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The Entrepreneur as a Manager
The Entrepreneur as a Manager An entrepreneur will also be required to play the normal management roles: Planning, organization, financial management, human resource management, leadership and control. The most common educational approach for entrepreneurship distinguishes six types of skills: Operational management, personnel and organization, financial administration, marketing, financial management, and making a business plan. The…
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INTRODUCTION TO ENTREPRENEURSHIP
INTRODUCTION TO ENTREPRENEURSHIP The word entrepreneurship was first introduced by a French economist Richard Cantillon during the early 18th century. Entrepreneur is a French word ‘‘entreprendre’’ which literally means ‘‘under take’. An entrepreneur is also referred to as ‘‘a risk taker’’ who buys commodities at certain prices and sells at a relatively higher price. Definitions…
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PERFORMANCE APPRAISAL
PERFORMANCE APPRAISAL Performance appraisal is the systematic, periodic and an impartial rating of an employee’s excellence in the matters pertaining to his present job and his potential for a better job. -Flippo Performance appraisal is a process by which an employee’s contribution to the organization during a specified period of time is assessed. Characteristics of…
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Job Analysis
Job Analysis Job Analysis can be understood as the process of gathering information related to the specific job. OR Job analysis refers to the process of obtaining information about jobs by determining what the duties, tasks, or activities of jobs are. The information includes knowledge, skill, and ability, possessed by the incumbent, to perform the…
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Recruitment and Selection
Recruitment and Selection Recruitment refers to the process of searching for prospective employees and stimulating them to apply for jobs in the organization.(Edwin B.Flippo) Recruitment can also be defined as the process of developing a pool of potential employees in accordance with a human resource plan which an organization can depend on when it needs…
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HUMAN RESOURCE PLANNING
HUMAN RESOURCE PLANNING Human resources planning is the process by which an organization ensures that it has the right number and kind of people at the right place and at the right time, capable of effectively and efficiently completing those tasks that help the organization achieve its overall objectives. Human resources planning is planning for…
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HUMAN RESOURCE MANAGEMENT
HUMAN RESOURCE MANAGEMENT Human Resource Management is a management function that deals with recruitment, placement, training, development of organization members. Human Resource Management is a process of staffing the organization and sustaining high employee performance. Human Resource Management can also be defined as all the practices, systems and procedures implemented to attract, acquire, develop and…
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DIRECTING IN MANAGEMENT
Directing and Leading Directing involves supervising or leading the workers to accomplish the goals of the organization. Directing is the process of getting the organization’s work done. Directing is a management function performed by top-level management to achieve the objectives of an organization. It is considered the life-spark of the organization because it sets in…
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Organizing as a function in management
Organizing Organizing in management involves formulating organizational structure that clearly defines the scope of responsibilities, relationships and lines of authority. Organizing is the process of combining work, facilities, and resources to achieve specific objectives. This function is very important to implement the plans efficiently and effectively. It involves identifying the workers of the organization, dividing…
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Levels of Hospital Management
Levels of Hospital Management Levels of Hospital Management refers to the line of division that exists between various managerial positions in a hospital. As the size of the hospital and workforce increases, the number of levels in management increases along with it, and vice versa. The different Levels of Hospital Management can determine the chain…
