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One of the most important steps in the training process is the establishment of the training needs. IN using this term we are implying that there are weaknesses somewhere in the system, which demand strengthening by means of training in some form or other. It is common to define a training need as the gap, which exists between the true requirements of a given job and the present capabilities of the incumbent. However, we must not confine our definition solely to ...
The global or international environment is very important from the point of view of certain categories of business. It is particularly important for industries directly depending on import competing industries. For example a recession in foreign markets or the adoption of protectionist policies by foreign nations may create difficulties for industries depending on exports. On the other hand a boom in the export market or a relaxation of the protectionist policies ...
Policy formulation refers to the designing of policies. The formulation of policies is generally a function of all managers. However, the higher a manager is in the organisation the more important is his role in policy-making. However, policies can be effective only when they are acceptable to those who are to use them. Therefore, the various functional and departmental executives should be actively involved in the formulation of policies.
The process of ...