This lecture describes about the Fayol 14 Principles of Management proposed by Henri Fayol who is known as the father of Management.
PESTEL stands for Political, Economic, Social, Technological, Environmental and Legal Factors (business evaluation). This video details each facts with significant examples.
In this lecture, the industry analysis is outlined based on Michael Porter's five forces model. The five forces are: 1) the potential for new competitors to enter the market; 2) the bargaining power of buyers; 3) the bargaining power of suppliers; 4) the availability of substitute goods; and 5) the competitors and nature of competition.
This video is about internal business analysis describing: the resources of organization, standards of resources, competency and functions of of organization and business.
From this lecture, you can learn why businesses set their objectives, why it is important for the success of businesses, characteristics and types of objectives with simple examples.
This lecture is about the management model, McKinsey 7-S Framework containing the seven elements: 1.Strategy to achieve objectives, 2. Structure, 3. System, 4. Shared value, 5. Style, 6. Staff and 7. Skills.
This lecture describes the importance of delegation in organizations, how to delegate effectively and benefits of delegation.
This video explains what shop floor level management is and where and when it is needed for a business and how shop floor level management can improve the behaviour and profit of an organization.
This lecture describes the generic strategies explored by Harvard Professor, Michael Porter through 4 strategies, namely: ● Cost Leadership ● Differentiation ● Cost Focus ● Differentiation Focus
This lecture is about how businesses can sustain their success in long-term. This is proposed in four perspectives: 1. financial perspective 2. customer perspective 3. internal process perspective 4. organizational perspective
This lecture proposes the autocratic management and democratic management styles used to manage different people in different situations.
This lecture describes the meaning of consequence management, the source of poor management and how to change negative results to positive results to reach the goals of the organization.