Management

Selection Process – Steps & Explanation

Selection methods determine whether or not the qualifications of a job applicant are in accordance with the job requirements. The methods of selection evaluate the performance of the job applicants. Selection methods (application blank, selection tests, interviews, medical examination, reference check), which when used in a proper sequence constitute a selection process.

Selection Process – Steps & Explanation Read More »

What is E-Recruitment? Meaning, Advantages & Disadvantages

Due to faster means of information technology, the management of most companies prefers online recruitment, also called e-recruitment or internet recruitment. It helps in keeping a record of job seekers and is very popular among them as it quickly receives their resumes and reviews them, and a response is sent through e-mail. The whole scenario

What is E-Recruitment? Meaning, Advantages & Disadvantages Read More »

What is Succession Planning? Meaning, Definition, Characteristics & Types

Succession planning is the process of filling future vacancies in the organization. It is a continuation of leadership which includes identifying the candidates best suited for the post of future leaders and preparing them for the responsibilities of that post. The main purpose of this planning is to select suitable person for filling the vacant

What is Succession Planning? Meaning, Definition, Characteristics & Types Read More »

What is Profit Maximization? Definition, Meaning, Features & Limitations

Profit maximization is the traditional and narrow approach. As per traditional theories, maximization of profit is considered to be the sole objective of a business organization. This theory is also called as cashing per share maximization. As per the requirement of the firm, the product price and output are placed under competition to maximize profit. Profit

What is Profit Maximization? Definition, Meaning, Features & Limitations Read More »