Everything you need to know about the definitions of performance appraisal. After selection, training and development of employees and they being on job for some time, it is essential to appraise their performance which will give a fairly good idea about the effectiveness of the processes of selection, training and development undertaken by the organisation. The outcome of performance appraisal [...]
Everything you need to know about the definition of management. Management is a distinct process of planning, organizing, actuating and controlling, performed to determine and accomplish stated objectives with the use of human beings and other resources. Management is the process of designing and maintaining an environment in which individuals, working together in groups, efficiently accomplish selected aims. Management is [...]
The following points highlight the top four definitions of economics by eminent economists of all times. The definitions are: 1. Wealth Definition of Economics by Adam Smith 2. Alfred Marshall’s Definition of Economics 3. Robbins' Definition of Economics 4. Modern Definition of Economics. 1. Wealth Definition of Economics by Adam Smith: Economics is sometimes defined as the science of wealth. [...]