"Aims And Objectives Of Compensation Management" Essays and Research Papers

  • Aims And Objectives Of Compensation Management

    Aims and objectives Aims The users for whom actuarial information is created can place a high degree of reliance on its relevance, transparency of assumptions, completeness and comprehensibility, including the communication of any uncertainty inherent in the information. Actuarial information addresses the needs of its users, is of high quality and supports good governance if it is: relevant, transparent and complete; and communicated comprehensibly. Relevant actuarial information makes effective...

    Actuary, Reliance Industries, Reliance Petroleum 692  Words | 3  Pages

  • Compensation Management

    Chapter # 1 Key Terms: ALLOWANCES~ Compensation to provide for items that are in short supply COMPENSATION~ All forms of financial returns and tangible services and benefits that employees receive as part of an employment relationship COST-OF-LIVING ADJUSTMENT~ Percentage increment to base pay provided to all adjustments employees regardless of performance EXTERNAL COMPETITIVENESS~ Comparison of compensation with that of competitors INCENTIVES (variable pay)~ Onetime payments...

    Behavior, Employment, Management 445  Words | 3  Pages

  • Compensation Management

    COMPENSATION MANAGEMENT ABSTRACT Compensation management highlights that communication is used by employers to deliver information about pay systems to employees. Although communication about pay systems is important, its effect on individual’s performance is vague when feelings of procedural justice are present in organizations. INTRODUCTION Human Resource is the most vital resource for any organization. It is responsible for each and every decision taken, each and every work done and each...

    Employee benefit, Employment, Employment compensation 1275  Words | 5  Pages

  • Management by Objectives

    Management by Objectives Motivating employees seems to be a challenge for managers - Discuss the advantages and disadvantages of the MBO program and provide at least one example to support your discussion. Goal-Setting Theories have evolved since the 50s and have an impressive documented literature. The Goal-Setting Theory addresses the issues that goal specificity, challenge, and feedback have on performance (Robbins, 2009, p185). Setting goals and motivating employees are always an important...

    Goal, Goal setting, Management 1208  Words | 5  Pages

  • Management by Objectives

    MANAGEMENT BY OBJECTIVES Management By Objectives (MBO), was first introduced by Peter Drucker in 1954 in his book, The Practice of Management. By 1960s and 1970s, MBO became the no 1 buzzword of management practices and some form of a panacea for management ills. Most importantly, MBO has, for the first time, introduced significant changes to the command-control top down management system practiced at that time. Not that the Command & Control company system did not have any goals and objectives...

    Goal, Human resource management, Management 1709  Words | 6  Pages

  • Aims and Objectives for a Successful Business

    BTEC First Certificate in Business Unit 1 Exploring Business Purposes Aims is something that a business wants to achieve. The business can set themselves goals and visions that can help them reach their aims. In order to achieve your aim you have to motivate yourself. This can be done by setting yourselves targets. These are known as objectives. By having aims and objectives businesses can set themselves up and know personally what they want to achieve from their business and identify...

    Business, Management, Need 667  Words | 4  Pages

  • Different Between Aims Objective

    Different Between Aims & Objective All businesses have aims they want to achieve. These are long-term plans, probably over the next three to five years. Businesses will probably want to focus on one or more of the following areas this includes: • Profit and Profit maximisation are privately owned businesses that aim to make profit, when some want to achieve maximum profit. • Survival is when a business is having a hard time making profit they will try and survive till a better time to come. • Break-even...

    Economics, Management, Private sector 823  Words | 4  Pages

  • Business Aims and Objectives

    Business Organisations Dear James, An aim is something they want to achieve. These can be long or short term plans, probably over the next three to five years. Businesses will probably want to focus on one or more of the following areas; profit and profit maximisation, survival, break even, growth, market share, service provision, develop their relationship with other businesses. SMART objectives is a mnemonic to guide people when they set objectives, often called Key Performance Indicators...

    Economics, Management, Marketing 625  Words | 3  Pages

  • Aims and Objectives of THE BODY SHOP.

    required to identify my chosen organisations objectives and aims. My chosen organisation is The Body Shop, its objectives and aims are diverse compared to other businesses that are on the markets for expansion and profitability. In this task I am going to consider the most common objectives and aims, in doing so, I will compare its objectives and aims to other businesses. Business objectives are the stated, measurable targets of how to achieve business aims. For instance, we want to achieve sales of...

