Human Resource Management (HRM) involves strategically managing an organization’s employees with the aim of maximizing their performance and ensuring their well-being.
Incentive Compensation includes bonuses, commissions, and other financial rewards designed to motivate employees and align their performance with organizational goals.
A performance audit evaluates the economy, efficiency, and effectiveness of an organization's operations. It is a comprehensive assessment aimed at improving organizational outcomes by identifying areas for improvement.
Strategic objectives refer to the long-term, overarching goals set by top management to guide an organization towards achieving its mission and vision. They are critical in aligning resources, driving performance, and ensuring sustainable growth.
A comprehensive guide to Operations Management, exploring the principles and practices that drive efficiency in business operations.
