Human Resources Articles

We need to first understand what is the difference between satisfaction and happiness first. Happiness is a state of mind and happiness is absence of want or desire. Both are though related with each other one can be satisfied even if he is not happy and one can happy without being satisfied.

The answer to the question "Is an MBA necessary for being a good Manager?" can be justified as ‘No’. But, if the turnover ratio of MBAs to Good Managers in comparison with ‘Non-MBAs’ is considered, then former may yield a higher number (though it might be difficult to get exact figures). For calling someone a good manager, it is important to first understand what defines a manager.

There was once a time when Mergers and Acquisitions existed only in the movies and raked in money with the plots of richer organisations taking over the helpless ones for money, later acquiring them.

"Yeah, you fellows need to scratch around in the dirt and find it like the rest of us instead of buying up someone else's hard work." -Daniel Plainview in There will be blood.
Mergers and acquisitions are no longer plot of movie but have become a way to have rapid financial growth. Although the purpose of an M&A is purely financial, but for an M&A to be successful it is important that the most valuable resource of the organisation is being taken care of through the process. It has been well established that human resource is vital for growth of any organisation, retaining the best talent becomes especially important for the stability of the company after merger or acquisition. Your best employees will help you restore balance when in the newly merged/acquired organisation entropy is on a toss.

The corporate social responsibility is a concept where the companies or the firm voluntarily decide to contribute for the welfare and the betterment of the society and the companies do so through business activities and social investment. Famous Nobel laureate and economist Milton Friedman in 1970 has wrote in his article “The responsibility of business is to increase its profits” that the corporate executives are the agents of the shareholders and their responsibility is make profit as much as possible while sticking to the basic rules of society incorporating both law and ethical system. The history of CSR is very long and varied. The footprint of CSR can be witness throughout the world, especially in the developed country like United States, while the idea of CSR was also been strongly supported by Europe.

People think management is all about making more and more profit and increasing your business but, only this is not true. This is only a part of it. In actual, for any organization to make long term profit and progress, it needs to follow certain ethics and principles. Employees should be treated well and in good manner, only then they will work properly and give their best to the organization.

Group Decision-Making is the decision taken by a group of people, not by individual. It is also known as "Collaborative Decision-Making", since it is done in collaboration with a large number or a group of people. Recently, Group Decision-Making is trending in the global market. It has been seen that many a times in some situations individuals are unable to come up with the solution to a problem but, when this task is assigned to a group they can easily come up with the solution. Also, decisions taken by a group are more effective as compared to that made by an individual.