    Profit, Want 801  Words | 3  Pages

  • Strategic Compensation Management

    Strategic Compensation Management: Aligning Compensation with the Business Goals and Objectives of the Organization Jasmine McCrary Compensation Management, Fall Semester 2009 Professor: Dr. Debra Sherrill Strayer University September 4, 2009 Executive Summary Compensation is the remuneration received by an employee in return for his/her contribution to the organization. It is an organized practice that involves balancing the work-employee relation by...

    Employment, Executive compensation, Management 1511  Words | 5  Pages

  • Management by Objectives

    Management by ObjectivesMBO Management by Objectives (MBO) Can be defined as a process whereby the performance goals and objectives are set by each subordinate in collaboration with his superior at the start of the appraisal period. MBO is a Process  A process consisting of a series of interdependence and interrelated steps:  The formation of clear, concise statements of objectives  The development of realistic action plans for their attainment,  The systematic monitoring...

    Evaluation, Goal, Management 433  Words | 7  Pages

  • Management by Objectives Mbo

    MANAGEMENT BY OBJECTIVES (MBO) What is Management by objective? * Management by objectives (MBO) is a systematic and organized approach that allows management to focus on achievable goals and to attain the best possible results from available resources. It aims to increase organizational performance by aligning goals and subordinate objectives throughout the organization. Ideally, employees get strong input to identify their objectives, time lines for completion, etc. MBO includes ongoing tracking...

    Employment, Goal, Management 1408  Words | 5  Pages

  • Compensation Management – Bus 409

    Assignment 2 Arlene Miller Professor Fitzpatrick Compensation Management – BUS 409 November 27, 2011 Describe the differences between job analysis and job evaluation and how these practices help establish internally consistent job structures. The differences between job analysis and job evaluation is, job analysis is a systematic process for gathering, documenting, and analyzing information in order to describe jobs. Job analyses describe content or job duties, worker requirements, and...

    Deductible, Disability insurance, Employment 1736  Words | 5  Pages

  • Management by Objectives

    Four essential steps in the management by objectives (MBO) process Management by objectives (MBO) is a system whereby managers and employees define goals for every department, project, and person and use them to monitor subsequent performance. Four major activities make MBO successful. MBO is result oriented. Emphasize the accomplishment rather than input. Encourage the participation at all level of organization that means collaborative, shared power and self management. A process consisting of...

    Goal, Goal setting, Intrinsic value 1017  Words | 4  Pages

  • Marriot and Body Shop Aims and Objectives

    Marriott’s aims and objectives introduction Marriot is an international brand however the purpose of this controlled assessment, they will be my local business known as London Heathrow Marriott-LHM. Marriott is currently a private limited company (PLC) and has two other private investors as owners of the company. The Marriott hotel was founded in 1993 and is located in Harlington, Hayes. Currently its labour turnover for the month of September (2010) is an increase of 10.1%. Marriott acquires...

    Corporation, Customer, Islamabad Marriott Hotel bombing 733  Words | 3  Pages

  • Aims and Objectives 2

    AIMS AND OBJECTIVES NOW THAT YOU HAVE SELECTED YOUR RESEARCH TOPIC, THE NEXT STAGE IS TO BEGIN DESIGNING AND PLANNING YOUR RESEARCH PROJECT. THE PRIMARY FOCUS OF YOUR RESEARCH PROJECT IS USUALLY EXPRESSED IN TERMS OF AN AIM AND OBJECTIVES (3) WHAT ARE AIMS & OBJECTIVES? AN AIM IS A GENERAL STATEMENT, WHICH REFLECTS THE INTENTION OR PURPOSE OF YOUR CHOSEN AREA OF RESEARCH. AN OBJECTIVE IS A SPECIFIC STATEMENT RELATING TO THE DEFINED GOAL / AIM OF YOUR RESEARCH. IT IS NOT UNCOMMON TO HAVE...

