Delegation can be one of the most critical skills of effective management. Delegation is the downward transfer of formal authority from supervisor to subordinate. The employee is empowered to act for the supervisor‚ while the supervisor remains accountable for the outcome. Delegation of authority is a person-to-person relationship requiring trust‚ commitment‚ and contracting between the supervisor and the employee. Good delegation skills saves the supervisor time and energy to perform at a higher
Premium
Singapore‚ unlike many other larger countries‚ are lacking in natural resources. The main reason for Singapore’s growth and success today is largely due to good governance‚ encouraging the influx of foreign investments and development in various fields like engineering and manufacturing sectors. However‚ without the most important criteria to ensure economic success; the human population and workforce‚ Singapore would not have been able to achieve today’s standards as a first world country. Without
Premium Human resource management Human resources Management
workplace play a unique and vital role in the success or failure of a business. Their responsibilities are great in number and are continuously evolving to meet the growing needs of the employees and the communities they serve. In order to be effective‚ leaders must constantly strive to create a work environment conducive for team unity and collaboration (Llopis‚ 2012). Good leaders pride themselves on being visionaries with the ability to lead by example. They have a charismatic gift to inspire
Premium Leadership
Question 1 - Define Human resource planning (HRP)? Explain the objectives and process of HRP? Ans: Human Resource Planning (HRP) can be defined as the method of ensuring the right number of qualified people‚ in the right job at the right time to bring the results in an efficient and effective manner. HRP is a process by which an organisation ensures that it has the workforce management as per needs and they are capable of effectively and efficiently completing those tasks that help the organisation
Premium Management Future Time
Water resources should be nationalised If the rivers are Nationalized we can get a massive improvements of Agriculture over complete India and there will be more productivity and consumer will get all goods at very cheaper price and can export too. According to me nationalization of water resources has its own pros and cons. The brighter side promises reduced inter -state conflicts‚ lower exploitation by individual states‚ higher portion of water available to farmers and greater monetary
Premium Water Nationalization Privatization
With reference to a conflict over the use of a local resource that you studies‚ discuss the extent to which all interest groups involved can be satisfied with its outcome (40 marks) Introduction: Definition of a conflict Disagreement caused by the actual or perceived opposition of needs‚ values‚ and interests between people. Examples of local resources Land‚ water‚ objects… Briefly explain why some interest groups can be satisfied with the development Gives jobs (economics)‚ makes country look
Premium London Million World's busiest airports by passenger traffic
Energy Resources and their Uses in Producing Electricity Renewable energy is energy drawn from natural processes that are restored quicker than they are used up‚ some renewable energy resources are biomass‚ food‚ wind‚ waves‚ flowing water‚ solar and geothermal. The sun however‚ is known to be the ultimate energy resource since almost all energy resources originate from the sun’s energy. This is possible according to the law of conservation of energy which states that energy can’t be destroyed
Premium Fossil fuel Energy development Natural gas
Topic: Financial Markets A financial market is a market in which people and entities can trade financial securities‚ commodities‚ and other fungible items of value at low transaction costs and at prices that reflect supply and demand. Securities include stocks and bonds‚ and commodities include precious metals or agricultural goods. There are both general markets (where many commodities are traded) and specialized markets (where only one commodity is traded). Markets work by placing many interested
Free Economics Investment Supply and demand
following areas: Business plan‚ market research and pricing strategy. Investigation 1: Business plan. A business plan is a vital a business has a clear idea of what they are going to do- that’s what business plans are used for. You have to know why business use business plan and what it contains. From my own knowledge a business plan is a written document that describes your business. It covers things such as‚ strategies‚ sales‚ marketing and financial
Premium Management Scientific method Education
Assignment #1: “Fundamentals of Effective Communication in the Workplace” Shadiek Brown Bus100- Intro to Business DR. MARIA EMILIA GAMBUZZA November 11‚ 2014. Business Growth through Effective Communication In every business‚ effective communication is an essential part of business growth and success. Without effective communication‚ business performance would be hindered. There could be conflicts and misunderstandings. Misunderstanding could happen among employees‚ clients‚ and everyone else
Premium Communication Nonverbal communication Cross-cultural communication