Infinite Sparkles

Meaning and Need of Human resource management (HRM) approach . Meaning- Human resource management may be defined as a set of policies, practices and programs designed to maximize both personal and organizational goals. It is a process by which the people and organizations are bound together in such a way that both of them are able to achieve their objectives.   Definition-   According to Filippo, " Human resource management is the planning, organizing, directing and controlling of the procurement, development, compensation, integration, maintenance and reproduction of human resources to the end that individual, organizational and societal objectives are accomplished. "   N eed for HRM approach   Human resource management helps in creating a better understanding between employees and management. It helps workers in accomplishing individual and organisational goals. This approach has been attracting the attention of management professionals in the last decade or s...

Meaning and Nature of Human resource management? Meaning- Human resource management may be defined as a set of policies, practices and programs designed to maximize both personal and organizational goals. It is a process by which the people and organizations are bound together in such a way that both of them are able to achieve their objectives. Definition- According to Filippo , " Human resource management is the planning, organizing, directing and controlling of the procurement, development, compensation, integration, maintenance and reproduction of human resources to the end that individual, organizational and societal objectives are accomplished ."   Nature of Human Resource Management- 1.         Integral part of the Process of Management- Human resource management is embedded in the organizational structure of an enterprise and is an integral part of the process of management itself. Human resource management cannot be separated f...

 Explain the concept of Free Consent? Meaning-  When both parties to a contract enter into the contract through mutual agreement or their own free will, this is referred to as free consent. Free consent is one of the necessary elements of a valid contract; without it, no contract is valid or legally enforceable. Example-  On Monday, A offers his car to C for Rs. 2,000,000 at a specific location. C agreed with him on the same point. This is a contract because it includes free consent. Free consent is not influenced by any person or parties involved in the contract, and it should be free of- 1.      Coercion Coercion is the act of convincing someone to enter into a contract. Coercion occurs when threats are used to gain the consent of the other party. It is not freely given consent. It may involve causing physical and psychological harm to the individual in order to compel him to enter into an agreement. Example- A went out for a walk, B, a stranger approach...

                                                              THE MODEL MILLIONAIRE                                                                           OSCAR WILDE The Author , Oscar Wilde (1856-1900): A gifted and versatile Irish dramatist, poet, essayist, novelist and short story writer of the Victorian era, Oscar Wilde was a colorful and controversial figure who both shocked and amused his contemporaries. He was educated at Trinity College, Dublin, and Magdalen College, Oxford. While at Oxford he came under the influence of Walter Pater (1839-94) and soon gained a reputation as on...

  What is E-business model? Explain different types of E-business models in detail. Meaning-   An e-business model is essentially a company's strategy for becoming a successful online business. The administration of running any business via the internet, extranet, online, and intranet is known as electronic business (E-Business). This would include purchasing and selling goods or services using electronic business transactions, as well as offering customer or technical support via the internet. E-business is related to E-commerce, but it includes more than just the act of purchasing and selling services or items through the internet. Online order processing, Customer Relationship Management, supply chain management, and other business activities are all part of e-business. Because e-commerce is a subset of e-business. Types of E-business Models- 1.       Business-to-Business(B2B) E-business model- The exchange of products, services, or information b...