    Alcoholism, Binge drinking, Drinking culture 603  Words | 3  Pages

  • Organizational Objectives and Total Compensation in Different Markets

    Organizational Objectives and Total Compensation in Different Markets Kelsie Kingston HRM/324 April 18, 2015 Dr. Linda Begley Organizational Objectives and Total Compensation in Different Markets Total compensation encompasses all of the resources available to employees such as money, benefits, and services that reward the employee for their services with the company (Virginia Tech). A total compensation package covers may aspects such as extrinsic and intrinsic compensation. Extrinsic compensation...

    Affirmative action, Discrimination, Employment 757  Words | 5  Pages

  • Marketing Planning Aims and Objectives

    Behind the corporate objectives, which in themselves offer the main context for the marketing plan, will lie the "corporate mission," which in turn provides the context for these corporate objectives. In a sales-oriented organization, the marketing planning function designs incentive pay plans to not only motivate and reward frontline staff fairly but also to align marketing activities with corporate mission. The marketing plan basically aims to make the business provide the solution with the awareness...

    Management, Marketing, Marketing plan 1980  Words | 6  Pages

  • Business Aims and Objectives

    organisations need aims and objectives. (P1) Every organisation needs to set aims and objectives to be able to run the business more easily and effectively. Objectives are more like goals, it’s more realistic than aims. Objectives are far more sensible and achievable. Aims are what an organisation wants to achieve. These are long-term plans, probably over next 3 to 5 years. This allows the business to move forward. Objectives set out how the organisation will meet their aims. 2. Describe...

    Charitable organization, Management, Mission statement 846  Words | 3  Pages

  • Aims and Objectives of Teaching English

    Aims and Objectives of Teaching English .Unit-1.B Unit-1 Sub point-B Note: Here i place the reading material of the topic taught by Kindly go through this for the external exmanitation. A] Aims and objectives of teaching English at secondary level The following are the main objectives of teaching English at secondary level. 1. To develop knowledge and understanding of Grammar. 2. To develop abilities to make use of the grammar in own writing English. 3. To understand the meaning of...

    Dialect, Education, English language 794  Words | 3  Pages

  • Management by Objectives

    MANAGEMENT BY OBJECTIVES (MBO) is a practical application of the reasoning behind the notion of goal-setting theory. MBO is a process in which employees participate with management in the setting of goals or objectives. An essential feature of an MBO program is that it involves a one-on-one negotiation session between a supervisor and subordinate in order to set concrete, objective goals for the employee’s performance. During the session a deadline is set for the measurement of accomplishment, and...

    Goal, Heterarchy, Hierarchy 1207  Words | 4  Pages

  • Management by Objectives Report

    (Project management: Case Studies Harold Kerzner, (2006). John Wiley and Sons) Management by objectives This technique allows all parties, the project manager, the functional manager, and the employee, to share and to participate in the appraisal. It epitomizes the systems approach since it allows for objectives modification without undue or undeserved penalty to the employee. Finally, it uses objective data and downplays subjective data. Advantages emphasis on results rather than on...

    Concept of the Corporation, Goal, Harvard Business Review 2206  Words | 7  Pages

  • Assignment 1 Compensation Management

    Assignment 1 Arlene Miller Professor Fitzpatrick Compensation Management – BUS 409 October 30, 2011 Describe the three main goals of compensation departments. The compensation department’s main goals are: internal consistency, market competitiveness, and recognition of individual contribution. Internal consistency compensation defines the value of each job among all jobs in a company. This represents the hierarchy of the set of jobs. Companies use a simple but fundamental principle for building...

    Contextual, Employment, Employment compensation 1079  Words | 3  Pages

  • The Aims and Objectives of a Business

    Aims and Objectives: Long term objectives: * To always be the first choice of customers * To make sure that customers stick with primark and should not opt any other store that is competitor of primark * The business within the organization will always be customer centric. * The remain the leader of the market all the way * To train all the employees up to international standards and let them aware of customer relationship management. * To train the employees for managerial...

    Goal, Object, Procurement 1170  Words | 4  Pages

  • Cash Management Objective

    1. OBJECTIVES OF CASH MANAGEMENT: for Working Capital - Scribd www.scribd.com/doc/.../OBJECTIVES-OF-CASH-MANAGEMENT 9 Mar 2011 – Working Capital Management At Kirloskar Pneumatics Co. Ltd. By Rajesh Menon > OBJECTIVES OF CASH MANAGEMENT: I. To meet the ... 2. [PDF]  CASH MGMT BOOK NEW - Financial Manageme mba answer Sunday, April 5, 2009 What are the objectives of cash management? Answer "Cash Management" =) Cash management is a broad term that refers to the collection, concentration...

