Posts

What is organisational excellence

 The organization is an important element of the economy. It plays an important role in the development of the common man. There are many global features organizations possess. Organizational excellence is one of them. We know that organization is the place where many people work together according to predefined rules regulations to achieve a certain goal. There are many international norms, standards, and parameters that show the excellence of an organization. The organization that possesses all these norms, standards and parameters such as the type of organization is called the organization excellence. Nature- 1. It is a wide concept. 2. It is a global concept. 3. It is a formal concept. 4. It is a part of total quality management. Advantage-  1. It increases the production of an organization. 2. It helps to perform the function of an organization in an effective, efficient, and economical way. 3. It helps the organization to become a brand at the international level. 4. It helps to
Post a Comment
Read more

Charismatic leadership

Leadership is an important part of management that plays a vital role in the development and growth of the organization. Charismatic leadership is an important concept of leadership that is present and popular among all countries and continents in the world. The process in which God provides some extra features, merit, virtue to any person to use for the development of common man, community, society, and nation. This process is called charismatic leadership. Nature: 1. It is a natural part of leadership. 2. It is a universal part of leadership. 3. It belongs to the old civilization of the country and continent. 4. It has a miracle. 5. It comes one time in a century. Role: 1. To change the common man- There are many problems present in the life of the common man. These problems are food, shelter, cloth, education, medicine, and so on. The charismatic leader makes such type of policy, programs, ideas, vision to inspire concerned people to solve these types of problems. 2. To develop soci
Post a Comment
Read more

Ethical leadership

 There are many qualities managers possess. Leadership is one of the important qualities that is possessed by most managers. There are many forms of leadership. These forms are effective leadership, ethical leadership, etc. Among all forms, ethical leadership is one of the important forms of leadership that is popular in most countries in the world. There are many features of ethical leadership. These features are as below-1. Respect all - It is the feature of ethical leadership. Every leader meets many hundred people every day. He provides respect to every person who met him. After getting respect all persons who met became happy because they do not expect such type of respect so this feature makes a successful leader to ethical leader. 2. To serve maximum- It is the second feature of ethical leadership. Many hundred people go to leaders every day. Every person has a particular type of problem. Leaders listen to the problem of every suffered person and provide their best to solve thei
Post a Comment
Read more

Indirect tax

Tax is an important part of economy. There are two types of tax, direct tax and indirect tax. The tax that is collected by concern person, organisation and shared with state government. This type of tax is known as indirect tax. Example- GST, Sales tax, custom excise tax. Feature: 1. It is an important part of taxation. 2. It is an important source of revenue. 3. It is progressive.  4. It belongs to social development. 5. It may shift
Post a Comment
Read more

Financial investment

Every organization has a scarcity of finance whereas he has to perform many functions so he performs his financial activities like arranging, utilizing, expanding investing of finance by an effective efficient way to achieve the objective of the organization. Financial investment is part of financial management. The process in which the organization calculates the risk and selects one of the best alternatives that give a maximum return at minimum risk this process is called financial investment. In other words, we can say that financial investment is the process of utilizing our resources in such type of way that it gives a maximum return. This process is called financial investment.  Nature: 1. It is an internal function of a manager. 2. It is a financial function. 3. It is a risk-oriented function. 4. It is a forecasting-based function. 5. It is a scientific and systematic function. Objective: 1. Maximum utilization of finance- It is the first objective of financial investment. Every
Post a Comment
Read more

Leadership

 Every manager possesses many qualities. These qualities are honesty, sincerity, commitment, devotion, and leadership. Every quality is important and plays an important role to perform the function of the business effectively. Among all leadership is also an important quality that helps managers to inspire influence the human resource force towards their function and provide cent percent talent, knowledge, and skill for the development of the organization. The process in which human resource forces are attracted towards organizations and motivate them to provide their optimum strength for the development of the organization this process is called leadership.  Nature of Leadership - There are many natures of leadership These natures are as below:- 1. It is an internal feature. 2. It is present by born. 3. It is affected by many factors like family, society, school, college, institution, and so on. 4. It is a situational feature. 5. It may be positive or negative. 6. It may be formal or
Post a Comment
Read more

Concept and function of profit.

 Business is an important function of the economy. There are many objectives of the business. These objectives are Survival, Sale revenue maximization profit maximization, and so on. Every objective is important and organizations want to achieve it. Among all profits, maximization is also an important objective that an organization wants to achieve. Nature of profit :  1. It is an important part of the economy. 2. It is a financial approach.  3. It retains all many factors. 4. It is the field of the financial year. * Objective and Function : Profit is an important part of the business. There are many functions of profit performed. These function areas are below. 1. To increase production - It is the first function of profit. There are many elements of production. These elements are land, labor, raw material, finance, and so on. Profit gives us maximum finance ao it helps us to maximize the production of an organization.  2. Development - It is the second function of profit. Every organ
Post a Comment
Read more