Change management is the systematic approach which deals with the transition or transformation of different organisational objectives, processes, core values, or technologies.Read more
Management process is basically a process of setting goals, planning, organizing, controlling and leading the execution of any type of activities such as a project or a process.Read more
Management vs administration: Management is the act of managing people and their work for achieving an organization’s goal using its resources where administration is an organized process of administering the management of an organization.Read more
What is Productivity?
The productivity of a production system is similar to the efficiency of the production system. Productivity may be defined as the ratio of the output of the system to its input.
Production is the transformation of raw material into finished goods. planning looks ahead anticipates possible problems and decides in advance as to how the production carried out in the best way.
Control makes sure that the programmed production is constantly maintained.
Production is a process of value addition, which is developed to transform a set of input elements like man, raw material, capital, energy, information into finished products and services in proper quality and quantity.Read more
The process of evaluating the feasibility of a new product or service through research conducted directly with possible customers is called market research or marketing research.Read more
We can define lean manufacturing as a production process based on an ideology of maximizing productivity while simultaneously minimizing waste within a manufacturing operation.Read more
Project Management is the process of leading the work of a team to achieve goals and meet the success criteria of an organization at a specified time. The primary challenge of it is to achieve all the project goals within given constraints. The primary constraints are time, budget and scope. The secondary challenge is to optimize the allocation of vital inputs and apply them to meet pre-planned aims.Read more
cost control is a process of regulating or control the cost of operation within an organization. Basically, it is the practice of identifying and reducing business expenses to increase profits.Read more