    Cash, Cash flow, Cash management 1823  Words | 7  Pages

  • compensation

    1) Briefly describe the company you researched, its compensation strategy, best practices they are applying, and compensation-related challenges they are facing. Marriott International, Inc.-formed in 1993 when Marriott Corporation split into two separate companies-is the world's leading lodging and contract services company. Marriott International has two operating groups: Marriott Lodging, which generates about 60 percent of company revenue, and the Marriott Service Group, its contract services...

    J. W. Marriott, Jr., J. Willard Marriott, J. Willard Marriott Library 1643  Words | 7  Pages

  • Aims and objectives of oxfam and vodafone

    Introduction In this booklet I am going to be comparing two different businesses; Oxfam and Vodafone. I will be talking about their different aims and objectives, the main business activities and their Vision and Mission statements. I will explain the links between these and why a business should have aims and objectives and in the end I will develop SMART aims and objectives for Vodafone. Background of Businesses Oxfam The name Oxfam comes from the Oxford Committee for Famine Relief founded in Britain...

    Cycle of poverty, Fair trade, Famine 1275  Words | 5  Pages

  • Performance Management and Executive Compensation:

    Performance Management and Executive Compensation: Ethical Challenges and Agency Issues Introduction In the history of modern economies, from the late 1800s to today businesses have faced ethical challenges regarding compensation for executives and its relation to job performance. In response to major economic crises during the 20th century, the United States enacted broad-based legislation measures as attempts to prevent what were seen as ethical challenges and agency conflicts surrounding...

    Enron, Ethics, Steve Jobs 1620  Words | 5  Pages

  • Business Aims and Objectives

    have some unstated aims or objectives - for example to survive for the first year. Other businesses may wish to state exactly what they are aiming to do, such as Amazon, the Internet CD and bookseller, who wants to “make history and have fun”. An aim is where the business wants to go in the future, its goals. It is a statement of purpose, e.g. we want to grow the business into Europe. Business objectives are the stated, measurable targets of how to achieve business aims. For instance, we want...

    Business, Economics, Management 772  Words | 4  Pages

  • Organizations Aims and Objectives

    fulfil the organizations aims and objectives. I will have to relate this task to two organizations. My two chosen companies are ASDA and Tesco. First I will describe what aims, objectives and functional areas are. I will then describe four functional areas. Finally I will set two targets for each company and describe how functional areas contribute to achieve these two objectives. Definition of: Aims are long term goals. Aims can be achievable through objectives. An aim is where a business wants...

    Asda, Customer, Customer service 761  Words | 3  Pages

  • M1 Stakeholders, Aims & Objectives

    M1. Explain the points of view of different stakeholders seeking to influence the aims and objectives of two contrasting organisations. A stakeholder is anyone who is interested in the success of an organisation, and often the stakeholders have a large influence on the business’s aims and objectives. In this assignment I will be explaining why stakeholders would be interested in a company’s aims and objectives and why each stakeholder would be interested in my two chosen organisations joining...

    Customer service, Gillingham, Dorset, Management 1272  Words | 3  Pages

  • Aims and objectives of businesses

    In this assignment aims and objectives of five different businesses will be looked at. I will also be writing a report at purposes of a business if they’re growing? Surviving? Selling things? Or services? And finally providing a detailed study of one of the businesses. If it is meeting its aims and objectives or not, making a judgement overall by using evidences to back up my findings. P2: A report to describe the purpose of setting aims and objectives for different businesses. 1...

    British Heart Foundation, Business, Health care 1051  Words | 4  Pages

  • Human Resource Management: Compensation

    Career Development Plan IV Compensation InterClean is entering a new strategic target and upper management has asked for a proposed compensation plan purposely for the new sales team. Recommendations for the new compensation plan will be submitted to the human resource department manager for endorsement. The foundation of the new compensation plan was developed after reviewing the job analysis, training program, and performance management plan. The plan includes a description of the prepared proposal...

