Tag - meant

What is meant by productivity of resources ? Explain the importance of productivity in India.

Ans. Productivity is nothing but the reduction in wastage of resources. It may be defined as the ratio between output and input. Output means the amount produced or the number of items produced and inputs are the various resources employed, e.g., land and building, [...]

What is meant by centralization of authority ?

Ans. Centralization of authority means systematic reservation of authority at central points in an organization. Hence the majority of the decision regarding the work are taken only at higher levels and not by those who actually performs the work. Under centralization, all important decisions [...]

What is meant by project management ? Explain any one technique used for project management.

Ans. Project Management-  Project management is the planning, organizing, directing and controlling of company resources for a relatively short term objectives, which has been established to complete specific goals and objectives. Project management utilize the system approach to management by having functions preserved (the [...]

What is meant by project management ?

Ans. Project management is the planning, organizing, directing and controlling of company resources for a relatively short term objectives, which has been established to complete specific goals and objectives. Project management utilize the system approach to management by having functions preserved (the vertical hierarchy) [...]

What is meant by scientific management? Discuss briefly the main elements of scientific management.

Ans. Scientific Management- The term 'scientific management' was first used in U.S.A. in 1910 by Louis Brandies. As a process, it was first seen in U.K. in 1832 by Charles Babbage. Frederick W. Taylor was the first person who insisted on the introduction of [...]