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Technical Audit in Steel Industry

Technical Audit in Steel Industry Technical audit is an audit which is performed by an auditor who is a technical person with an in-depth knowledge of the subject matter. The technical audit a systematic, documented verification process of objectively obtaining and evaluating the audit evidence, in conformance with the audit criteria and followed by communication …

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Knowledge Management System

Knowledge Management System In the present day environment, an organization needs systematic work on the quality of knowledge and the productivity of knowledge. The performance capacity of the organization, if not its survival has increasingly become dependent on these two factors in the knowledge society of today. Knowledge can be defined as (i) awareness or …

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Organizational Performance and its influencing factors

Organizational Performance and its influencing factors An organization consists of a set of resource employed in a productive way to generate wealth and resource for the organization such as building, equipment, skills and competencies of employees, procedures of norms, culture, and values. In the present day environment, there are increased complexity and uncertainty. This has …

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Effective Decision Making for Organizational Performance

Effective Decision Making for Organizational Performance Decision-making is the selection of alternative course of action from available alternatives in order to achieve a given objective. Decision making is a matter of huge responsibility for the management since the performance of the organization heavily depends on the quality of the decisions made. Management of an organization …

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Importance of Time in Decision Making

Importance of Time in Decision Making Decision making is one of the most important functions of the management in an organization. Decisions are the essence of management since they have a high impact on all the organizational plans of activities and results. Decision making involves a choice between alternatives. It is the ability to react …

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Eight Disciplines Problem Solving Process

Eight Disciplines Problem Solving Process There are four levels of problems which are generally encountered in an organization. These consist of (i) simple problems which can be solved by an individual, (ii) simple problems for which the answers are known (these can be termed as more like a task than a problem solving effort), (iii) …

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Manager Employees Relationship

Manager Employees Relationship Managers and employees are important for an organization since both of them play a crucial role for the efficient performance of the organization and hence, the relationship between them carries a lot of significance for the achievement of the goal and objectives of the organization.  The relationship between managers and employees sets …

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Brand Ambassadors and their role in Brand Management

Brand Ambassadors and their role in Brand Management The word ‘brand’ derives from the practice of branding. The definition of the brand has changed quite dramatically over the course of time. As per the American Marketing Association (AMA) ‘brands are a name, sign, symbol, design or a combination of them that are intended to identify …

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Steps for Effective Reduction in Product Cost

Steps for Effective Reduction in Product Cost In the present day competitive environment, every organization is to produce its products in a cost effective manner in order to remain competitive in the market. It is necessary for the organization to manage the cost of manufacturing the product. Cost management is one of the functions of …

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Employee Productivity and its Influencing Factors

Employee Productivity and its Influencing Factors  Organizational performance is a sign of the capacity of the organization for pursuing efficiently its goal and objectives. In this regards, one of the elements which is assessable is the employees’ performance through the level of their productivity. In fact, employee productivity is one of the determining factors for …

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