    Educational years, Employment, Fifth grade 1771  Words | 6  Pages

  • Mbo-Management by Objectives

    Management by Objectives (MBO) is the most widely accepted philosophy of management today. It is a demanding and rewarding style of management. It concentrates attention on the accomplishment of objectives through participation of all concerned persons, i.e., through team spirit. MBO is based on the assumption that people perform better when they know what is expected of them and can relate their personal goals to organizational objectives. Superior subordinate participation, joint goal setting and...

    Goal, Hierarchy, Management 2265  Words | 7  Pages

  • Performance & Compensation Management Annotated Bibliography

    Denrell, J., 2005, ‘Should we be impressed with High Performance?’, Journal of Management Inquiry, Vol. 14, No. 3, pp. 292-298. This article discusses the common assumption that high performing firms have efficient management and organisational processes thus differentiating themselves from lower performing firms. The article argues that this actually may not be the case and that high performance in firms may actually be the outcome from several variables such as: economic factors; luck; risk...

    Balanced scorecard, Human resource management, Management 1228  Words | 4  Pages

  • Compensation

    FLORES, NASTASSJA NICOLE J. 2LM2 Compensation is a methodical approach to provide monetary value, financial return, tangible services and other benefits that the employees received as part of their employment relationship. There are 2 types of compensation that can be given to the employees; monetary and non-monetary. Monetary includes wages, salaries, bonuses, insurance plans, social assistance benefits and paid absences. Non-monetary involves meaningful and challenging works, recognition...

    Collective bargaining, Employment, Labour economics 693  Words | 3  Pages

  • marketing aims & objective

    Topic 18: A review of the marketing strategy of an organization and its effectiveness. Part 1 - Project Objectives and overall Research Approach 1.1 Project Topic My topic selection for this project is Topic 18: A review of the marketing strategy of Starbucks and its effectiveness. The reason for choosing this topic was because of my deep interest in marketing and also to understand the different ways as to how a company can market their products successfully. I would like to also further analyze...

    Coffee, Coffeehouse, Marketing 868  Words | 2  Pages

  • COMPONENTS OF A COMPENSATION SYSTEM

    THE COMPONENTS OF A COMPENSATION SYSTEM :- Compensation will be perceived by employees as fair if based on systematic components. Compensation systems are designed keeping in minds the strategic goals and business objectives. Compensation system is designed on the basis of certain factors after analyzing the job work and responsibilities. Various compensation systems have developed to determine the value of positions. These systems utilize many similar components including  Job descriptions...

    Executive compensation, Management, Organization 986  Words | 4  Pages

  • COMPONENTS OF A COMPENSATION SYSTEM

    THE COMPONENTS OF A COMPENSATION SYSTEM :- Compensation will be perceived by employees as fair if based on systematic components. Compensation systems are designed keeping in minds the strategic goals and business objectives. Compensation system is designed on the basis of certain factors after analyzing the job work and responsibilities. Various compensation systems have developed to determine the value of positions. These systems utilize many similar components including  Job descriptions...

    Executive compensation, Management, Organization 986  Words | 4  Pages

  • Planning Facilitates Management by Objectives

    facilitates management by objectives. Planning begins with determination of objectives. It highlights the purposes for which various activities are to be undertaken. In fact, it makes objectives more clear and specific. Planning helps in focusing the attention of employees on the objectives or goals of enterprise. Without planning an organization has no guide. Planning compels manager to prepare a Blue-print of the courses of action to be followed for accomplishment of objectives. Therefore...

    Better, Forecasting, Future 935  Words | 4  Pages

  • Tesco Aims and Objectives

    profits and third-largest retailers in the world measured by revenues. Which it is the business that I have selected to carry out my investigations. Tesco According to the “Business Case Studies”, it has been mentioned that one of Tesco’s aim and objectives are to maximise sales. In order to do this, they will need to maintain their advertising and promotions to the public. For example, new products or services that are brought into the market needs to be advertised such as newspapers, leaflets...

    Asda, Customer, Customer service 1396  Words | 4  Pages

  • Objectives

    to make Virginia Tech a great place to work. HR Strategic Plan Goals and Objectives Goal One: Promote and enhance our competitive total rewards package to recruit and retain top talent. Objectives: Create a total rewards message to educate HR partners, hiring managers, and recruits on the total value of the Virginia Tech employment package Work closely with management to reinforce the need for competitive compensation for individuals Virginia Tech wishes to attract and retain  Fine tune benefits...

