Mechanistic Vs. Organic Organizational Structure: 7 Key Differences

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Mechanistic and Organic Structure

Mechanistic Vs Organic Structure Mechanistic and organic organizational structures are the two most common organizational structures. Mechanistic structure refers to traditional types of organizations. Whereas, the organic structure refers to modern types of organizations. Both the organic and mechanistic structures have been practiced in management practice. Both differ from each other and both have their … Read more

How To Manage a Team in the Organization? 12 Ways For Success

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Tips to manage team

Tips To Manage Team Being a manager your task is not only to form teams you have to direct them toward the achievement of desired organizational goals. To manage a team effectively you should be able to direct teams in the right direction. The following are the notable strategies you can use for effective team … Read more

Human Resource Management (HRM): Definition, Features, Objectives, and Functions

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Human resource management

What is Human Resource Management (HRM)? Human resource management (HRM) is a strategic approach to managing people i.e. employees in the workplace for achieving higher productivity. HRM encompasses the strategic management of people within an organization to optimize its performance and contribute to its competitive advantage. It involves various processes, such as recruitment, selection, training, … Read more

What is Classical Management Theory? Definition, Features, Types, & Pros/Cons

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Classical Management Theory

What is Classical Management Theory? Classical management theory is the theory that is considered to increase the efficiency and productivity of an organization through autocracy, division of labor, clear hierarchal structure, and incentives. It holds the belief that workers only have physical and economic needs and incentive is the key to motivating them to work … Read more

The 7 Principles of Insurance Contract

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principles of insurance contract

Principles of Insurance Insurance is a legal contract between the insurer (insurance company) and the insured (policyholder i.e. individual or a business). Understanding the principles of insurance and how these principles work can be beneficial for you in deciding whether or not you need the insurance contract or not. Further, these principles let you decide … Read more

What is a Marketing Concept? Definition, History, Features, Principles, Examples, and Pros/Cons

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Marketing Concept

Products should be made as per the choices of the company or as per the choices of customers. What do you think about which choices (company or customers) should be prioritized while making products? Let’s find out what the marketing concept of marketing philosophies has to say about this. What is a Marketing Concept? The … Read more