Quality, TQM, Important Principles of Total Quality Management (TQM)

Description of quality, Total Quality Management (TQM), Important Principles of Total Quality Management

 Quality
Quality is defined as the standard; let’s say standard of something measured against other things of similar kinds. It could be termed as the degree of excellence of something. It is a sense of appreciation that a product or service is better than others. One can perceive quality by elements like performance, conformance, reliability, durability, serviceability, aesthetics and perceptions.

Importance of MIS (Management Information System) | Role of MIS

Importance of Management Information System (MIS) | Roles of Management Information System (MIS)

Importance of MIS (Management Information System)

 1) Satisfaction of needs

Management Information System (MIS) helps to define the diverse needs through variety of systems such as query system, analysis system, modeling system and decision support system. Through highly systematic and processed data from different system, satisfies the needs of various departments of the organization.

Objectives of MIS (Management Information System) With it's Definition

Brief Description of MIS | Objectives of MIS

Management Information System (MIS)
Management Information System is defined as the formal method of collecting required information in summarized form. It is concerned with providing systematic and analytical information to all levels of managers and supervisors. It can also be defined as the scientific way of collecting; processing, storing, and communicating information relating to the various activities of an organization to the various levels of management so that management may be facilitated in discharging its functions efficiently and run the organization in an efficient manner for the betterment of all. With the help of provided information to the managers, there is possibility of taking right decision at the right time.

Importance of Leadership | Why leadership is essential? | Brief Explanation

Explanation of Leadership | Importance of Leadership

Leadership

Leadership is the ability or art of an individual/group of individuals to lead, guide or influence and inspire other group of people or an organization. It requires skills with clear vision, ability to communicate the vision to team members, ability to organize in an effective and efficient manner, inspire in accordance with requirements. Organization needs strong leadership and management to achieve maximum possible effectiveness out of the available human and other resources.

Benefits or Advantages of Human Resource Management (HRM)

Why is it important to study human resource management? | Benefits of human resource management

Advantages of Human Resource Management (HRM) 

1) Assists in evaluation of HR Policies 

Human resource policies are continuing guidelines on the approach an organization intends to adopt in managing its people. It represents specific guidelines to HR managers on various matters concerning employment and state the intent of the organization on different aspects of HRM such as recruitment, promotion, compensation, training, selections etc. The premise of strategic HRM is that the company’s policies and procedures related to employees should fit into the organization’s broader strategic plan. Development of these links between HR and strategy helps organization to evaluate its current HR policies and to replace outdated or inefficient policies with ones that promote a better workplace environment and employee relations. 

Most Important Characteristics of Human Resource Management (HRM)

8 Most Essential Characteristics of Human Resource Management (HRM)

Human Resource Management (HRM) 

Human resource management is the managerial function in the organization, that deals with issues related to people such as compensation, hiring, performance management, organization development, safety, benefits, employee motivation, communication, administration, and training. It is management process which brings people and organization together so that common and predefined goals are achieved.

Difference between Strategic Management and Strategic Planning

Compare and Contrast Strategic Planning with Strategic Management / Distinguish between Strategic Management and Strategic Planning

Strategic Planning 

Strategic Planning is defined as a systematic process or organization’s process of envisioning a desired future, and translating this vision into broadly defined goals or objectives and sequence of steps to achieve them. It is an organizational management process activity that is used to set priorities, focus energy and resources, strengthen operations, ensure that employees and other stakeholders are working toward common goals, establish agreement around intended outcomes and assess and adjust the organization’s direction in response to a changing environment. In process of strategic planning, the planner should ask to himself/herself that “What must be done here to reach the higher stage?” and “What must be done at the lower stage to reach higher stage?”. This makes the plan more strategic and drastic.