Personality: Meaning and Determinants of Personality, Process of Personality Formation, Personality Types, Assesment of Personality Traits for Increasing Self Awareness
planning and characteristics of sound plan in managementIndraja Modem
Planning is deciding in advance what actions need to be taken, including when, where, how, and by whom, in order to achieve goals. It involves intellectual processes like forecasting, problem-solving, decision-making, and policy development. Effective planning is participatory, involving people at all organizational levels, and establishes priorities and strategies to transition from the current state to the desired future state.
Merger and Acquisition in Banking Sectorfarah khan
The document discusses mergers and acquisitions in the banking sector of Pakistan. It provides background on recent mergers driven by regulatory requirements to increase capital. Two specific mergers are analyzed: the 2006 merger of Standard Chartered Bank and Union Bank, and the acquisition of Faysal Bank. Financial analyses of profitability, capital adequacy, liquidity, and growth indicators are presented for both banks before and after the mergers, showing mostly declining performance after the mergers across ratios. The mergers aimed to create more efficient banks but financial analyses show the deals did not immediately improve bank performance.
This document discusses the scope of financial management. It outlines two traditional approaches: the traditional approach, which focused on procuring funds for occasional events, and the modern approach, which takes a more comprehensive view of both procuring and optimally using funds. The modern approach involves three key financial decisions: investment decisions, financing decisions, and dividend decisions. It takes a broader analytical view of maximizing performance and keeping a balance between liquidity and profitability. The scope of financial management also includes acquiring, assessing, allocating, appropriating, and anticipating funds for a company.
Financial management involves planning and controlling a company's finances to achieve its objectives. It is concerned with raising financial resources and using them effectively. The scope of financial management includes anticipating financial needs, acquiring funds from various sources, allocating funds to purchase assets, appropriating profits, and assessing all financial activities. Capital budgeting is the process of evaluating long-term investments and determining which investments are worth pursuing. There are various techniques used in capital budgeting such as payback period, net present value, internal rate of return, and profitability index. Working capital management involves managing current assets like inventory, accounts receivable, and cash as well as current liabilities to ensure the company can continue operating and meet short-term obligations.
The document discusses various aspects of financial management including its definition, scope, traditional and modern approaches, functions, objectives, and sources of finance. Specifically, it defines financial management as dealing with planning and controlling a firm's financial resources. It also discusses the functions of investment, financing, and dividend decisions and how financial management aims to maximize profit and shareholder wealth.
Personality: Meaning and Determinants of Personality, Process of Personality Formation, Personality Types, Assesment of Personality Traits for Increasing Self Awareness
planning and characteristics of sound plan in managementIndraja Modem
Planning is deciding in advance what actions need to be taken, including when, where, how, and by whom, in order to achieve goals. It involves intellectual processes like forecasting, problem-solving, decision-making, and policy development. Effective planning is participatory, involving people at all organizational levels, and establishes priorities and strategies to transition from the current state to the desired future state.
Merger and Acquisition in Banking Sectorfarah khan
The document discusses mergers and acquisitions in the banking sector of Pakistan. It provides background on recent mergers driven by regulatory requirements to increase capital. Two specific mergers are analyzed: the 2006 merger of Standard Chartered Bank and Union Bank, and the acquisition of Faysal Bank. Financial analyses of profitability, capital adequacy, liquidity, and growth indicators are presented for both banks before and after the mergers, showing mostly declining performance after the mergers across ratios. The mergers aimed to create more efficient banks but financial analyses show the deals did not immediately improve bank performance.
This document discusses the scope of financial management. It outlines two traditional approaches: the traditional approach, which focused on procuring funds for occasional events, and the modern approach, which takes a more comprehensive view of both procuring and optimally using funds. The modern approach involves three key financial decisions: investment decisions, financing decisions, and dividend decisions. It takes a broader analytical view of maximizing performance and keeping a balance between liquidity and profitability. The scope of financial management also includes acquiring, assessing, allocating, appropriating, and anticipating funds for a company.
Financial management involves planning and controlling a company's finances to achieve its objectives. It is concerned with raising financial resources and using them effectively. The scope of financial management includes anticipating financial needs, acquiring funds from various sources, allocating funds to purchase assets, appropriating profits, and assessing all financial activities. Capital budgeting is the process of evaluating long-term investments and determining which investments are worth pursuing. There are various techniques used in capital budgeting such as payback period, net present value, internal rate of return, and profitability index. Working capital management involves managing current assets like inventory, accounts receivable, and cash as well as current liabilities to ensure the company can continue operating and meet short-term obligations.
The document discusses various aspects of financial management including its definition, scope, traditional and modern approaches, functions, objectives, and sources of finance. Specifically, it defines financial management as dealing with planning and controlling a firm's financial resources. It also discusses the functions of investment, financing, and dividend decisions and how financial management aims to maximize profit and shareholder wealth.