    Better, Collaboration, Employment 626  Words | 3  Pages

  • Bus 409 Compensation Management

    This paper will examine setting the stage for strategic compensation and bases for pay. There are three main goals of compensation departments: internal consistency, market competitiveness, and recognition of individual contributions. Internally consistent compensation systems define the relative value of each job among all jobs within a company. (Martocchio, pg. 22, 2011) With this system companies want employees to be paid more based on their qualifications and responsibilities. They believe...

    Company, Corporation, Employment 948  Words | 3  Pages

  • Organizational Objectives And Total Compensation In Different Market1

     Organizational Objectives and Total Compensation in Different Markets HRM/324 Total Compensation Organizational Objectives and Total Compensation in Different Markets Total compensation plays a significant role for a Human Resource consultant as it the key objective for the company to provide knowledge of laws and regulation that effect compensation. It is crucial for one to understand how to apply these laws and regulations in the overall plan that a company offers in regards to...

    Biotechnology, Employment compensation, Flexible spending account 855  Words | 5  Pages

  • Management and Smart Objectives

    Leadership. Differs from management? Example of managers. Control. Fayol More to juggle than I realised. Too quick to judge, will change now. SMART. Useful in my life Example – pictures Task 1 The three ideas that I will discuss are: Leadership, if you are not a leader can you still be a manager. Also the idea of control interests me, how much of an impact it can have on every area of your life, both personal and professional. Finally, the idea of using smart objectives to achieve goals, having...

    Control, Essay, Leadership 1184  Words | 4  Pages

  • Roles and Objectives of Financial Management

    Financial Management: Roles and Objectives | | | |1. Planning |Identify and Manage Risks | | | | |2. Organizing |Adequate supply of funds ...

    Banking, Corporate finance, Decision making 629  Words | 3  Pages

  • Organizational Objectives and Total Compensation in Different Markets

    Organizational Objectives and Total Compensation in Different Markets University of Phoenix HRM 324   Organizational Objectives and Total Compensation As a human resources consultant, instilling knowledge into organizations regarding laws affecting compensation plan is asked of frequently. BioTeq Industries is no different; it is a biotech company that is in need of help with their compensation plan. BioTeq is a federal contractor with an average...

    Affect, Affirmative action, Contract 611  Words | 3  Pages

  • Mbo - Management by Objectives

    theory of management by objectives. It emphasised the importance of corporate objectives as a tool to assist managers in the successful completion of their tasks and responsibilities. Peter Drucker believed that for a business to become successful, the activities of all of the workforce and management should be focused on a common goal. This meant that each individual in a business should be given targets or objectives that when combined would assist in achieving the corporate objectives of the business...

    Business, Goal, Management 1381  Words | 7  Pages

  • Objective of Sales Management

    Sales management entails numerous objectives which are executed by sales managers. There are mainly three such objectives 1. Sales Volume 2. Contribution to profits 3. Continuous Growth The sales executives in this case are the ones who help implement these objectives. However it is the top management who has to outline the strategies to achieve these objectives of sales management. The top management should provide products which are socially responsible and are marketed in a manner...

    Business, Cost of goods sold, Gross profit 1132  Words | 4  Pages

  • Aims and Objectives for Public and Private Sector

    Title: Business Objectives Contents Introduction: 3 Findings 3 Conclusion 5 References: 6 Introduction: Does business type have an impact on the aims and objectives that a business may make? This report will reveal and compare the aims and objectives of two businesses in two separate business sectors; Morrison’s (well known Supermarket chain) from the private sector and Warwickshire College for the public sector. Will the aims and objectives of these two companies...

    Finance, Government, Organization 840  Words | 4  Pages

  • Compensation Management Explain the need for designing of Compensation Policy. What is the importance of compensation system in business organization?

    establish and communicate clear principles by which employees are paid. At a minimum, organizations need to ensure that their compensation policy adheres to employment legislation. Policy guidelines should reflect the thinking, values, and basic strategies of the company, and they must be set consciously and thoughtfully by top management. Before setting compensation policies, management should address some basic policy questions:• How will jobs be valued (by content, skills required, etc.)?•How should pay...

