Professional Documents
Culture Documents
Assignment-2 (Management Concept & Organizational Behavior)
Assignment-2 (Management Concept & Organizational Behavior)
Therefore it is very important that each and every person should get
right position in the organization so as to get the right job, according to
their ability, talent, aptitude, and specializations so that it will help the
organization to achieve the pre-set goals in the proper way by the
100% contribution of manpower. Thus it can be said that it is staffing is
an essential function of every business organization
Following are some of the points of importance of staffing
1. Finding proper resources: Staffing performs a very important role
of finding the best resource necessary for conducting the day to day
operations of the business. In other words, staffing is the process of
finding out the qualified resources for performing the various
functions of the business.
2. Facilitates control: An organisation where the staff are well
trained in their respective jobs will result in better control and also
better performance for the organisation. This reduces deviations in
workflow and ensures smooth functioning of the business.
3. Improved performance: Since the staffing process is all about
selection of the right person for the right position, it greatly impacts
the business performance by reducing the turnaround time.
4. Provides motivation: By recognising the talent of the employee
various financial and non-financial incentives can be provided by
management. It will keep the employee motivated to provide the
best effort towards the improvement of organisational performance.
5. Reduction in cost of production: Staffing selects the appropriate
candidate for the job role which results in reducing cost of
production and also improves revenue of the organisation.
Recruitment
A process of actively searching and hiring applicants for a
job role is known as recruitment.
Selection
A process of choosing suitable applicants from the
shortlisted candidates is known as selection. It is an
important process that helps the HR to identify the
difference between qualified and unqualified applicants.
5 It is the first step towards the It is the second step towards the
hiring process. hiring process.
It is a negative process
It is a positive process as it eliminates more
as it stimulates people people than selecting
Nature to apply for a job. them.
Controlling-
Definition: Control is a primary goal-oriented function
of management in an organisation. It is a process of comparing the
actual performance with the set standards of the company to ensure
that activities are performed according to the plans and if not then
taking corrective action.
Budgetary Control
Standard Costing
Financial Ratio Analysis
Internal Audit
Break-Even Analysis
Statistical Control
Budgetary Control
Budgeting simply means showcasing plans and expected results using
numerical information. As a corollary to this, budgetary control means
controlling regular operations of an organization for executing
budgets.
Standard Costing
Standard costing is similar to budgeting in the way that it relies on
numerical figures. The difference between the two, however, is that
standard costing relies on standard and regular/recurring costs.
Under this technique, managers record their costs and expenses for
every activity and compare them with standard costs. This controlling
technique basically helps in realizing which activity is profitable and
which one is not.
Internal Audit
Another popular traditional type of control technique is internal
auditing. This process requires internal auditors to appraise
themselves of the operations of an organization.
Generally, the scope of an internal audit is narrow and it relates to
financial and accounting activities. In modern times, however,
managers use it to regulate several other tasks.
Break-Even Analysis
Break-even analysis shows the point at which a business neither earns
profits nor incurs losses. This can be in the form of sale output,
production volume, the price of products, etc.
Statistical Control
The use of statistical tools is a great way to understand an
organization’s tasks effectively and efficiently. They help in showing
averages, percentages, and ratios using comprehensible graphs and
charts.
Managers often use pie charts and graphs to depict their sales,
production, profits, productivity, etc. Such tools have always been
popular traditional control techniques.
2] Setting Objectives
This is the second and perhaps the most important step of the
planning process. Here we establish the objectives for the
whole organization and also individual departments. Organizational
objectives provide a general direction, objectives of departments will
be more planned and detailed.
Objectives can be long term and short term as well. They indicate the
end result the company wishes to achieve. So objectives will percolate
down from the managers and will also guide and push
the employees in the correct direction.
3] Developing Premises
Planning is always done keeping the future in mind, however, the
future is always uncertain. So in the function of management certain
assumptions will have to be made. These assumptions are the
premises. Such assumptions are made in the form of forecasts, existing
plans, past policies, etc.
These planning premises are also of two types – internal and external.
External assumptions deal with factors such as political
environment, social environment, the advancement of technology,
competition, government policies, etc. Internal assumptions deal with
policies, availability of resources, quality of management, etc.
4] Identifying Alternatives
The fourth step of the planning process is to identify the alternatives
available to the managers. There is no one way to achieve the
objectives of the firm, there is a multitude of choices. All of these
alternative courses should be identified. There must be options
available to the manager.
Training Process-
Needs Assessment-
The first step in the training process is to assess the need for training
the employees. It analysis what are the long term requirements of
the organization and what does the organization expects from the
employees.