The document discusses dividend policy and its various aspects. It defines dividend and explains the relevance and irrelevance concepts of dividend. It describes different approaches to dividend policy including the residual approach, MM model, Walter's approach and Gordon's approach. It also discusses determinants of dividend policy, types of dividend policies and forms of dividend including cash, stock and property dividends. The legal aspects of dividend payment are also summarized.
This document discusses four key finance decisions that businesses must make: funds required decision, financing decision, investment decision, and dividend decision. It provides details on each decision. The funds required decision involves estimating short-term and long-term capital needs. The financing decision is about acquiring funds and considers factors like cost, risk, and control. The investment decision relates to allocating funds raised and investing in assets. The dividend decision is about distributing profits to shareholders versus retaining earnings. Multiple factors influence each of these important financial decisions companies must undertake.
This document discusses the concepts of finance, financial management, and the objectives of financial management. It provides an overview of the evolution of financial management from traditional to modern approaches. The key functions of financial management - investment, financing, dividend and liquidity decisions - are explained. Both profit maximization and wealth maximization are discussed as objectives of financial management, along with their respective advantages and disadvantages.
The document discusses various topics related to finance including the meaning of finance, history of finance, types of finance (public, private, personal, corporate), and details about public finance, private finance, corporate finance and personal finance. Specifically, it notes that finance involves the study and process of acquiring funds and is separated into personal, corporate and public subcategories. It also provides histories and definitions for each type of finance.
The document discusses management accounting, including its definition, objectives, functions, scope, and limitations. It defines management accounting as the presentation of accounting information to assist management in policymaking and day-to-day operations. The objectives include promoting efficiency, interpreting financial statements, and allocating responsibility. The functions of management accounting include forecasting, organizing, controlling, analysis, and communication. A management accountant assists management by preparing budgets and reports, interpreting financial data, and ensuring compliance.
Operational and financial control techniquesSusmi Harsha
This document discusses various operational and financial control techniques used by managers. It begins by defining control as measuring and correcting performance to ensure objectives are met. It then separates control techniques into financial and operational categories. Some key financial techniques discussed include budgeting, cost accounting, ratio analysis, break-even analysis, and internal/external auditing. Operational techniques addressed include personal observation, Gantt charts, responsibility accounting, and management audits. The document provides details on how each technique works and its purpose in helping managers monitor and improve organizational performance.
The document discusses centralization and decentralization in organizational structures. Centralization involves authority being retained at the top levels of management, while decentralization involves delegating authority to lower levels of management. There are arguments for both, such as centralization enabling coordination but limiting development of lower managers, while decentralization increases flexibility but can complicate coordination. Examples of centralized organizations include dictatorships and militaries, while decentralized examples include open-source software and peer-to-peer networks. An ideal balance involves enabling lower managers to make important decisions while allowing top managers to focus on long-term strategy.
Financial engineering involves the design and implementation of innovative financial products and processes. It deals with creating new financial instruments or repackaging existing ones. Some examples of financial engineering in India include debt-oriented mutual funds, interest rate futures, and floating rate bonds. Financial engineering can be applied to equity, debt, hybrid instruments, and derivatives. It is used by investment banks and for purposes like risk management, valuation, and portfolio management. The field needs further development to provide more choices for investors and corporations to improve financial efficiency and solutions.
This document provides an overview of business finance. It defines finance and different sources of finance such as internal sources like retained profits and external sources like bank loans. It explains the purposes of short-term, medium-term, and long-term finance and gives examples of different sources for each time period. Key factors that influence a business's choice of finance are outlined, including the type of business, amount of control desired, available security, existing debt levels, and cash flow.
This ppt covers the following points :-
1. introduction of management accounting
2. Definition of management accounting
3. Nature, objective, tools and techniques, significance and limitations of management accounting
4. difference between financial and management accounting and also includes difference between cost and management accounting
5. management accountant and its roles
6. Management accounting organisation
Lecture note-12-organizational-structure-and-designWakeel Ahmed
An organizational structure divides tasks into jobs, groups jobs into departments, and coordinates relationships between jobs and departments. Developing or changing this structure is called organizational design, which involves decisions about six key elements: work specialization, departmentalization, chain of command, span of control, centralization/decentralization, and formalization. Common types of departmentalization include functional, product, customer, geographic, and process. The chain of command clarifies reporting relationships and authority. Span of control refers to the number of subordinates a manager oversees. Centralization concentrates decision-making at the top while decentralization pushes it down. Formalization standardizes jobs and guides employee behavior through rules.
The document defines investment and discusses it from several perspectives. It is generally defined as applying money to earn more money in the future. In finance, investment refers to purchasing a financial product or asset to earn future returns. In business, it means purchasing physical goods like equipment to improve future operations. Economics views investment as utilizing resources today to increase income or output tomorrow. Real investments purchase physical capital while financial investments purchase contracts. The key aspects of investment discussed are risk, return, time horizon, liquidity, and types of financial assets.
