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Adam’s Equity Theory of Motivation
Adam’s Equity Theory, also known as simply Equity Theory, is a theory of motivation that focuses on fairness in the workplace. Developed by J. Stacy Adams in 1963, it proposes that employees…
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Maslow’s Hierarchy of Needs
Psychologist Abraham Maslow proposed Maslow’s Hierarchy of Needs theory in psychology in 1940. Maslow’s hierarchy of needs is one of the earliest and best-known of motivation theories. Maslow wanted to understand what motivates people.…
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Human Resource Management (HRM) – Definition and Concept
Human Resource Management (HRM) is an integral part of any organization, encompassing the management of employees and their relationship with the organization. It involves the recruitment, selection, training, and maintenance of a…
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The Roles of a Managers
Managers are the people in the organization responsible for developing and carrying out this management process. The four primary functions of managers are planning, organizing, leading, and controlling. By using the four…
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Scientific Management by Frederick Taylor
Scientific Management, developed by Frederick Winslow Taylor in the late 19th century, is a management theory that focuses on optimizing productivity and efficiency in the workplace. Taylor’s approach revolutionized industrial practices by…
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Management as an Art, Science, and Profession
Management as an Art The main elements of art are — Personal Skills Practical know-how Application of knowledge Result orientation Creativity Constant practice aimed at perfection Management is basically an art because…
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Vroom’s Expectancy Theory of Motivation
Expectancy theory is a motivation theory first proposed by Victor Vroom of the Yale School of Management in 1964. The theory also assumes that people are rational and logically calculating. Maslow’s Hierarchy of…
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Elon Musk: Biography, Success, Inspiration
Elon Musk, the billionaire entrepreneur, and innovator, is widely regarded as one of the most influential and inspirational figures of our time. He has been involved in a diverse range of industries,…
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Difference between groups and teams
When we use the terminologies, group and team, we mostly take these as synonyms of each other. Though both refers to the assemblage of two or more individuals, a team is a…
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Herzberg Two Factor Theory
Herzberg Two Factor Theory is also known as the Herzberg’s motivation-hygiene theory and dual-factor theory was coined by Frederick Herzberg in 1959. What is the Two Factor Theory? Herzberg Two Factor Theory or Herzberg’s Motivation-Hygiene Theory, argues that there…
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What Is the Stock Market and How Does It Work?
You must have heard the word Stock Market on the internet or people near by you talk about it. (Stock Market and Share Market are same, just to different name.) If you’re interested…
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What is Banding ? Characteristics , Advantages and its Importance
Branding is one of the most important components of product mix. What is Branding ? The process of giving a name, sign or symbol to a product is called branding. Through branding, firm…