The Business Strategic-Planning Process

How to get valuable staff for organization?

Once HR planning is completed, managers can focus on staffing the organization. The staffing function consists of three related activities: recruitment, selection, and outplacement.

Recruitment:
Recruitment activities help to increase the pool of candidates that might

Effective Leadership

Most researchers evaluate effective leadership in term of the consequences of the leader's actions for followers and other organization stakeholders. Many different types of outcomes have been used, including the performance and growth of the leader's group or organization, its preparedness to deal with challenges or crises, followers satisfaction with the leader, follower commitment to the group objectives, the psychological well-being and development of followers, the leader's retention of high status in the group, and the leader's advancement to higher positions of authority in the organization.

Tips to build networking

In the business relation, relationships are based on more than who you know. It depends on who knows you. None succeeds in business without building relationships with others. Read this article tips for growing your
network of contacts while making friends as well as customers and clients.

Meeting others:

• Ask the other person open-ended questions and don’t talk too much about yourself

What does Management and its function mean to you?

Management is the process of working with people and resources to accomplish organizational goals, who good managers do both effectively and efficiently things. To be effective is to achieve organizational goals and to be efficient is to achieve goals with minimum waste of resources to make the best possible use of money, time, materials and people.

What can managers do to be effective and efficient?

The four Management Functions are:

The Basic Concepts of Statistics

Statistics is the branch of mathematics that examines ways to process and analyze data. Statistics provides procedures to collect and transform data in ways that are useful to business decision-makers. To understand about  statistics, you need to first understand the meaning of a variable.
Variables are characteristics of items or individuals.
Examples of variables are your gender, your major field of study, the amount of money you have in your wallet, and the amount of time it takes you to get ready to go to school in the morning. The key word of Variable is the idea that items differ and people differ. The person next to you may be female rather than male, may be majoring in a different

Capital Budgeting Decision

Capital budgeting describes decisions where expenditures and receipts for a particular undertaking will continue over a period of time. These decisions usually involve outflows of funds (expenditures) in the early periods (sometimes just one expenditure will be made at the beginning of a project, as for the purchase of a new machine), and the inflows (revenues) start somewhat later and (it is hoped) continue for a significant number of periods.