Goal Setting Theory of Motivation Edwin Locke’s goal-setting theory is among the most dominant theories of work motivation. Systematic and rigorous reviews and meta-analyses have found substantial support for the basic principles of the goal-setting theory. This theory emphasizes that all behavior is motivated, and motivation is a goal-directed process. So, the level of motivation … Read more
The Impact of Globalization on Economic Growth Globalization has impacted many aspects of modern life. It has affected trade, jobs, technology, and law, name it. And there is a positive indication that it will be a growing force that will shape the global economy. Globalization also has some drawbacks, but then renowned economists have agreed … Read more
How to Become a Project Management Professional – A Complete Guide for 2020 To be a professional in project management (PM) is a marvelous thought of starting a career. Hop onto any online PMP certification course to grasp the fundas and the concepts of project management. You’ll be more ready to take the responsibilities at … Read more
What is Human Resource Planning? When a company says that their workers are the essential factors in the growth and success of the business, you need to take such words seriously. Have all the financial resources to run a business, without the right employees; the company might not survive for long. However, human resource planning … Read more
Horizontal Integration You may be new to business terms but I am pretty sure that you have come across the term horizontal integration at least once. ‘Horizontal integration is a term in the business world that refers to the acquisition of a business by another business that is operating at the same level of the … Read more
What are Porter’s Five Forces? Porter’s Five Forces Framework is a tool for analyzing competition of a business. A good businessman, therefore, has to understand concepts in business before applying them successfully. That is why a good understanding of concepts and theories is important for an effective and easier administration of your business. In this … Read more
Learning From Security Breaches in Higher Education Higher education is highly prone to threats and risks that target their financial systems and student retention. The increased adoption of mobile technology promotes the proliferation of security threats in institutions of higher learning. Security breaches occur through hacking, disclosure, physical loss of data, portable, and stationary devices … Read more
Elton Mayo And His Key Theories Management, according to human relations, is the study of the behavior of employees in the workplace. And this approach of human relations also has its roots in the myriads of experiments which was conducted by the renowned professor, Elton Mayo and his team at the Harvard School of Business, … Read more
Bureaucratic Theory by Max Weber Max Weber, a renowned German sociologist, was the first person to use the term “bureaucracy” towards the end of the 19th. Max did not only use the word; he also believed that the bureaucratic management system is the most effective system to set up and run an organization. Hence, the … Read more
What is a Bureaucracy? Bureaucracy is a common term used in many organizations. It’s a system of management deployed mostly in large organizations. But that doesn’t mean small-sized organizations cannot or do not operate a bureaucratic system. Whenever there is a pyramidal command structure, then that is clear evidence that the said firm is running … Read more
Process of Controlling The control process is an important management function. It’s at this point that management engages in setting, measuring and tweaking of business operations which may include manufacturing, packaging of goods and other activities. So the control process is critical in the survival of any business. So management cannot neglect it. The control … Read more
Objectives of Management Every organization aims to succeed. But then, the human and financial resources belonging to the firm must be adequately utilized for this to happen. The role of management in helping businesses thrive cannot be overemphasized. The prosperity and progress of the industry depend on the performance of management handling the company’s affairs. … Read more
What is Controlling? Controlling means validating if the activities occurring are in confirmation with the actual plans prepared and accepted, instructions issued and principles established. The controlling function also helps in the effective and efficient application of enterprise resources in order to accomplish the planned goals. Controlling gauges the deviation of actual performance from the planned … Read more
The Evolution of Management Thought and the Evolution of Management Theories Knowing the story behind the evolution of management thought and the evolution of theories is essential. If you are familiar with them, including the development that brought about the current practices in business, then you will have a better understanding of management principles that … Read more
Financial Management – Meaning, Objectives, and Functions Financial Management is a critical topic in business. The reason is that a company cannot function without the proper use of funds. It might even suffer stunted growth. To understand and apply the right management practices in the handling and use of funds, one has to know how … Read more
