Your business guide

 Charismatic leadership Charismatic leadership is one of the contemporary theories of leadership . It is the kind of leadership which bring high level of commitment, responsibility in the subordinates.  Charismatic leadership is the process of creating positive impact on the employees through energetic, self-assured leadership . A charismatic leader is a self-motivated highly skilled personality who has the capability of influencing the behavior of the subordinates in a way the employees feel the responsibility, work willingly to achieve the targets assigned by the leader of a group, division, or association . Charisma, charismatic leadership are some of the familiar concepts of studies in the recent times. Charisma is the power a leader should have in order to attract, influence others. A charismatic leader should be self-controlled, motivated, should have strong communication skills, should be sensitive towards the feelings of employees to understand their concerns . A ...

  Barriers to effective communication Communication is a process of transmitting, and understanding of information. A communication can be effective only when the receiver understands the exact information that the sender is willing to convey.  An effective communication should increase commitment in managers, and employees, should reduce misunderstanding in the organizational structure, should help them achieve the organizational goals efficiently.  There could be various barriers that obstruct an effective communication. A barrier can arise in any element of the communicational process, they provide the organization an opportunity to become more effective with the communicational process.  Information being filtered, the receiver being emotionally unstable while receiving the information, excessive information, defensiveness, language, and cultural barricades in the working environment, lack of feedbacks from the receiver, physical disabilities, lack of technolog...

  The Delphi method The Delphi method is one of the commonly used group decision making methods in an organization . The Delphi technique is a research-based iterative cycle that gathers individual opinions, helps with identifying a consensus of expert opinion using a set of questionnaires. This method  is also known as a qualitative forecasting method. The Delphi method was introduced by Norman Dalkey in the 1950’s. This was a project sponsored, used by the military of the U.S.A . The classical Delphi method was developed in order to allow participants express their ideas freely, to distil the perspectives of the members, to give participants a chance to explain, changing their view points with regards to the other members point of view, to quantitatively investigate on the gathered information . The questionnaires for this method are designed to understand complications, discover opportunities, solutions, and for predicting the future of the organization. The questionnai...

Skills and roles of a manager It is important that every manager is skilled to handle dynamic situations, to achieve  organizational goals and objectives by using the scarce resources efficiently.  Robert  L. Katz introduced 3 basic abilities a manager should essentially hold. They are: Technical skills Human skills Conceptual skills  1.Technical skills Technical skills are the skills of a  particular field which can be gained through education, and experience.  These abilities will  generally be more significant for the first-line workers as they directly supervise non-managerial  staffs.  2.Human skills  Human skills are the capability of working together with  people, motivating, coaching, and facilitating them.  All managerial levels of the organizational  structure should hold the human skills because all the levels of managers work with people  3.Conceptual skills Conceptual skills  are the skills to make l...

 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. 

 EFFICIENCY AND EFFECTIVENESS Efficiency and effectiveness are the main tools of measuring the success of organizations or inter-organizations.  Efficiency: Efficiency can be easily defined as “doing things right”. It alludes the function of getting the maximum output out of minimal inputs. Efficiency can be classified into 2 types 1. Input efficiency- it can be obtained by reducing the amount of input to get the same level of output. 2. Output efficiency- increasing the amount of output produced with maintaining the same level of inputs Example: A baker who bakes fresh bakery products always worked with the objective of earning profits  by  increasing the quality of his products to retain the customers, to increase the customer satisfaction continuously. He normally bakes 50 buns in an hour and is thinking of ways to improve is efficiency and effectiveness in order to increase his productivity. Efficiency: 50 buns – output one hour- input Input efficiency: He produ...