1.CONSISTS OF TWO WORDS : CORPORATE PLUS GOVERNANCE
2.A CORPORATE MEANS A LEGAL ENTITY AND THAT EXIST INDEPENDENT OF PERSONS WHO
HAVE FORMED IT AND IS VESTED WITH MANY OF THE RIGHT GIVEN TO HIS INDIVIDUALS
AND BASICALLY GOVERNED BY BORAD OF DIRECTORS WITH THE CONSENT OF SHAREHOLDERS
3.GOVERNANCE : DERIVED FROM THEO WORD GUBERNARE WHICH MEANS TO RULE TO STEER
4.GOVERNANCE IS THE ACT OF FRAMING PLANS AND POLICIES,MONITORING THE SAME TO
ENSURE THEIR PROPER IMPLEMENTATION AND ACCEPTING THE ACCOUNTABILITY FOR THE
AFFAIRS OF A CORPORATION
5.CORPORATE GOVERNANCE IS THE SYSTEM OF RULES,PRACTICE AND PROCESSES BY WHICH
A FIRM IS DIRECTED AND CONTROLLED. IT TRIES TO BALANCE THE INTERESTS OF
COMPANY’S STAKEHOLDERS SUCH AS SHAREHOLDERS,MGMT,CUSTOMERS,SUPPLIERS,FINANCIERS,GOVT
AND THE COMMUNITY
1.OF ALL THE TASK OF MANAGEMENT, MANAGING THE HUMAN COMPONENT IS THE CENTRAL
AND MOST IMPORTANTTASK OF MANAGEMENT,
TASK BECAUSE ALL DEPENDS UPON HOW WELL IT IS DONE. ACCORDING TO THE FIVE MS OF
MANAGEMENT I.E MEN,MONEY,MACHINE AND MATERIALS AND METHODS. HRM DEALS WITH FIRST
M WHICH IS MEN. IT IS NOT EASY TO MANAGE THE MEN
2.HUMAN RESOURCE MANAGEMENT IS CONCERNED WITH ALL ASPECTS OF MANAGING THE
HUMAN RESOURCES OF AN ORGANIZATION
3.IT INVOLVES DETERMINING THE ORGANIZATION’S NEED OF HUMAN RESOURCES,
RECRUITING AND SELECTING THEBEST
AVAILABLE EMPLOYEES,DEVELOPING,COUNSELLING AND REWARDING EMPLOYEES, ACTING AS
LIAISON WITH UNIONS AND GOVERNMENT ORGANIZATION AND HANDLING OTHER MATTERS
RELATING TO THE WELL BEING OF THE EMPLOYEES
1.ECONOMIC PLANNING MEANS UTILIZATION OF COUNTRY’S RESOURCES IN DIFFERENT
DEVELOPMENT ACTIVITIES IN ACCORDANCE WITH NATIONAL PRIORITIES.
2.ECONOMIC PLANNING REFERS A SYSTEM UNDER WHICH A CENTRAL AUTHORITY SETS A SET
OF TARGETS AND SPECIFIES A SET OF PROGRAMMES AND POLICIES TO ACHIEVE THOSE
TARGETS WITH IN SPECIFIED PERIOD OF TIME
3.THE MAIN FOCUS IS TO RATIONAL UTILIZATION OF LIMITED RESOURCES SO THAT
SOCIAL WELFARE IS MAXIMIZED.
4.IN INDIA,THE IDEA OF ECONOMIC PLANNING BECAME A REALITY WITH THE SETTING UP
OF PLANNING COMMISSION IN 1950 UNDER THE CHAIRMANSHIP OF PROFESSOR MAHALNOBIS
1.IS OUR CODE
OF CONDUCT. MEANS THE MORAL VALUES WHICH WILL DETERMINE AND DISTINGUISH BETWEEN
WHAT IS DESIRABLE AND WHAT IS UNDESIRABLE AND BETWEEN WHAT IS ACCEPTABLE AND
WHAT IS NOT ACCEPTABLE
2.ETHICS ARE
SET OF RULES AND STANDARDS THAT GUIDE
OUR BEHAVIOUR
3.ETHICS MAY OR
MAY NOT BE WRITTEN
4.ETHICS ARE
THE WELL GROUNDED STANDARD OF RIGHT AND
WRONG THAT DICTATE WHAT HUMAN OUGHT TO DO.
5.PERSONAL
ETHICS WHICH GUIDE OUR BEHAVIOUR
6.PROFESSIONAL
ETHICS WHICH GUIDE OUR PROFESSIONAL CONDUCT
1.ORGANIZING IS
THE PROCESS OF IDENTIFYING AND GROUPING OF VARIOUS ACTIVITIES IN THE
ORGANIZATION AND ASSIGNING THEM TO VARIOUS PERSONS,WORKING TOGETHER FOR
ACHIEVING SPECIFIC ORGANIZATIONAL GOALS.
2.FOUNDATION OF
THE SUCCESSFUL MANAGEMENT
3.PROCESS OF
DEFINING RELATIONSHIP TASKS AND DUTIES AMONG MEMBERS OF AN ORGANIZATION WITH
MINIMUM RESOURCES
4.ORGANIZATION
IS THE STRUCTURAL FRAMEWORK OF DUTIES AND RESPONSIBILITIES REQUIRED OF
PERSONNEL IN PERFORMING VARIOUS FUNCTIONS WITH A VIEW TO ACHIEVE BUSINESS GOALS
THROUGH ORGANIZATION.