The document provides an overview of investment management concepts including the meaning of investment, objectives of investment, and financial markets. It defines investment as committing funds with the expectation of a positive return in the future. The objectives of investment are outlined as maximizing return, minimizing risk, and hedging against inflation. Different types of financial markets are also introduced such as the primary market, stock exchanges, and their functions in facilitating investment activities.
Slides-1. Financial Management. Lecture 1Shohruh Bey
The document introduces key concepts in financial management including the role of the financial manager, types of business organizations and financial markets, and goals of financial management. It describes the financial manager's responsibilities in capital budgeting, financing, and asset management decisions. The financial manager works to maximize shareholder wealth while balancing other stakeholder interests and dealing with agency problems between owners and managers.
Download Complete Main objectives of cash management
http://www.managementparadise.com/forums/financial-management/227968-main-objectives-cash-management.html
The document discusses different types of investments, including traditional and alternative investments. Traditional investments include bonds, stocks, small saving schemes, mutual funds, fixed deposits, and real estate. Bonds are loans to entities that pay interest. Stocks represent ownership in companies. Small saving schemes are meant for small amounts. Mutual funds invest in different securities. Fixed deposits earn interest. Real estate can appreciate. Alternative investments include hedge funds, private equity, venture capital, structured products, and collectibles. These have complex structures and are less liquid than traditional investments.
The document discusses different types of business and financial risk. Business risk includes strategic, financial, operational, and compliance risk. Financial risk considers how business risk correlates with the level of financial risk, which can be low, high, or a balanced combination. The document outlines steps for risk management, including risk identification, assessment, prioritization, and strategies such as avoidance, reduction, transfer, and retention. Various techniques are provided for analyzing and mitigating risk, such as sensitivity analysis and sequential investment decisions.
This document discusses capital budgeting and provides examples of how to evaluate capital investment projects. It defines capital budgeting as the process of analyzing projects and deciding which ones to include in the capital budget. It then outlines eight key steps in capital budgeting, including project categorization, evaluation criteria, and financial analysis. Examples are provided to calculate metrics like net present value, internal rate of return, payback period, and profitability index for a sample capital project. The document concludes that while net present value is generally the best method, companies often consider multiple evaluation criteria to make capital budgeting decisions.
The document outlines an 8-step decision making process for selecting a soft drink:
1) Identify the problem
2) Identify decision criteria like brand, taste, price, packaging, and color
3) Allocate weights to the criteria
4) Develop alternatives like Coca Cola, Sprite, Pepsi, etc.
5) Analyze the alternatives based on the criteria
6) Select the alternative with the highest total score
7) Implement the decision
8) Evaluate the effectiveness of the decision
The document discusses dividend policy and its various aspects. It defines dividend and explains the relevance and irrelevance concepts of dividend. It describes different approaches to dividend policy including the residual approach, MM model, Walter's approach and Gordon's approach. It also discusses determinants of dividend policy, types of dividend policies and forms of dividend including cash, stock and property dividends. The legal aspects of dividend payment are also summarized.
This document discusses four key finance decisions that businesses must make: funds required decision, financing decision, investment decision, and dividend decision. It provides details on each decision. The funds required decision involves estimating short-term and long-term capital needs. The financing decision is about acquiring funds and considers factors like cost, risk, and control. The investment decision relates to allocating funds raised and investing in assets. The dividend decision is about distributing profits to shareholders versus retaining earnings. Multiple factors influence each of these important financial decisions companies must undertake.
This document discusses the concepts of finance, financial management, and the objectives of financial management. It provides an overview of the evolution of financial management from traditional to modern approaches. The key functions of financial management - investment, financing, dividend and liquidity decisions - are explained. Both profit maximization and wealth maximization are discussed as objectives of financial management, along with their respective advantages and disadvantages.
The document discusses various topics related to finance including the meaning of finance, history of finance, types of finance (public, private, personal, corporate), and details about public finance, private finance, corporate finance and personal finance. Specifically, it notes that finance involves the study and process of acquiring funds and is separated into personal, corporate and public subcategories. It also provides histories and definitions for each type of finance.
The document discusses management accounting, including its definition, objectives, functions, scope, and limitations. It defines management accounting as the presentation of accounting information to assist management in policymaking and day-to-day operations. The objectives include promoting efficiency, interpreting financial statements, and allocating responsibility. The functions of management accounting include forecasting, organizing, controlling, analysis, and communication. A management accountant assists management by preparing budgets and reports, interpreting financial data, and ensuring compliance.
Operational and financial control techniquesSusmi Harsha
This document discusses various operational and financial control techniques used by managers. It begins by defining control as measuring and correcting performance to ensure objectives are met. It then separates control techniques into financial and operational categories. Some key financial techniques discussed include budgeting, cost accounting, ratio analysis, break-even analysis, and internal/external auditing. Operational techniques addressed include personal observation, Gantt charts, responsibility accounting, and management audits. The document provides details on how each technique works and its purpose in helping managers monitor and improve organizational performance.
