What's it: Management level is a hierarchy within an organization according to status or authority, from highest to lowest. The three typical levels are top-level management, middle-level management, and lower-level management. Higher levels
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Authority: How It Works, Sources, Types, Examples
What's it: Authority is legitimate power, given by the rules and recognized by other parties. It allows one to demand action and expect obedience from others. For example, suppose a company gives a manager authority. In that case, it gives him
Levels of Hierarchy: Definition and Brief Explanation
What's it: Levels of hierarchy refer to the various levels within the organizational structure at which authority and responsibility are attached. Higher levels have higher authority and decision-making power. In addition, they are responsible
Optimizing The Business: A Comprehensive Guide to Operations Management
Operations management is a critical function within any organization, ensuring the smooth and efficient transformation of resources into finished goods or delivered services. This comprehensive guide delves into the core principles of operations
Understanding Performance Appraisals: A Clear and Concise Guide
Understanding employee appraisals is a critical skill for success in the business world. This guide delves into the concept, its various forms, and its significance for both companies and employees.What is a performance appraisal?Employee
Small Business Loans for Savvy Investors
Small business loans are the lifeblood of many businesses, providing crucial capital to fuel growth, innovation, and job creation. They also offer a compelling investment opportunity for investors seeking diversification and potentially high returns.
Key Objectives of the Operations Department to Achieve Operational Excellence
The operations department is the backbone of any business, and its goals directly affect a company's success. This department tackles a variety of tasks, from efficiently designing and producing products to keeping the right amount of supplies on
6 Key Focus Areas of Operations Management
Operations management is a critical function in the business. It encompasses several key focus areas, each contributing to a business's overall success and efficiency. These key focus areas of operations management include:By effectively
Servant Leadership: Meaning, Characteristics
What's it: Servant leadership is a leadership style that puts forward the service of others. Leaders meet others' needs, help them grow, and provide opportunities for them to be rewarded materially and emotionally. In this sense, the leader goes
Adam’s Equity Theory: How It Works and A Brief Explanation
What's is: Adam's equity theory is a motivational theory by links employee motivation and satisfaction with fairness for what is received from the company. Therefore, employees will naturally compare what they give to the company with what they
Herzberg’s Theory of Motivation: Examples and Explanations
What's it: Herzberg's theory of motivation outlines two important factors for satisfying and motivating us. First, we have basic needs, and when they are met, we are satisfied. And, if not fulfilled, we are disappointed. However, meeting these
Maslow’s Hierarchy of Needs: Importance, Order of Needs and Criticism
What's it: Maslow's hierarchy of needs is a theory to show how our needs vary and have levels, from the most basic to the least important. Maslow divides our needs into a pyramid with five hierarchies, starting from the lowest (most basic) to