#11 Mnemonics for class 12th Business Studies Unit 6 ''STAFFING'' and chapter ''TRAINING AND DEVELOPMENT''

Today's topic is about  Mnemonics for class 12th Business Studies Unit 6 ''STAFFING''  and chapter ''TRAINING AND DEVELOPMENT''

                                STAFFING

                      Training and Development

• FEATURES OF TRAINING(Mujhe trading companies ke exports rates do)

               Mujhe Trading - Trading and development are different

               Companies - Continuous process

               ke Exports - Expense on training is investment not wastage

               Rates do - Relates to a special job.

• DIFFERENCE BETWEEN TRAINING AND DEVELOPMENT( Joya pune me science nahi padhti)

                Joya - Job or carrer

                Pune - Purpose

                Me - Meaning

                Science - Scope

                Nahi padhti - Nature

#10 Mnemonics for class 12th Business studies unit 6 "Staffing" and chapter "Staffing ; concept and importance"

Today's topic is about Mnemonics for class 12th Business studies unit 6 "Staffing" and chapter "Staffing  ; concept and importance"

STAFFING

                                        Staffing : concept and importance

• FEATURES OF STAFFING(Separate relationship is essential for effective relationship)

          Separate - Separate managerial function

          Relationship - Related to Human Being

          is Essential - Essential at all managerial levels

          for Effective - Effect of internal and external environment

          Relationship - Related to social responsibility

• IMPORTANCE OF STAFFINF( I D B C O)

          I - Improves job satisfaction

          D - Discovering and obtaining competent personnel

          B - Better performance

          C - Continuous survival of enterprise

          O - Optimum utilisation of human resources

   

#9 Mnemonics for class 12th Business Studies Unit 5 "ORGANISATION" and chapter 3 "Delegation and decentralisation"

Mnemonics for class 12th Business Studies Unit 5"ORGANISATION" and chapter 3 "Delegation and Decentralisation"

                           ORGANISING

             Delegation and Decentralisatio

• DIFFERENCE BETWEEN AUTHORITY AND RESPONSIBILITY( Meri OR Eski Di)

                    Meri - Meaning

                    OR - Origin

                    Eski - Essence

                    Di - Direction or flow

• IMPORTANCE OF DELEGATION OF AUTHORITY(Effective motivation to employees facilitates Coordination)

                    Effective - Effective management

                    Motivation - Motivation of employees

                    to Employees - Employee development

                    Facilitates - Facilitation of growth

                    Coordination - Better Coordination 

• DIFFERENCE BETWEEN DECENTRALISATION AND DELEGATION OF AUTHORITY(Nayi science ki pustak free)

                    Nayi - Nature

                    Science - Scope

                    ki Pustak - Purpose

                    Free - Freedom of actions

                           

#8 Mnemonics for class 12th Business Studies of unit 5 ''Organising'' and chapter 1 '''Organising : Importance and Process"

Today's topic is about mnemonics of class 12th Business Studies of Unit 5.

                                   ORGANISING

                                   Organising : Importance and Process

• Features of Organising(D C P C O)

                D - Division of work                                                                                                                   C - Common objectives
                P - Plurality of persons
                C - Coordination
                O - Organisation is a machine of management  

• IMPORTANCE OF ORGANISING(A B C D E)

                A - Adaption of change
                B - Benefit of specialisation
                C - Clarity in working relationship
                D - Development of personnel
                E - Expansion and growth

• ORGANISING PROCESS(IDEA sim)

                 I - Identification and division of work
                D - Departmentalisation
                E - Establishing reporting relationship
                A - Assignment of duties

•  MAIN FEATURES OF FORMAL ORGANISTAION(MI BraND)

                M - More stable
                I  - Impersonal
                B - Based on division of work
                R - Based on Rules and procedure 
                D - Deliberately created 

• ADVANTAGES OF FORMAL  ORGANISATION(SUNG)]

                S - Stability in organisation
                U - Unity of command possible
                N - No overlapping of work
                G - Getting goals   

• FEATURES OF INFORMAL ORGANISATION(PIN)

                p - It is Personal/ no Place  in organisational chart
                I - Independent channel of communication/It lacks stability

                N - No written rules/ Not deliberately created

•          DIFFERENCES BETWEEN FORMAL AND INFORMAL ORGANISATION( Me And Nayra are Original Leader)

                 Me - Meaning

                 And - Authority

                 Nayra - Nature

                 are Original - Origin 

                 Leader - Leadership

                   

#7 Mnemonics of class 12th Business Studies Unit 4 "Planning and types of plans"

Today's topic is about mnemonics of class 12th Business Studies of Chapter ''Planning and its types''

                                    ''PLANNING''

                     ''Planning and its types"

So guys, today we will talk about the concept planning. A simple question arises there, what is planning?? The simplest answer of this question is that planning refers to thinking before hand.In my ways the features, importance and limitations of planning are not so hard to learn. So i have not provided the mnemonics of these topics.

Some further mnemonics are.....

• Difference between Single use plans and Standing plans

          The basis of differences are....

1. Mere - Meaning
2. Science - Scope 
3. Student - Stability
4. Extra - Example
5. Obedient - Objective

• Types of standing plans

         Rate - Rule

         Per - Policy and Procedure

         Minute - Method

         

#6 Mnemonics of 12th class Business studies unit 3 ''Management and Business environment"

Today's topic is about mnemonic of class 12th business studies of chapter 1(Management of Business Environment) of unit 3.

                                 Management and Business Environment

• Features of Business environment(DUSTR may be called DUSTER)

               D - Dynamic nature
               U - Uncertianty
               S - Specific and general forces
               T - Totality of external forces
               R - Relativity

• Importance of Business Environment(Tappu improve your wifi company)

               Tappu - Tapping useful resources
               Improve - Improvement in performance
               Wi - Warning signal
               Fi - First mover advantage
               Company - Coping with rapid changes

• Dimensions of Business Environment(LETS Play)

                L - Legal 
                E - Economic
                T - Technological 
                S - Social
                Play - Political

•        Major steps of economic reforms(Nayi nayi FM CD)

                Nayi - New industrial policy
                Nayi - New trade policy
                F - Fiscal reforms
                M - Monetary reforms
                C - Capital market reforms
                D - Dismantling price control        

#5 Mnemonics for class 12th Business studies unit 2 "Principles of Management"

TODAY'S TOPIC IS ABOUT MNEMONICS OF CLASS 12TH BUSINESS STUDIES OF CHAPTER 2(PRINCIPLES OF MANAGEMENT : CONCEPTS AND SIGNIFICANCE) OF UNIT 1(PRINCIPLES OF MANAGEMENT) 

                             Principles of Management

        Scientific Management: Principles and Techniques

• Features of Scientific Management(BIDS)

           B - Brings complete mental change

           I - Improves the efficiency of workers

           D - Discards traditional management

           S - Systematic approach

• Principles of Scientific Management(Haryana Sott Company Development)

           Haryana - Harmony, not discord

           Scott      - Science, not rule of thumb

           Company - Cooperation, not individualism

           Development - Development of each and every person to his greatest efficiency and prosperity