Competency mapping is a technique of evaluating the good and bad points of an employee or organization. Competency mapping is a process of finding out important competencies necessary to execute successfully a given job at a given point of time. Once the competency mapping process is completed, the map becomes an input for several other HR processes. This articles lists the steps in competency mapping process.
The Behavioral approach to management advanced due to the fact that the managers found that following the ideas of the classical approach failed to attain total efficiency and workplace harmony. The behavioral approach to management featured what the classical advocates neglected – the human factor. The behavioral approach to management featured individual behavior & group processes, and accepted the significance of behavioral processes at work. The behavioral approach has been divided into 2 branches: the Human relations approach and the behavioral science approach.
Accounting helps the management to achieve several objectives. This article discusses about the main objectives of accounting. Some important objectives are: to keep accounting records, ascertain the profit or loss, calculate the financial position, communicate the accounting information, prove credit worthiness, aid logical decision making, efficiently wtilize the resources
It is actually extremely tough to determine manufacturing performance. Dimensions employed to measure manufacturing performance are quality, delivery, flexibility and cost performance. Quality Performance Quality is a multifaceted term and it can be looked at from various viewpoints like characteristics, serviceability, aesthetics, reliability, conformance, performance, durability and perceived quality. However for manufacturing the conformance dimension …
Marketing is the process of communicating the worth of services or goods to consumers, with the intention of selling the product or service. Marketing is an approach to link what services and products you are offering with consumers who want and require such services and products. Marketing is an essential organizational function for gaining customers.
A manufacturing process means transforming an array of inputs into those outputs which are needed by the market. Any manufacturing process consists of a number of links in a production chain. At each and every stage value is added in the course of production. The various processes available to choose from have their own attributes regarding market, production planning, costs and organisation. Different manufacturing process types are: Job shop production, batch production and flow shop production.
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 human resources are of vital importance for a corporation much like its physical attributes and investments. Under Human resource accounting an organization manages workers as assets and shows in balance sheet .
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 types of external and internal dimensions can be used to measure manufacturing performance.
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 capacity and facility location plans are the most crucial strategic decisions. These types of decisions therefore require significant homework and are made at the corporation’s highest level.
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 several authors. We will bifurcate the decision categories of manufacturing into structural and infrastructural categories. Structural categories consider physical categories, …