Essential Human Resource Management Concepts and Functions
1. Human Resource Management (HRM) – Introduction
Human Resource Management (HRM) is the strategic approach to managing people effectively in an organization to achieve organizational goals and improve employee performance.
Definition
HRM is concerned with recruitment, development, motivation, and maintenance of human resources in an organization.
Objectives of HRM
- To ensure optimum utilization of human resources
- To improve employee efficiency and productivity
- To maintain healthy industrial relations
- To
Project Appraisal Methods and Business Viability Assessment
Project Appraisal Techniques and Business Viability
Project appraisal techniques are systematic methods used to evaluate the economic, financial, technical, and operational viability of a proposed investment project. They are primarily used to determine whether a project will generate adequate returns to justify the initial capital outlay and to select the best option among competing alternatives.
The techniques are broadly categorized into two main groups based on whether they account for the Time
Read MoreSupply Chain Network Design Factors and Uncertainty Impact
Factors Influencing Network Design
Supply chain network design involves strategic, long-term decisions concerning facility location, capacity, and market allocation. These choices directly influence cost, responsiveness, and overall supply chain performance.
Strategic Factors
- A firm’s competitive strategy dictates network structure. Cost leadership favors low-cost locations; responsiveness focuses on proximity to markets.
Technological Factors
- Production technologies and economies of scale affect facility
McDonald’s Strategic Framework: PESTEL and VRIO Analysis
Strategic Analysis of McDonald’s Corporation (MCD)
I understand you need the full, comprehensive analysis of the McDonald’s case, including the PESTEL, Porter’s 5(6) Forces, and internal RBV/VRIO analysis, presented as a cohesive, thoughtful response for your exam preparation.
The field of strategic management combines Analysis, Formulation, and Implementation in the continuous quest for competitive advantage. A firm achieves superior performance, which is defined relative to competitors, by successfully
Read MoreThe Evolution of India’s Financial Sector: Banking and IRDAI Regulation
The Indian Banking System: Evolution and Structure
The Indian banking system has undergone a massive transformation from a fragmented, private-dominated sector to a robust, technology-driven landscape. This evolution was fundamentally reshaped by two waves of nationalization in 1969 and 1980.
Key Features of Modern Indian Banking (2025)
The modern Indian banking system is characterized by its diversity, stringent regulation, and rapid digital adoption.
- Multilayered Structure: The system is supervised
Key Concepts in Critical Social and Digital Theory
Essential Concepts in Critical Social and Digital Theory
Power, Discipline, and Surveillance
Panopticon
- Author(s): Jeremy Bentham / Michel Foucault
- Definition: A design for a circular prison in which all inmates can be observed by a single guard without knowing when they are being watched.
- Expanded Explanation: The concept illustrates visibility as a method of social control; the uncertainty produces self-regulation.
- Detailed Example (Exam-Ready): CCTV in public spaces makes people behave as though they