The document discusses centralization and decentralization in organizational structures. Centralization involves authority being retained at the top levels of management, while decentralization involves delegating authority to lower levels of management. There are arguments for both, such as centralization enabling coordination but limiting development of lower managers, while decentralization increases flexibility but can complicate coordination. Examples of centralized organizations include dictatorships and militaries, while decentralized examples include open-source software and peer-to-peer networks. An ideal balance involves enabling lower managers to make important decisions while allowing top managers to focus on long-term strategy.
Financial engineering involves the design and implementation of innovative financial products and processes. It deals with creating new financial instruments or repackaging existing ones. Some examples of financial engineering in India include debt-oriented mutual funds, interest rate futures, and floating rate bonds. Financial engineering can be applied to equity, debt, hybrid instruments, and derivatives. It is used by investment banks and for purposes like risk management, valuation, and portfolio management. The field needs further development to provide more choices for investors and corporations to improve financial efficiency and solutions.
This document provides an overview of business finance. It defines finance and different sources of finance such as internal sources like retained profits and external sources like bank loans. It explains the purposes of short-term, medium-term, and long-term finance and gives examples of different sources for each time period. Key factors that influence a business's choice of finance are outlined, including the type of business, amount of control desired, available security, existing debt levels, and cash flow.
This ppt covers the following points :-
1. introduction of management accounting
2. Definition of management accounting
3. Nature, objective, tools and techniques, significance and limitations of management accounting
4. difference between financial and management accounting and also includes difference between cost and management accounting
5. management accountant and its roles
6. Management accounting organisation
Lecture note-12-organizational-structure-and-designWakeel Ahmed
An organizational structure divides tasks into jobs, groups jobs into departments, and coordinates relationships between jobs and departments. Developing or changing this structure is called organizational design, which involves decisions about six key elements: work specialization, departmentalization, chain of command, span of control, centralization/decentralization, and formalization. Common types of departmentalization include functional, product, customer, geographic, and process. The chain of command clarifies reporting relationships and authority. Span of control refers to the number of subordinates a manager oversees. Centralization concentrates decision-making at the top while decentralization pushes it down. Formalization standardizes jobs and guides employee behavior through rules.
The document defines investment and discusses it from several perspectives. It is generally defined as applying money to earn more money in the future. In finance, investment refers to purchasing a financial product or asset to earn future returns. In business, it means purchasing physical goods like equipment to improve future operations. Economics views investment as utilizing resources today to increase income or output tomorrow. Real investments purchase physical capital while financial investments purchase contracts. The key aspects of investment discussed are risk, return, time horizon, liquidity, and types of financial assets.
The document provides an overview of investment management concepts including the meaning of investment, objectives of investment, and financial markets. It defines investment as committing funds with the expectation of a positive return in the future. The objectives of investment are outlined as maximizing return, minimizing risk, and hedging against inflation. Different types of financial markets are also introduced such as the primary market, stock exchanges, and their functions in facilitating investment activities.
Slides-1. Financial Management. Lecture 1Shohruh Bey
The document introduces key concepts in financial management including the role of the financial manager, types of business organizations and financial markets, and goals of financial management. It describes the financial manager's responsibilities in capital budgeting, financing, and asset management decisions. The financial manager works to maximize shareholder wealth while balancing other stakeholder interests and dealing with agency problems between owners and managers.
Download Complete Main objectives of cash management
http://www.managementparadise.com/forums/financial-management/227968-main-objectives-cash-management.html
The document discusses different types of investments, including traditional and alternative investments. Traditional investments include bonds, stocks, small saving schemes, mutual funds, fixed deposits, and real estate. Bonds are loans to entities that pay interest. Stocks represent ownership in companies. Small saving schemes are meant for small amounts. Mutual funds invest in different securities. Fixed deposits earn interest. Real estate can appreciate. Alternative investments include hedge funds, private equity, venture capital, structured products, and collectibles. These have complex structures and are less liquid than traditional investments.
The document discusses different types of business and financial risk. Business risk includes strategic, financial, operational, and compliance risk. Financial risk considers how business risk correlates with the level of financial risk, which can be low, high, or a balanced combination. The document outlines steps for risk management, including risk identification, assessment, prioritization, and strategies such as avoidance, reduction, transfer, and retention. Various techniques are provided for analyzing and mitigating risk, such as sensitivity analysis and sequential investment decisions.
This document discusses capital budgeting and provides examples of how to evaluate capital investment projects. It defines capital budgeting as the process of analyzing projects and deciding which ones to include in the capital budget. It then outlines eight key steps in capital budgeting, including project categorization, evaluation criteria, and financial analysis. Examples are provided to calculate metrics like net present value, internal rate of return, payback period, and profitability index for a sample capital project. The document concludes that while net present value is generally the best method, companies often consider multiple evaluation criteria to make capital budgeting decisions.
