Friday, 8 September 2017

General Economics

National Income : Basic Concepts

1. Gross Domestic Product (GDP):

Human Resource Management

 Theory X & Theory Y

 Douglas McGregor created in 1960 . He avoided the descriptive words and the title theory X and theory Y. He has not implied that the workers, one or On the contrary, he sees both theories as two extremes - with a whole series of possible behaviors between. Theory X: (authoritarian management style) management created in theory - hypotheses X, signatures based on the carrot approach, which restrict through discipline and penetrate and create the stick.

Management Accounting

Responsibility accounting
Accountability accounting involves accounting and budgeting an internal company. The aim is to plan and control the responsibility of a company to visit centers such as departments and decentralized divisions.

Accounting is the preparation of the annual and monthly budgets for each account center. The reported reports represent the actual amounts for each budget item and the difference between the budget and the actual quantities. In the sense that the actual transactions of the company are classified by a responsible center, which creates a monthly report.

The liability account allows the company to have a manager's responsibility center to maintain the manager's performance in the monthly comments.

What is mutual fund ?

 Mutual fund

  Mutual fund which it manage professionally .

  The Asset Management Company (the Third tier) who manage (IM). The Asset management Company (AMC) which it is by appoint Trustees , to manage investor’s money. The AMC which it  fee charged  for the services provided and the investors fee is borne as it is deducted from the money collected from them. The AMC’s Board of Directors which they required  50% of Directors They are independent directors.

Security Analysis and Portfolio Management (SAPM).

 What is an IPO?
The IPO which it is as shares to the general public (initial public offering is the first issuance of a company's).It is called as primary market. The IPO shares which they are allowed in the stock market where they can be bought and sold. It is called secondary market. In other words, The IPO which it  is defined as an exercise the unlisted company makes either a fresh issue of securities or an offer for sale of its existing securities or both for the first time to the public. The shares which is allocated to the public is which do not constitute 100% by company's shares. some of the percentage is given to the public. Eventhough the company owner or the board of directors which they hold the majority of the shares.

Saturday, 1 July 2017

Decision Making by PETER DRUCKER (modern management) MBA

 1. What is Decision Making?

Decision-making is an essential aspect of modern management. It is a primary function of management. A manager's major job is sound/rational decision-making. He takes hundreds of decisions consciously and subconsciously. Decision-making is the key part of manager's activities. Decisions are important as they determine both managerial and organizational actions. A decision may be defined as "a course of action which is consciously chosen from among a set of alternatives to achieve a desired result." It represents a well-balanced judgment and a commitment to action.
It is rightly said that the first important function of management is to take decisions on problems and situations. Decision-making pervades all managerial actions. It is a continuous process. Decision-making is an indispensable component of the management process itself.

 Means and ends are linked together through decision-making. To decide means to come to some definite conclusion for follow-up action. Decision is a choice from among a set of alternatives. The word 'decision' is derived from the Latin words de ciso which means 'a cutting away or a cutting off or in a practical sense' to come to a conclusion. Decisions are made to achieve goals through suitable follow-up actions. Decision-making is a process by which a decision (course of action) is taken. Decision-making lies embedded in the process of management.According to Peter Drucker, "Whatever a manager does, he does through decision-making". A manager has to take a decision before acting or before preparing a plan for execution. Moreover, his ability is very often judged by the quality of decisions he takes. Thus, management is always a decision-making process. It is a part of every managerial function. This is because action is not possible unless a firm decision is taken about a business problem or situation.

About George Elton Mayo (Life time)

George Elton Mayo
George Elton Mayo, social theorist and industrial psychologist, was born on December 26, 1880 in Adelaide, Australia. In 1897 entered the University of Adelaide and finally to the University of Edinburgh where it tried three times to study medicine, discovered that it was not really his thing; So in 1907 he returned to the University of Adelaide where he studied philosophy and psychology. He graduated with was appointed professor in mental and moral philosophy at the University of Queensland. On April 18, 1913 in Brisbane he had married Dorothea McConnel.

The Harvard School appointed him associate professor in 1926 and professor of industrial research in 1929. There he joined research and designed on the personal and social factors that determine the production of work at the Western Electric Co.'s Chicago plant, These famous Hawthorne experiments were pioneering studies in modern social research. May was one of the most influential, though controversial, social scientists of his time.