"Management is about human beings. Its task is to make people capable of joint performance, to make their strengths effective and their weaknesses irrelevant." - Peter F Drucker
Posted by admin in Major Management Concepts on 25. Jun, 2010 | 0 Comments
Scientific management is the first coherent theory of administration put forward by Frederick Winslow Taylor. In 1911, he published his work, ‘The Principles of Scientific Management’. It is a theory of management that analyzes and synthesizes workflows, with the objective of improving worker productivity. Almost one hundred years after its publication, this theory continues to [...]
“Accuracy” and “precision” are related but not identical concepts, and the difference between the two is important to estimation. Accuracy of a measurement system is the degree of closeness of measurements of a quantity to its actual (true) value. The precision of a measurement system, also called reproducibility or repeatability, is the degree to which [...]
GE’s Jack Welch Named Manager of the Century. Culminating its look back on the century in business, FORTUNE magazine has named automobile giant and entrepreneur Henry Ford Businessman of the Century-beating out runner-up Bill Gates of Microsoft-and has chosen General Electric’s Jack Welch Manager of the Century. Ford was among four finalists chosen from a [...]
Some entrepreneurs came into limelight recently with their big success stories. The small number of these big success stories in entrepreneurship gives a feeling that entrepreneurship is new in India. There could be nothing further than the truth. The reality check – Is entrepreneurship new? From the independence period, self-employment existed as #1 employer in [...]
Though Roman Centurions have a history of more than 2100 years, they practiced many management concepts that are required for managers even today. The Romans created a concept of how a manager should be chosen, how to lead a team and other important characteristics of being a manager. Management lessons from Centurions are broadly applicable [...]
James B. Stockdale was one of the highly respected Vice admiral in the history of United States Navy. He set a remarkable example and won many awards for his high levels of spirit, courage and endurance. He was also Vice Presidential candidate in 1992. James Stockdale was prisoner of war from September 9, 1965 to [...]
Soft skills refer to the personality traits, friendliness, social graces, and facility with language, personal habits and optimism that mark people to varying degrees. Soft skills are needed for everyday life as much as they are needed on work. One individual may not possess all the soft skills such as interpersonal, informative, convincing and negotiation, [...]