The document outlines an 8-step decision making process for selecting a soft drink:
1) Identify the problem
2) Identify decision criteria like brand, taste, price, packaging, and color
3) Allocate weights to the criteria
4) Develop alternatives like Coca Cola, Sprite, Pepsi, etc.
5) Analyze the alternatives based on the criteria
6) Select the alternative with the highest total score
7) Implement the decision
8) Evaluate the effectiveness of the decision
This document discusses various aspects of decision making. It defines decision making and provides definitions from different authors. It outlines the six steps of decision making process as collecting information on alternatives, comparing alternatives, considering what could go wrong, constructing a clear picture of the decision, compiling requirements, and choosing an alternative. It also describes different types of decisions like organizational vs personal, tactical vs strategic, programmed vs non-programmed, policy vs operative, and individual vs group decisions. Finally, it discusses various factors that affect decision making like perception, organizational issues, environmental issues, and personal and psychological factors.
Decision making (Principles of Management)Denni Domingo
The document discusses decision making and provides information on key concepts related to the decision making process. It defines what a decision is, the different types of decisions (programmed vs non-programmed), elements of the decision making situation, conditions like risk and uncertainty, and the rational decision making process. It also covers tools that can be used, including probability theory, decision trees, and concepts like expected value. The overall document serves to outline the fundamental concepts involved in decision making.
The document discusses various aspects of decision making including:
1) It describes the phases of the decision making process as identification, development and selection.
2) It discusses different models of decision making such as rational, social, bounded rationality and judgment heuristics models.
3) Factors that influence decision making include technology, culture, and ethics. Cultural factors and ethical issues can impact which problems are addressed and how decisions are made.
1) The document discusses the steps of the decision making process which includes identifying the problem, criteria, weighting criteria, developing alternatives, analyzing alternatives, selecting the best alternative, implementing it, and evaluating.
2) It provides an example of getting a job in a school and lists the relevant criteria as salary, opportunity to progress, job environment, incentives, facilities, job security, location, and timings.
3) The alternatives provided are jobs at Unique, American Lycetuff, LDA, Allied, and Cathedral schools. Each alternative is then analyzed and weighted against the criteria to select the best option.
Managerial decision making involves responding to opportunities and threats by analyzing options and choosing courses of action. There are two types of decisions - programmed decisions which are routine, and non-programmed decisions which are unusual situations with no set rules. The classical model assumes all information is available, but the administrative model recognizes information is often incomplete. Effective decision making involves framing the problem, generating alternatives, evaluating alternatives, choosing an alternative, implementing it, and learning from feedback. Group decision making can reduce biases but risks groupthink; techniques like devil's advocacy and diversity can improve it. Organizational learning and creativity help decision making by challenging assumptions and encouraging new ideas.
The document discusses the process of selection in hiring employees. It defines selection as choosing applicants that best meet the criteria for open positions based on their capabilities and the job demands. The stages of selection generally involve receiving applications, screening, tests, interviews, background checks, medical exams, and final selection or rejection. Various types of tests, interviews, and considerations in the selection process are also outlined.
This document discusses the recruitment and selection process. It begins by defining recruitment as finding qualified candidates and stimulating them to apply. Recruitment sources can be internal, like promotions or referrals, or external, like job advertisements or employment agencies. The selection process involves gathering information to evaluate and decide who to hire, and follows recruitment. Selection methods include application reviews, interviews, reference checks, and tests. The goal of selection is to choose the best qualified individual for the role.
The document discusses the staffing function at St. Mary University. It covers various topics related to staffing including the staffing process, recruitment, selection, placement, training, and performance appraisal. It provides definitions of staffing, discusses the importance and objectives of staffing, and outlines the key elements and factors affecting the staffing function.
This document outlines a presentation given at the IRM Summit on the future of universities. It discusses how universities need to provide more value and a better digital experience for students in order to attract top students and remain competitive. The presentation proposes delivering a new identity and access management system to streamline user provisioning and access across the entire student and staff lifecycle, from initial application to alumni status. It acknowledges that identity projects within large transformations take time but establishing processes early is important for success.
This document outlines a recruitment and selection policy for large organizations. It discusses the objectives of recruitment and selection including generating a pool of qualified candidates and selecting the most suitable candidate. It describes the recruitment process as two-way between the organization and applicants. The selection process involves shortlisting candidates, interviews, skills assessments, making an offer, and ensuring confidentiality and documentation. Sources of recruitment include internal sources like job postings and external sources like advertisements. The goal of the policy is to control the recruitment and selection process and ensure it meets the business needs of the organization.
This chapter discusses recruitment and selection. It defines recruitment as attracting qualified individuals to apply for jobs, and selection as determining the relative qualifications of applicants. The chapter outlines the recruitment process, which includes identifying job requirements, locating sources, announcing the job, and evaluating. It also discusses factors that affect recruitment like corporate image and the labor market. Regarding selection, the chapter details the criteria, steps, and factors involved, such as preliminary interviews, tests, background checks, and approval.
