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Archive for the ‘My Notes’ Category

Industrial relations has become one of the most delicate and complex problems of modern industrial society. Industrial progress is impossible without cooperation of labors and harmonious relationships. Therefore, it is in the interest of all to create and maintain good relations between employees (labor) and employers (management).
Concept of Industrial Relations:
The term ‘Industrial Relations’ comprises of [...]

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If any time an employer or CBA finds and industrial dispute is likely to arise, shall communicate his or its view in written format to other party.
After 15days of receipt the letter, the party should consult with other party for [...]

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Safety Committee

It is a group of individuals who provide staff support to the line organization in support of the safety effort. It includes occupational and Industrial safety, system safety, industrial hygiene, health, occupational medicine, environmental safety, fire   protection, reliability, maintainability and quality assurance personnel.
Safety committee is constituted to promote safety of employees through mutual co-operation between [...]

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Introduction Of Trade-Unions
A trade union can be seen as a group of employees in a particular sector, whose aim is to negotiate with employers over pay, job security, working hours, etc, using the collective power of its members.

Features of trade unions:

1. It is an association either of employers or employees or of independent workers. [...]

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Collective bargaining

1
Collective Bargaining
Collective bargaining is process of joint decision making and basically represents a democratic way of life in industry.
Bargaining Form And Tactics
A collective bargaining process generally consists of four types of activities- distributive bargaining, integrative bargaining, attitudinal restructuring and intra-organizational bargaining.
Distributive bargaining: It involves haggling over the distribution of surplus. Under it, the economic [...]

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Around late 1987, a renowned business professional of our country, first floated the idea of forming of forming an association of the Computer Industry which could serve as a common base for this industry to express its views to the Government. The idea was that by forming a group or an association the interest of [...]

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LEARNING OBJECTIVES
Upon completion of this chapter, the students should be able to:
1. Define organizational culture.
2. Describe how organizational culture is transmitted.
3. Describe national, regional, and industry determinants of culture.
4. [...]

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The Production Possibility Frontier (PPF) or Production Possibility Curve (PPC) is the graphical expression of both the concepts of scarcity and opportunity cost. It shows the maximum amounts of production that can be obtained by an economy. (Assuming that the technological knowledge and quantity of input is fixed and the economy operates at its’ level [...]

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Opportunity Cost

Many see the concept of opportunity cost as one of the very few profound “eternal truths of economics,” which is a result of the universal nature of scarcity as the central economic problem.
Opportunity cost is a term used in economics, to mean the cost of something in terms of an opportunity forgone (and the benefits [...]

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Scarcity

All the natural resources are not abundant. This term ‘Not abundant’ is called ‘scarcity’ in the terminology of economics that simply refers to limited supply of specific kind of natural resource. Scarcity or limited supply configures a natural resource as an economic resource.  So more specifically, Scarcity means not having sufficient resources to produce enough [...]

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