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Human Resource Accounting (HRA)

Human resource accounting (HRA) is the process of recording and identifying human cost . It contains computation and recording the cost of recruiting , selection , training and developments of staff members. Competent and specialized ...

Manufacturing Performance Measures

Evaluating manufacturing performance is really tough. Performance management is certainly an approach to assist a firm accomplish its aims through the planning of vital performance targets and the measurement of progress towards those targets. Different ...

Manufacturing Facility Planning

Manufacturing facility planning is concerned about the location, size, layout and specialization or focus of the manufacturing unit. Manufacturing facility planning is dependent on the long-term strategic plan for an organization. For many businesses, long-term ...

Decision Categories in Manufacturing Strategy

Decisions in manufacturing related issues are usually organized into categories, generally known as decision categories. There are various proposed frameworks relating to decision categories in manufacturing. The number of decision categories differs a little among ...

Competitive Priorities in Operations Management

In operations management, competitive priorities are a crucial decision variable for operations managers. Competitive priorities signify a strategic focus on building specific manufacturing capabilities that can improve a plant’s position in the market. Such focus ...

Difference Between Goods and Services

Usually, goods and services are the results of human or nature efforts. A good is a tangible item utilized either once or repeatedly. A service is intangible. The tangibility characteristic signifies the ability to taste, ...

Nature of Management

The study and use of management approaches in handling the affairs of the organization have transformed its nature. Numerous contributions in the field of management have altered its nature, for instance, from just a practice ...

Features of Management

Management is the art of getting things carried out by individuals in officially organized groups. According to McFarland, “Management is defined for conceptual, theoretical and analytical uses as that procedure whereby managers create, direct, preserve, ...

Human Resource Development HRD

Human Resource Development (HRD) can be described to include the activities and processes carried out to promote the intellectual, cultural, moral, psychological, social and economic development of the staff members within an organisation in an ...

Principles of Human Resource Management

Human resource management is the process of managing an organization's employees, or human resources. Human resource management (HRM) is the acceptance that workers are not just one of the factors ...

Featured Management Articles