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Management by Objectives

Decision making | Jan 14, 2011

The concept of 'Management by Objectives' was given by Peter Drucker in 1954.It is the process in which the manager and the employee agree upon a set of specific objectives and jointly develop the plan for reaching them. The objective must to be clear and achievable within the given time period.

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Benchmarking

Decision making | Jan 14, 2011

Benchmarking is the process of comparing the cost, cycle time, productivity, or quality of a specific process or method to another that is widely considered to be an industry standard or best practice.

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Decision Making

Decision making | Jan 14, 2011

Decision making is the study of identifying and choosing alternatives based on the values and preferences of the decision maker.

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14 principles for management by W Edward Deming

Decision making | Jan 14, 2011

Edward Deming listed fourteen points that helps in improving the effectiveness of the business.

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Hierarchy of needs

Decision making | Jul 29, 2011

Maslow's hierarchy explains human behavior in terms of basic requirements for survival and growth. These needs are arranged according to their power to motivate the individual.

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