Discuss the human resources movement view of motivation 2) Discuss the different type of operating budgets and financial budgets.
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
Course:
1) Discuss the human resources movement view of motivation
2) Discuss the different type of operating budgets and financial budgets.
1.Discuss the human resources movement view of motivation
The human relations movement in organisational behaviour, in contrast, places more emphasis on the individual and examines what inspires and supports their success in the workplace. Workplace cultures have become crucial to a successful business.
Human Relations Approach Elements
The six main components of the human relations approach are as follows:
Teams: Elton Mayo stressed the value of naturally occurring groups in which social factors take precedence over practical business frameworks.
Mayo also emphasised the significance of reciprocal communication in her excellent upward communication. According to him, communication goes both ways—from lower-level employees to senior executives and vice versa.
Dynamic leadership: Mayo also stressed the significance of creating high-quality leadership to guarantee that workers are aware of business objectives and managers are able to make wise decisions.
Working conditions: Creating favourable working conditions for employees to boost productivity is a key component of the human relations approach.The business must guarantee that the physical working environment is secure and that social and other relevant circumstances are favourable to employee performance.
Rewards: Mayo discovered that non-monetary incentives work well to increase staff productivity.
Individualism of employees: According to Mayo, in order to boost productivity, it is crucial to understand what drives each individual.
Businesses that are solely concerned with production and earnings fail to take into account people's behavioural problems. The human relations movement in organisational behaviour, in contrast, places more emphasis on the individual and examines what inspires and supports their success in the workplace. The way that employees view their jobs has become crucial to a successful business. Let's travel through the past to discover how the movement came to play a vital role in organisational behaviour (OB)
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