After reading this article you will learn about:- 1. Meaning of Management Development 2. Objectives of Management Development 3. Importance 4. Techniques 5. Programmes 6. Performance Appraisal. Meaning of Management Development: Management development is a planned and organised process and programme of training and growth whereby an individual manager or executive (at each level of management hierarchy) gains knowledge, skills [...]
After reading this article you will learn about the contribution of various management thinkers towards management:- 1. Contributions of F.W. Taylor 2. Contributions of Henri Fayol 3. Contributions of Elton Mayo 4. Contributions of Gilbreth 5. Contributions of Gantt. Contributions of F.W. Taylor to Management: Fredrick Winslow Taylor is known as the founder of Scientific Management. Taylor laid the foundation [...]
Decision making has following distinct phases:- 1. Defining the Problem 2. Analysing the Problem 3. Developing Alternative Solutions 4. Deciding upon the Best Solution 5. Making the Decision Effective 6. Implementing and Verifying the Decision. Step # 1. Defining the Problem: Management may see a clash of personalities; the real problem may well be poor organization structure. Management may see [...]