Human resource departments typically conduct activities designed to train and develop the organization’s personnel, whether to deal with performance problems or help prepare an employee for a management role. In addition to formal training courses (such as instructor-led sessions, web-based training and seminars), organizations should be mindful to offer flexible alternatives such as coaching, mentoring and job-rotation experiences. Developing employee aptitude involves managing programs such as employee orientation sessions, policy and procedure awareness sessions, leadership [...]

With the expansion of technology the World Wide Web has inevitably become has emerged as not only a global source of information, but is also a place for commerce, a market place on its own. Considering the wide spread Internet access available now, businesses are now able to reach untouched potential customers. However, to maximize any business medium, one first needs to understand what the positive potential can be. Such is the positive potential that [...]

In developed economies, most workers specialize in performing particular tasks in production of a good or service. Very few workers make a complete product. Firms, regions and countries. For example Sri Lanka and The Maldives, concentrate on tea and tourism respectively. The division of labour The division of labour id the splitting of the production process into a number of individual operations and making each operation a special task of one worker. So it involves [...]

There are many definitions of communication. Out of which the most widely accepted being, By Eric Moonman, The Manager and The Organization. “Communication is the activity whereby an individual or group conveys, consciously or unconsciously information to another individual or group and, where necessary, evokes a response. The information transferred maybe facts, feelings, or ideas.” Communication might be usefully defined as the process by means which meanings are exchanged between people through the use of [...]

Since it’s specifically difficult to identify the reasons for or factors that contribute to inflation, many theories and concepts have been introduced for this purpose. Each theory tries to clarify the supply and demand factors that result in the creation of an inflationary situation. The main theories of inflation are as follows, Quantity Theory of Money Keynesian Theory Monetarism Structuralism Quantity Theory of Money This refers to the identical or equal relationship between national income [...]

Inflation can be broadly identified as a continues increase in the general price levels of a give country, over a certain period of time (relatively longer durations or period of time and countries in general price levels). In simple terms it is the persistent rise in the general price levels. However a temporary price increase or an increase in the prices of a few goods will not amount to inflation. Such situations will not amount [...]