Digital logic circuits 1 min read
AND-OR&NAND Networks
AND-OR networks are Boolean networks where each coordinate function is either the AND or OR logical operator. We study the…
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Ideas and explainers from across SenseCentral.
Principle of Management 1 min read
Values
Values are the basic beliefs that define employees’ successes in an organization. A hero is an exemplary person who reflects the image, attitudes, or values of the organization and serves as a role model to other employees. A hero is sometimes the founder of the organization (think Bill Gates of Microsoft).
Principle of Management 1 min read
Organizational Culture
Organizational culture is an organization’s believes and values that represent its personality. Just as each person has a distinct personality, so does each organization. The culture of an organization distinguishes it from others and shapes the actions of its members.
Principle of Management 1 min read
Company Policies
Company policies are formal guidelines and procedures that direct how certain organizational situations are addressed. Companies establish policies to provide guidance to employees so that they act in accordance to certain circumstances that occur frequently within their organization. Company policies are an indication of an organization’s personality and should coincide with its mission statement.
Principle of Management 2 min read
Mission and Vision
Mission and vision are both foundations of an organization’s purpose. These are the objectives of the organization that are communicated in written. Mission and vision are statements from the organization that bring out what an organization is set for, what is its purpose, its value and its future. A popular study by a consulting firm reports that 90% of the Fortune 500 firms surveyed issue some form of mission and vision. A Mission Statement defines the company’s goals, ethics, culture, and norms for decision- making. They are often longer than vision statements. Sometimes mission statements also include a summation of the firm’s values. Values are the beliefs of an individual or group, and in this case the organization, in which they are emotionally invested.
Principle of Management 1 min read
Management Organization
A management environment within an organization is composed of the elements like its current employees, management, and especially corporate culture, which defines employee behavior. Although some elements affect the organization as a whole, others singularly affect the manager. A manager’s philosophical or leadership style directly impacts the employees. Traditional managers give explicit instructions to employees, while progressive managers empower employees to make most of their own decisions. Changes in philosophy and/or leadership style are under the control of the manager. Let us look at some of the important components of a management environment.
Principle of Management 2 min read
Management Defined
Management has been defined by various authors/authorities in various ways. Following are few often-quoted definitions: Management guru, Peter Drucker, says the basic task of management includes both marketing and innovation. According to him, “Management is a multipurpose organ that manages a business and manages managers, and manages workers and work.” Harold Koontz defined management as “the art of getting things done through and with people in formally organized groups.” All these definitions place an emphasis on the attainment of organizational goals/objectives through deployment of the management process (planning, organizing, directing, etc.) for the best use of organization’s resources. Management makes human Effort more fruitful thus effecting enhancements and development. Management is the process of planning, organizing, leading, and controlling an Organization’s human, financial, physical, and information resources to achieve Organizational goals in an efficient and effective manner. The principles of management are the means by which a manager actually manages, that is, get things done through others—individually, in groups, or in organizations. Formally defined, the principles of management are the activities that “plan, organize, and control the operations of the basic elements of [people], materials, machines, methods, money and markets, providing direction and coordination, and giving leadership to human efforts, so as to achieve the sought objectives of the enterprise.”
Principle of Management 3 min read
Micro Environment (Inner Environment)
These are the factors within an organization that can be controlled and affect the immediate area of anorganization’s operations. Though not all factors can be effectively controlled, but relative to the macro environment factors, a visible control can beexercised in this case. Following are some of the micro environment factors: Employees Employees exert great influence on the oorganization. It is imperative to find the right people for each job. Organizations need to motivate employees positively and retain specialized talent. Owners and theManagement Investors are major influencers on a company’s revenue andoperations. It is important that the owners are satisfied with the company. It is the manager’s job to balance the aims of the company and the owners. Consumers Competition and consumerism has rendered multiple alternatives for the same product in different brands. Organizations recognize that it is in their own interest to keep consumers happy. Suppliers…
Principle of Management 2 min read
Macro Environment (Outer Environment)
Factors that indirectly impact the organization, its operation and working condition is known as the outer environment or macro environment. These external factors cannot be controlled by the organization. Following are some of the macro environment factors: Political-legal environment The country’s unique political and legal landscape within which organizations function. The effects of this are quite visible. For e.g.: the effect of changing taxes or raising interest rates. Technology Companies have to carefully evaluate the technological developments that it wishes to embrace as it is a cost intensive factor and provide millions in return to one company and take millions from another. Socio-cultural environment The means of communication, the country’s infrastructure, its education system, the purchasing power of the citizens, family values, work ethics and preferences, etc.
Digital logic circuits 4 min read
Timing Analysis
Timing analysis is the process used to verify that the timing requirements of each chip in a circuit are met.…
