Economic Aspect

Here is the info on economic aspect of management

Management in the economy

By economics, we mean the science of how the subjects of economic activity created by people carry out the production of various products and services, in the conditions of a limited amount of resources. At the same time, such activities should be profitable. This science has many integral parts, one of which is the economics […]

Read More

Economic aspects of quality management

Quality management solves two main economic problems: Definition of the most appropriate level of quality ensuring the necessary competitiveness; Organization of achievement of this level. The effectiveness of quality management is expressed in the additional income received from this process, in comparison with the costs necessary for its implementation. Improving the quality of products is […]

Read More

Ten Top Guidelines regarding Report Writing

Do not forget to determine what your principal goals and objectives must be in school report writing prior to starting. When you have some doubts, address to your scientific supervisor and ask him/her for assistance. Pay attention to your readers: his/her knowledge connected with any technical terms and knowledge about the given subject, educational level, […]

Read More

The crisis as a mirror of management

In order to win the war, it should be prepared in peacetime. It is human nature to believe the best and this is the main driving force, however, faith is not enough… do Not forget about logic and causality of each event. The situation surrounding the global economic crisis of course one way or another […]

Read More

Failed experiment with the system of self-managed teams

In the early 1990-ies one of the leading hotel companies have set up an experiment, replacing the traditional function of management on the system of self-managed teams. This thought belonged to a member of senior management whose endless ideas are accepted only because he knew how to present them correctly. Marcus Buckingham and Curt Coffman […]

Read More

Monopoly or healthy competition

Monopoly is a situation where one firm, or one product have no competition or a replacement. Thus, get all the credit to one player. If this is true? Everyone will tell you differently. Does it worth it? Only the owner of that firm, but not consumer. What we get in the end are we? Let’s […]

Read More