Guide for all

  IMPACT OF POLITICAL ENVIRONMENT ON BUSINESSES     Many political decisions taken by ruling party have serious economic and business implications. In the past communists and other leftists favored state control and were against private capital, particularly foreign investment and international control over local business and property. On the other hand, USA allows and encourages private ownership. Important economic policies such as industrial policy, policy towards foreign capital and technology, fiscal policy and foreign trade policy are often political decisions. Therefore, a business manager must be familiar with the ideologies and past approaches of key political parties to analyze possible future policies of existing and forthcoming ruling parties.   The goal of any government is to run the country according to their respective ideology for the attainment of economic prosperity and political stability. The following are several ways in which political factors are aff

HUMAN RESOURCE MANAGEMENT  And IT’S BASIC FUNCTIONS . Definition and Introduction : Human resource management is a complete study of human behaviour and their responses on different situations. It makes it easy for the management to retain their employees and build up a good relationship with them. We can formally define human resource management as follows: “Human resource management is planning, organizing, leading, controlling, maintenance, separation of resources to the end of the individual, organizational and social objectives.” This is a brief and quite easy definition of HRM, and it can help you better understand the concept of Human resource management. Basic Functions of human resource management: Now, let us discuss the whole idea of human resource management in detail under the light of these points. 1.     Planning: The first step in human resource management is planning. Or you can say that the core building of HRM is dependent on this basic step. T