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Terms used in Statistical Analysis

Terms used in Statistical Analysis Statistics is the scientific discipline which provides methods to help the people to make sense of the data. It is the science of learning from data. It is a set of methods used to analyze data. One of the goals with statistics is to extract information from data to get …

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Operation and Maintenance Manual

Operation and Maintenance Manual A comprehensive ‘operation and maintenance’ (O&M) manual for an equipment / facility hereto referred as ‘plant’ is necessary for the smooth operation of the plant. The O&M manual serves as an important tool for existing and new employees to safely and successfully operate and maintain the plant. When put together properly, …

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Organizational Policies and Procedures

Organizational Policies and Procedures Organizations are described as a form of association, wherein men, material, and other resources are engaged for the purpose of accomplishing a desired objective. The term organization is derived from the word ‘organicism’, which means an organized body of interdependent parts sharing common activity. Organization has been defined in different ways …

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Organizational Ethics and Values and their Importance

Organizational Ethics and Values and their Importance Corporate governance refers to the system by which an organization is directed and controlled. One of the goals of corporate governance is to create a set of internal mechanisms to ensure sound managerial decisions are made, considering the rights and responsibilities of various stakeholders, together with the ethical …

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Research and development and the needed skills requirement

Research and development and the needed skills requirement Innovation depends on people who are able to generate and apply knowledge and ideas in the workplace. Research is motivated by curiosity or a need to know about how things are, and what people do or can do. In an era of global competitiveness, industrial ‘research and …

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Employee Relations

Employee Relations Employees are among the most important resources of the organization. They are the most valuable assets. The nature and quantity of work performed by them have a direct impact on the productivity of the organization. Hence, a healthy employee relations in the organization is a pre-requisite for the organization for achieving growth and …

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Selling and Marketing Management

Selling and Marketing Management Selling and marketing are two distinguishable separate functions of the organization which have a close relationship. Both the terms connect the organization to its customers through the product and services of the organization and both are necessary parts for the marketing activities of the organization. Every organization has the goal to …

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Leadership and Management Skills

Leadership and Management Skills Managers and leaders are two very different types of people. The difference between managers and leaders lies in the conceptions they hold, deep in their psyches, of chaos and order. Managers want to impose control, provide stability and to solve problems. They instinctively try to resolve problems quickly, sometimes before they …

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Organizational Role Stress and its Impact on Performance

Organizational Role Stress and its Impact on Performance Stress is a complex and dynamic concept. Because of its complex nature there is no agreement on a single definition of stress. Stress is broader in term and to define stress is very difficult. The concept of stress originally derives from the field of psychology. However, it …

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Senior level Managers and their Role in the Organization

Senior level Managers and their Role in the Organization Managers in the organization help the organization to accomplish its objectives. The term ‘levels of management’ stands for the arranged managerial positions in the organization. It refers to a line of demarcation between various managerial positions in the organization. It determines a chain of command, the …

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