The document discusses recruitment and selection processes. It covers factors affecting recruitment like organizational, environmental, political, economic, social and technological factors. It also discusses different sources of recruitment like internal sources, external sources and their merits and demerits. Different methods of recruitment like internal promotions, campus recruitment, advertisements, employment agencies are explained. Key aspects of a good recruitment policy and evaluating a recruitment program are highlighted. The selection process involves shortlisting applications, conducting tests, interviews, reference checks and making a job offer. Different types of selection tests and interviews are explained.
The document outlines the 8 steps of the selection process: 1) blank application form, 2) preliminary interview, 3) employee testing, 4) employment interview, 5) reference checking, 6) medical examination, 7) decision making, and 8) induction. The selection process involves choosing qualified candidates through application forms, interviews, tests, and examinations to fill positions in an organization.
The document discusses the recruitment process, including defining recruitment, identifying the challenges in recruiting and selecting employees, outlining the typical steps in the recruitment and selection process, and exploring the various internal and external sources and methods used for recruitment. Some of the key internal sources mentioned include job posting, rehiring former employees, and succession planning. External sources covered include job markets, employee referrals, competitors' organizations, universities/colleges, advertising, employment agencies, headhunters/executive recruiters, college recruiting, and using the internet/websites as a recruitment tool.
This Assessment
Preparation Guide (“Guide”) will help you prepare for the rigorous assessment process used by the U.S. Office
of Personnel Management (OPM) to select a diverse PMF candidate pool. This guide is specific to the 2013
Presidential Management Fellows (PMF) Program assessment process and will familiarize potential applicants with its key features so that they know what to expect and are prepared to perform well.
Recruitment and selection are important human resource functions for attracting qualified candidates and hiring the most suitable individuals. The summary is:
1. Recruitment involves advertising job openings, screening applicants, and creating a pool of qualified candidates using methods like internal promotion, job postings, agencies or job fairs.
2. Selection chooses the best candidates and involves applications, interviews, testing, reference checks and making a final hiring decision.
3. Onboarding new employees includes orientation to familiarize them with the company and socialization to align their expectations with organizational values.
This document discusses recruitment, selection, and appointment processes. It defines recruitment as encouraging job applications, selection as choosing the best candidate, and appointment as finalizing the employment agreement. The document outlines the stages of recruitment and selection, including job analysis, writing job descriptions and person specifications, using internal and external recruitment methods, screening applicants through methods like application forms and interviews, and selecting a candidate by making a job offer. It also discusses factors that can influence these processes, such as a company's resources and external economic conditions, and how to evaluate the effectiveness of recruitment and selection.
The document discusses staffing as a key management function. It defines staffing and describes the various aspects of the staffing process, including manpower planning, recruitment, selection, orientation, placement, and training & development. The staffing process ensures that organizations hire qualified employees and develop them into valuable organizational resources. It aims to match employee skills with organizational needs to maximize productivity.
This chapter discusses recruitment and selection processes. It covers strategic recruitment decisions including internal and external sources. Recruitment goals are to attract qualified applicants while encouraging unqualified ones to self-select out. Selection criteria include education, experience, skills and personality. Selection methods evaluated are testing, information gathering and interviewing. Common interview mistakes like biases are also discussed. The chapter aims to help understand recruitment and selection and design effective processes.
Understand and Differentiate between strategic recruitment and selection.
Identify the dual goals of recruiting.
Comprehend recruitment process from organizational as well as individual perspective.
Identify what strategic decisions are involved in recruiting.
Explain the major recruitment methods and analyze their advantages and disadvantages.
Identify the basic selection criteria.
Design and administer an effective selection process.
Evaluate the three methods e.g., information gathering, tests and interviewing used in employee selection.
Appreciate varied contemporary interviewing techniques used by interviewers.
Design interview form and evaluation matrix.
This presentation covers the chapter of Staffing from the Principles of Management. It tackles the Definition, Nature, Importance and the Need for Staffing. It also covers the Kinds of Staffing and its Process.
The document discusses the role of capital markets. It defines capital markets as financial markets where investment instruments like bonds and equities are bought and sold. Capital markets connect investors with surplus funds to companies needing funds. They include primary markets for new stock issues and secondary markets for existing stocks. Capital markets provide investors risk reduction through diversification and liquidity. They provide companies a source of finance and measure of performance. Capital markets help economies through mobilizing savings, allocating resources, and providing market indicators.
Inflation accounting standards in uk and usavincent konadu
This document discusses inflation accounting standards in the UK and USA. It outlines the history and objectives of standards like FAS 33 in the USA and SSAP 16 in the UK. Key differences are noted, such as FAS 33 using a general price index model while SSAP 16 uses a current cost accounting model. Disclosure requirements under each standard are also summarized. The document further discusses approaches taken in other countries like India, China, and at the international level through standards like IAS 21. In conclusion, it notes that many inflationary countries do not have specific standards due to convergence with IFRS, limitations of inflation accounting, and a "wait and see" approach.
