Professional accountants are often employed in a managing as well as an accountancy capacity. This requires an understanding of the responsibilities and duties of a manger and of the lower level of management, that of supervision. The duties of a Read more
Drawbacks of control systems Game playing People look at controls as something to be beaten. Many people look at rules and regulations as things to circumvent, the budget is frequently a version of ‘pad the budget,’ tax forms are never Read more
b) The validity of the Peter Principle in Modern Management Practices According to Dr. Peter, work is accomplished by those employees who have not reached their level of incompetence. Thus we can see why organizations still function even as the Read more
“The leader is more important than the followers as the key to an organization’s success” Good leaders are made not born. If you have the desire and willpower, you can become an effective leader. Good leaders develop through a never-ending Read more
Advantages of Group Decision Making i. Use of groups in decision making tends to lead to higher quality decisions that a single individual working alone might have obtained. ii. More information is available to the group than is available to Read more
The key qualities of a good corporate vision: The corporate success depends on the vision articulated by the chief executive or the top management. For a corporate vision to have any impact on the employees of an organization: i) It Read more
CORPORATE MISSION,VISION AND CORE VALUES Corporate Mission: A mission statement is an organization’s vision translated into written form. It makes concrete the leader’s view of the direction and purpose of the organization. For many corporate leaders it is a vital Read more
The “Peter Principle” The Peter Principle concept was introduced by Canadian sociologist Dr. Laurence Johnston Peter in his humoristic book of the same title. In his book, he describes the pitfalls of the bureaucratic organization witnessed during his extensive research Read more
Causes of conflict: – departmentalisation and specialisation – the nature of the work involved – formal objectives diverge from the objectives actually being pursued by – management or individual departments – individual roles are unclear – departmental and individual boundaries Read more
Proper disciplinary procedures are essential for harmonious relationships between management and staff. They are also increasingly a legal requirement and are important in a litigious society. A six step approach to disciplinary actions is recommended. The Informal Talk. If the Read more