For successful and effective participative management it's important to satisfy the worker's urge for self-expression, initiative, and self-actualization. Also to raise the worker's level of motivation through the satisfaction of his non-economic needs. Good participative management manages resistance to change and to secure the effective and smooth implementation of … [Read more...] about How to Make a Successful Participative Management
Managerial Economics
Top 10 Need & Importance of Workers Participation in Management
The concept of workers' participation in management crystallizes the concept of industrial democracy and indicates an attempt on the part of an employer to build his employees into a team which workers towards the realization of a common objective. It increases productivity for the general benefits of the enterprise, the employers, and the community. Need and Importance … [Read more...] about Top 10 Need & Importance of Workers Participation in Management
15 Characteristics of Capitalism Economy (With Examples)
Capitalism economy is a system of the economic organization featured by the private ownership and use for the private profit of man-made and nature-made the capital. There is private ownership of the means of production and distribution which are used for earning maximum profits according to the competition available. The existence of the capitalism economy had been … [Read more...] about 15 Characteristics of Capitalism Economy (With Examples)
13 Characteristics of Socialism Economy (With Examples)
Socialism is an economic system where the means of production are either owned and managed by the state maximum social benefits is the central idea of socialism. Socialism is an economic organization of society in which the material, means of production are owned by the whole community according to a general economic plan, all members being entitled to benefits from the … [Read more...] about 13 Characteristics of Socialism Economy (With Examples)
17 Scope and Importance of Macroeconomics (With Examples)
Macroeconomics scope is wide and it studies the economic variable affecting the economy as a whole and other economies as well. Macroeconomic is called income and Employment analysis. It studies the effective demand and income, employment, investment economic variables. Scope of Macroeconomics The scope of macroeconomics is very wide following points can be studied … [Read more...] about 17 Scope and Importance of Macroeconomics (With Examples)
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