IFRS in Africa presentation gives comparison between Ghana and Nigeria how IFRS has been implemented in both countries and the challenges they both faced with IFRS adoption.
The document discusses the Likert scale, which is a technique used to measure opinions, attitudes, and other concepts by assigning numbers to varying degrees of agreement with statements. It involves developing statements, testing them, scoring responses, and selecting the statements that best discriminate between high and low scores. Likert scales are reliable, frequently used, allow for empirical testing, and are easier to construct than other scales. However, they only indicate whether respondents are more or less favorable rather than how much more or less favorable.
The document discusses business ethics for sustainable development. It defines sustainable development as meeting business and stakeholder needs today while protecting resources for the future. Sustainable development has three bottom lines - environmental, social, and economic. It provides examples of how businesses can operate in a viable way by reducing, reusing, and recycling resources, in a bearable way by prioritizing high impact green efforts and shifting to greener models, and in an equitable way through practices like non-discrimination and equitable pay. The conclusion states that whenever individuals and businesses champion ethics and sustainability, they advance both causes.
This document reviews 3 articles on hedge accounting:
1) SFAS 133 hedge accounting numbers were less associated with market values than alternative matching methods. Accelerating gains/losses recognition generated numbers more associated with equity values.
2) SFAS 133 fair value accounting improved banks' earnings' explanatory power for stock returns versus non-fair value.
3) Transparent hedge disclosures under SFAS 161 attracted new airline competitors and positively impacted stock returns. Competitors used disclosures in market decisions.
Industrial Tech SW: Category Renewal and CreationChristian Dahlen
Every industrial revolution has created a new set of categories and a new set of players.
Multiple new technologies have emerged, but Samsara and C3.ai are only two companies which have gone public so far.
Manufacturing startups constitute the largest pipeline share of unicorns and IPO candidates in the SF Bay Area, and software startups dominate in Germany.
Company Valuation webinar series - Tuesday, 4 June 2024FelixPerez547899
This session provided an update as to the latest valuation data in the UK and then delved into a discussion on the upcoming election and the impacts on valuation. We finished, as always with a Q&A
Storytelling is an incredibly valuable tool to share data and information. To get the most impact from stories there are a number of key ingredients. These are based on science and human nature. Using these elements in a story you can deliver information impactfully, ensure action and drive change.
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Understanding User Needs and Satisfying ThemAggregage
https://www.productmanagementtoday.com/frs/26903918/understanding-user-needs-and-satisfying-them
We know we want to create products which our customers find to be valuable. Whether we label it as customer-centric or product-led depends on how long we've been doing product management. There are three challenges we face when doing this. The obvious challenge is figuring out what our users need; the non-obvious challenges are in creating a shared understanding of those needs and in sensing if what we're doing is meeting those needs.
In this webinar, we won't focus on the research methods for discovering user-needs. We will focus on synthesis of the needs we discover, communication and alignment tools, and how we operationalize addressing those needs.
Industry expert Scott Sehlhorst will:
• Introduce a taxonomy for user goals with real world examples
• Present the Onion Diagram, a tool for contextualizing task-level goals
• Illustrate how customer journey maps capture activity-level and task-level goals
• Demonstrate the best approach to selection and prioritization of user-goals to address
• Highlight the crucial benchmarks, observable changes, in ensuring fulfillment of customer needs
Zodiac Signs and Food Preferences_ What Your Sign Says About Your Tastemy Pandit
Know what your zodiac sign says about your taste in food! Explore how the 12 zodiac signs influence your culinary preferences with insights from MyPandit. Dive into astrology and flavors!
Navigating the world of forex trading can be challenging, especially for beginners. To help you make an informed decision, we have comprehensively compared the best forex brokers in India for 2024. This article, reviewed by Top Forex Brokers Review, will cover featured award winners, the best forex brokers, featured offers, the best copy trading platforms, the best forex brokers for beginners, the best MetaTrader brokers, and recently updated reviews. We will focus on FP Markets, Black Bull, EightCap, IC Markets, and Octa.
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How MJ Global Leads the Packaging Industry.pdfMJ Global
MJ Global's success in staying ahead of the curve in the packaging industry is a testament to its dedication to innovation, sustainability, and customer-centricity. By embracing technological advancements, leading in eco-friendly solutions, collaborating with industry leaders, and adapting to evolving consumer preferences, MJ Global continues to set new standards in the packaging sector.
Discover timeless style with the 2022 Vintage Roman Numerals Men's Ring. Crafted from premium stainless steel, this 6mm wide ring embodies elegance and durability. Perfect as a gift, it seamlessly blends classic Roman numeral detailing with modern sophistication, making it an ideal accessory for any occasion.
