Indifference Curve

Indifference Curve – Definition, Schedule & Properties

The Indifference Curve Analysis approach was first introduced by Slutsky, a Russian Economist in 1915. Later it was developed by J.R. Hicks and R.G.D. Allen in the year 1928. What is Indifference Curve? Koutsoyiannis (1985) defines the indifference curve as the locus of points particular combinations or bundles of goods which yield the same utility …

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Objectives of management

Objectives Of Management

OBJECTIVES OF MANAGEMENT In this article, you”ll learn the Objectives of management, Importance of management to modern day organization, and differences between Management and Administration. Feel free to leave a comment or questions below. The main objectives of managements are: To get maximum results with minimum efforts for the betterment of employers, employees, and the …

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AOC – Human Capital Management

AREA OF CONCENTRATION (AOC) ON HUMAN CAPITAL MANAGEMENT (HCM) Be able to differentiate between each of them with a concrete and eye-catchy definition. Download PDF What is Human Capital? Functions of HCM. Importance of HCM. Objectives of HCM. Qualities of HCM. Define Compensation? Factors that determine compensation. Importance of compensation to employees. What is Man Power …

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Bureaucracy – What Is Bureaucracy?

This article is an overview of Bureaucracy. After reading through, you will be able to define Bureaucracy according to different scholars. In this summary, you will also learn the features of Bureaucracy, merits, and demerits of Bureaucracy. Bureaucracy Max Weber a German sociologist define bureaucracy as the administrative system which is organized rationally, impersonally and …

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Management Functions

In this articles, you will learn the four traditional functions of management and also the management function propounded by HENRI FAYOL AND LUTHER GULLICK. FUNCTIONS OF MANAGEMENT The four traditional functions of management are planning, organizing, coordination, and controlling. Planning: This is the first traditional function of management. Planning involves looking ahead and mapping out …

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