In the earlier days, when the concept of ‘Economic Man’ came into the picture. Some of the management gurus emphasized only on the satisfaction of physiological and safety needs of the employees of the firm. However, because of the changes in the value systems and social systems, higher order needs like psychological satisfactions, job enrichment, […]
Top 7 differences between Formal and Informal groups
Organisation is the activity, authority, structure of the enterprise. Organizations are social systems. Organizations combine science and people – technology and humanity. Various methods are used to classify the types of groups that exist in our organizations. The organization structure is of two types, they are 1. Formal Organisation 2. Informal Organisation. FORMAL ORGANIZATION The formal […]
Difference between Recruitment and Selection
Human Resource Management of every organization has to perform several actions and functions for effective working of the organization. Some small organizations ignore some HRM activities but they can’t ignore Recruitment and Selection of people into the organization. Many people think that both these terms are same, but there exist many differences between them. RECRUITMENT Recruitment is the […]
Top differences between Life Insurance and General Insurance
In the words of justice Tindall, “Insurance is a contract in which a sum of money is paid to the assured as consideration of insurer’s incurring the risk of paying a large sum upon a given contingency.” There are two types of insurance called as Life Insurance and General Insurance. Again General Insurance has many […]
Difference between Manager and Leader
There is a never ending discussion in the world regarding whether Leader’s are born or made. Leader and Manager are the terms which are different in many aspects. This article concentrates on communicating the differences which exist between leaders and managers. LEADER Leadership is a practical skill encompassing the ability of an individual or organization […]