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Brian Fitzsimmons on the Business Strategy and Content Flywheel of Barstool S...Neil Horowitz
On episode 272 of the Digital and Social Media Sports Podcast, Neil chatted with Brian Fitzsimmons, Director of Licensing and Business Development for Barstool Sports.
What follows is a collection of snippets from the podcast. To hear the full interview and more, check out the podcast on all podcast platforms and at www.dsmsports.net
Part 2 Deep Dive: Navigating the 2024 Slowdownjeffkluth1
Introduction
The global retail industry has weathered numerous storms, with the financial crisis of 2008 serving as a poignant reminder of the sector's resilience and adaptability. However, as we navigate the complex landscape of 2024, retailers face a unique set of challenges that demand innovative strategies and a fundamental shift in mindset. This white paper contrasts the impact of the 2008 recession on the retail sector with the current headwinds retailers are grappling with, while offering a comprehensive roadmap for success in this new paradigm.
Structural Design Process: Step-by-Step Guide for BuildingsChandresh Chudasama
The structural design process is explained: Follow our step-by-step guide to understand building design intricacies and ensure structural integrity. Learn how to build wonderful buildings with the help of our detailed information. Learn how to create structures with durability and reliability and also gain insights on ways of managing structures.
[To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
This PowerPoint compilation offers a comprehensive overview of 20 leading innovation management frameworks and methodologies, selected for their broad applicability across various industries and organizational contexts. These frameworks are valuable resources for a wide range of users, including business professionals, educators, and consultants.
Each framework is presented with visually engaging diagrams and templates, ensuring the content is both informative and appealing. While this compilation is thorough, please note that the slides are intended as supplementary resources and may not be sufficient for standalone instructional purposes.
This compilation is ideal for anyone looking to enhance their understanding of innovation management and drive meaningful change within their organization. Whether you aim to improve product development processes, enhance customer experiences, or drive digital transformation, these frameworks offer valuable insights and tools to help you achieve your goals.
INCLUDED FRAMEWORKS/MODELS:
1. Stanford’s Design Thinking
2. IDEO’s Human-Centered Design
3. Strategyzer’s Business Model Innovation
4. Lean Startup Methodology
5. Agile Innovation Framework
6. Doblin’s Ten Types of Innovation
7. McKinsey’s Three Horizons of Growth
8. Customer Journey Map
9. Christensen’s Disruptive Innovation Theory
10. Blue Ocean Strategy
11. Strategyn’s Jobs-To-Be-Done (JTBD) Framework with Job Map
12. Design Sprint Framework
13. The Double Diamond
14. Lean Six Sigma DMAIC
15. TRIZ Problem-Solving Framework
16. Edward de Bono’s Six Thinking Hats
17. Stage-Gate Model
18. Toyota’s Six Steps of Kaizen
19. Microsoft’s Digital Transformation Framework
20. Design for Six Sigma (DFSS)
To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations
2. INTRODUCTION
Selection is a recruitment process of choosing from a
pool of prospective and potential employees, the very
best individual who suit a particular organization
taking into account the organization and kind of work
to be done.
Selection is act of getting the right person, for the
right job, at the right time and right place.
4/13/2015 selection decision in HRM - VINCENT 2
3. FACTORS AFFECTING SELECTION
DECISION PROCESS
Legal consideration:
Laws of the country
Non discriminatory laws
Non disclosure of private
information
4/13/2015 selection decision in HRM - VINCENT 3
4. TYPE OF ORGANIZATION
Private/ profit making organization
Detailed selection process
Government agencies
Academic qualification
Non profit organization
Dedication
4/13/2015 selection decision in HRM - VINCENT 4
5. ORGANIZATIONAL HERARCHY
Long levels/ Tall structure
Flat/short structure
4/13/2015 selection decision in HRM - VINCENT 5
6. SPEED OF DECISION MAKING
Short time for decision will require short decision
process
Long time for decision usually take long process
4/13/2015 selection decision in HRM - VINCENT 6
7. POOL OF APPLICANTS
More applicants – detailed selection process
Few applicants – short and simple process
4/13/2015 selection decision in HRM - VINCENT 7
8. FACTORS AFFECTION SELECTION
DECISIONS
Educational Qualification
Relevant experience
Location of prospective worker
Personal traits
Salary budget
4/13/2015 selection decision in HRM - VINCENT 8
9. CONCLUSION
Getting the right person for the right job is not easy
but the application of the factors and parameters as
discuss in this report will help reduce the challenges
and uncertainties
4/13/2015 selection decision in HRM - VINCENT 9
10. REFERENCE
Pua A. A (2010) Scope of Human Resource
Management, Asempa Printing Press Ghana pp 200-
240
Sanjeev Himachali Factors Affecting Selection Process
HR Era Journal # 64 September 2009
www.coursehero.com/flashcards/selection access on
8/2/2014
4/13/2015 selection decision in HRM - VINCENT 10