2023 solution for Management Theory & Practice Q2. Shemaroo entertainment earlier only had a base in Mumbai, India. It has now expanded its wings to other parts of the world too and want to also get into other avenues of filmmaking. They have hired you as a consultant to help them design …
Q1. XYZ Ltd has hired you as a consultant in order to devise a strategy to motivate their employees. Can you guide them with monetary and non-monetary Employee Motivating factors? (10 Marks) Employee motivation is something important for any organisation which will enable a company to enhance the performance and retain in the competitive markets. …
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Reference : https://cab.rbi.org.in/docs/elearning/Handouts/Johari_Window.pdf
Q1. XYZ Ltd has hired you as a consultant in order to devise a strategy to motivate their employees. Can you guide them with monetary and non-monetary Employee Motivating factors? (10 Marks) Employee motivation is something important for any organisation which will enable a company to enhance the performance and retain in the competitive markets. …
