This blog will help you with understanding simple key terms that you will be using in a daily basis in every business.
Contact us
Get link
Facebook
X
Pinterest
Email
Other Apps
Drop down a comment for any clarification related to the posts of this blog. Our team will be ready to answer any question that you have as soon as possible.
CHAIN OF COMMAND This is one of the principles that can be explained through an organizational structure. It shows the unbroken way of authority that flows from the top-level management to the low-level management of an organization. A chain of command should be effective for communicating with the employees. It should give a clear picture to the workers on what decisions they can make on their own, the situations they should follow the commands of their supervisors. The chain of command helps us to understand that every employee should be accountable to their immediate supervisor. This is also used for creating specialized workers as it helps to separate works according to the organizational structure and assigning, commanding the workers to do certain tasks. A good chain of command also improves the responsibilities of workers as it exhibits the order of authority and power of a certain position in the organizational structure.
Hawthorne study The Hawthorne study is a well-defined assessment which is useful for many experiments in sociology. This exploratory and social examinations were led by Elton Mayo during the years of 1924-1932 at Western Electric company’s Hawthorne works in Chicago. The basic purpose of Mayo was to examine how various factors of the working environment such as circumstances of breaks, lighting of the workplace, length of a working day impact on the efficiency of a worker. The Hawthorne experiment drew out that productivity of a worker does not only depend on the financial compensation paid to them, that productivity of staffs depends majorly on the satisfaction of employee. Illustrative experiments, relay assembly test room experiments, mass interview program, bank wiring test room experiments were used to to find out the facts which bring fluctuation in workers productivity. Illustrative experiments: Illustrative experiments are a study which was conducted to find ou...
Mission, vision, goals, and objectives Mission, vision, goals, and objectives are the components of a proper business plan . Vision is the destination that an organization wants to achieve in the remote future. Vision: A vision should be very motivating, realistic, and achievable in long term . A vision statement is created by the owners or the heads of organizations. This statement guides the entire organization towards its purpose. Mission: Mission expresses the vison of an organization in a broader way. It explains the purpose of an organization, helps to identify the target markets, the operations of a firm plan. A mission statement is generated to bring uniformity among the staffs who hold different skills and opinions, to share the scarce resources effectively . A business should focus on the factors like the product that they produce, their customers, technology, public image while preparing a mission statement. Go...
Comments
Post a Comment