    Employment, Human resource management, Management 1141  Words | 4  Pages

  • Aims and Objectives-Environmental Education

    consequences of local and global environmental problems and the necessary knowledge for their abatement and control. Thus, for a sustainable environment and for the survival of the present and future generations, environmental education is necessary. Aims and Objectives • To work for protecting and promoting healthy natural environment through various action programmes and environment awareness creation among and education of the people. • To work for healthy, neat and clean cities and urban environments ...

    Conservation movement, Ecology, Environment 842  Words | 3  Pages

  • What is Management by Objectives (MBO)? What are its advantages and disadvantages?

    Introduction The use of management objectives was first widely advocated in the 1950s by the noted management theorist Peter Drucker. MBO (management by objectives) methods of performance appraisal are results-oriented seeks to measure employee performance be examining the extent to which predetermined work objectives have been met. Usually the objectives are established jointly by the supervisor and subordinate. An example of an objective for a sales manager might be: Increase the gross monthly...

    Employment, Goal, Human resource management 920  Words | 5  Pages

  • The main strategic aim and objective fo

    The main strategic aim and objective for the nearest period is a dynamic development of the Bank and achievement of a qualitatively new level with the standards of the Basel Committee on Banking Supervision. The development strategy of the Bank is based on the components, which together will ensure strengthen of the financial and economic situation of the Bank and the preservation of its credibility with its customers. Main strategic aims of Joint Stock Commercial Bank «APABANK» (Closed Joint Stock...

    Corporation, Joint stock company, Legal entities 1006  Words | 6  Pages

  • Lesson Plan Celta Aims and Objective

    Intermediate E3 Lesson length: 40mins Materials: Cutting Edge Int p80 – p81 (ex 3) Aim(s): Practice vocabulary and speaking about things of importance. | | |Objectives: (by the end of the lesson learners will be able to/will have practised) | ...

    English language, International Phonetic Alphabet, Language 297  Words | 4  Pages

  • Main Objectives of Financial Management

    FINANCIAL MANAGEMENT The main objectives of financial management are:- 1. Profit maximization : The main objective of financial management is profit maximization. The finance manager tries to earn maximum profits for the company in the short-term and the long-term. He cannot guarantee profits in the long term because of business uncertainties. However, a company can earn maximum profits even in the long-term, if:- i. The Finance manager takes proper financial decisions. ii. He uses the finance...

    Bank, Economics, Finance 2397  Words | 7  Pages

  • Objectives Of Business

    What are the objectives of business? Every business enterprise has certain objectives which regulate and generate its activities. Objectives are needed in every area where performance and results directly affect survival and prosperity of a business. Various objectives of business may be classified into four broad catego­ries as follows: 1. Economic Objectives: Business is basically an economic activity. Therefore, its primary objectives are economic in nature. The main economic objectives of business...

    Business, Corporate social responsibility, Economic development 1454  Words | 5  Pages

  • Objectives of an Effective Management System

    operations research models of Processing, storing, retrieving and transmitting information to the users. A management information system (MIS) is a subset of the overall internal controls of a business covering the application of people, documents, technologies, and procedures by management accountants to solving business problems such as costing a product, service or a business-wide strategy. Management information systems are distinct from regular information systems in that they are used to analyze other...

    Decision support system, Decision theory, Executive information system 1671  Words | 5  Pages

  • Sales management Compensation and Morale Midterm

    Week 4 : Compensation and Morale Midterm ! Time Remaining: ! ! Page 1 - Essay ! ! ! Question 1. 1. (TCO A) How have customers' expectations of their sales rep and their role in the 21st century changed from those customer expectations of 30-40 years ago? (Points : 20) ! Question 2. 2. (TCO A) As a sales rep, you are required to develop an annual sales plan for your territory. What would you include in your plan? (Hint: think in terms of objectives, strategies, and...

    Consultative selling, Customer service, Marketing 435  Words | 3  Pages

  • Hrm Objectives

    Introduction Human resource management is an aspect of organisational management concerned with the management of an organisations workforce. It deals with issues such as compensation, hiring/firing, performance/motivation and training and development. It is the management of people/staff in order for them to make contributions to the objectives of the organisation. “HRM is the body of management activities and used in this way HRM is really no more than a more modern and supposedly imposing name...

    Human resource management, Human resources, Management 1493  Words | 4  Pages

tracking img