Total Quality Management TQM Meaning, Importance, Characteristics, Components
Total Quality Management (TOM) is a philosophy that gradually evolved from management theories such as Management by Objective, quality circles, strategic planning, etc.
Career Management in hrm Process, Models, Role
Career management combines structured planning and the active management of one’s professional career. It was first defined in a social work doctoral thesis by Mary Valentich as implementing a career strategy through applying career tactics concerning chosen career orientation.
Amalgamation of Companies Objectives, Methods, Procedure, Types
Amalgamation of companies means merging two or more companies to eliminate competition among them or to grow in size to achieve economies of scale. It is a broad term that includes mergers (uniting of two existing companies) and acquisition (one company buying out another company).
Cost Audit Functions, Objectives, Advantages, Limitations, Report
Cost audit is the verification of cost records and accounts and a check on the adherence to the prescribed cost accounting procedures and the continuing relevance of such procedures.
Capital Structure Importance, Factors, Features, Determinants
Capital structure, or financial structure, refers to the blend of various types of long-term sources of funds, namely debentures, bonds, loans from financial institutions, preference shares, and equity shares (including retained earnings).
Factory Act 1948 Objective, Scope, Definitions, Approval
The Factory Act 1948 sets the safety standards for workers employed in factories. It is applied to factories manufacturing goods, including weaving cloth, knitting hosiery and other knitwear, clothing, footwear production, dyeing and finishing textiles, manufacturing footwear, etc.