Methods of Performance Evaluation

4 methods of performance evaluation; (1) category rating methods, (2) comparative methods, (3) behavioral/objective methods, and (4) narrative methods.

Performance Evaluation: Definition, Characteristics, Steps

Performance evaluation is the process of evaluating the performance of employees, sharing that information with them and searching for ways to improve their performance,

What is Negotiation? Elements of Negotiation

Negotiation is a process in which two or more parties exchange goods or services and attempt to agree on the exchange rate for them

Conflict: Positive and Negative Effects of Conflict in Organizations

Conflict is a process that begins when one party perceives that another party has negatively affected, or is about to negatively affect, something that the first party cares about.

Group Decision Making: Definition, Advantages, Disadvantages, Strengths, Weaknesses, Techniques

Group decision making is a situation faced when individuals collectively make a choice from the alternatives. Group decisions involve assimilating a huge amount of information, exploring many different ideas, and drawing on many strands of experience.

Individual Decision Making Styles

Individual decision-making styles are 4 types; analytic style, conceptual style, directive style, and behavioral style.

Decision Making: Definition, Factors, Limitations, Ethics of Decision Making

Decision making is the process of identifying the possible alternatives and selecting a course of action to solve a specific problem or achieve objective.

BCG Matrix: Definition, Chart, Explanation With Examples

BCG stands for Boston Consulting Group; also called ‘Growth/Share Matrix/ BCG Matrix’; developed by Boston Consulting Group, a world-renowned management consulting firm located in the USA. It is a useful tool for analyzing a diversified company’s business portfolio. In the BCG matrix, SBU(Strategic Business Unit) is a unit of the company that has a separate mission…

Delegation of Authority – Meaning, Process, Principles (Explained)

For delegation of authority to make sense and work; the superior managers must make sure 7 principles for clarity of delegation are followed and recognized in practice. 7 Principles Clarity in Delegation of Authority are guides to a delegation of authority.

Grapevine Communication: Definition, Types, Grapevine in Business Communication

Grapevine is a form of informal communication, operates both in internal and external informal channels which can contribute to and benefit the organization.