1. Division of labour is a process of dividing
the
responsibilities
within
the
organization in order to achieve the daily,
weekly and monthly target, designed by
the organization.
2.
The Process of Division of Labour has become
part of human life after following the activities
pattern learned from the study of other spices
such as Monkeys and bees. Through the study
man has learned the best and quickest way to
complete the workload successfully.
In an organization which is mainly into
business, each man has a written roles and
responsibility. When one fails to complete his
or her task, the other has to extra work, so there
is imbalance in the division of labour
3.
It is a fundamental knowledge of a particular
skill set. For an example an Individual who
qualifies and gets certified in Petroleum and
Gas refinery Engineering, is expected to have
core competency in Refinery Process. More
over, companies do have core competency in
the market place that always stand first among
the competitors. But the core part is understood
as the Individual has a strong basis than a
company.
4. Key performance indicators is also known as KPI
and KSI Key success indicators is used to
evaluate business data against business goals.
One needs to understand the data sources used in
KPIs and need to learn to configure those data
sources in KPI.
Some Key Performance Indicators.
1. Each business has its Key performance
indicators percentage of its income comes
from the returning customers.
5. 2. The number of clients visited in the current
year are the Key performance indicators of a
social service organization.
3.Graduation results of the students are the Key
performance indicator of a performance of a
School.
Any selected Key performance Indicators must
reflect in the success rate of the goals set by an
organization.
6.
Operation management is mainly focused on
managing production, distribution and
services. Business operations such as designing
and redesigning in the production of goods
and services are concerned with operation
management. It is the responsibility of
operations management to ensure that business
Operations are efficient when using the little
resources needed and effective when meeting
the customer requirements.
7.
It is focused on the entire organization rather
than the production and service, In other
words, the operations management has the
control over all the acts done in the
organization.
8.
It is normally understood as acceptance of
diversity of opinions. It is an ability of
accepting others in terms of
social, ethnic, cultural and religious
differences, provided they do not violate the
fundamental human rights.
Tolerance in management
It is an acceptable and non acceptable
deviations from what is expected
9.
It is defined as designing a product of a
company in to an image that occupies a distinct
place in the markets mind.
Each product has its own competitors
according to their nature of products, yet only
a few products have occupied our mind. For an
example when we think about some brands a
few names come to our mind. Xerox or Cannon
comes to our mind as we think of photocopies.
10.
Positioning is one of the main tools for the
marketers as it requires a holistic approach.
Positioning is a perception as a customer
perceives our product or brand, so that is all
about positioning.
11.
1. Attmand Managerial Economics, 2007. New
delhi.India
2.P.G Aquinas, Principles of Management and
Organizational Behaviour, 2007.New Delhi.
3.www.quickmba.com