DETAILS ABOUT SPECIALIZATION SUBJECTS | PURBANCHAL UNIVERSITY BBA SYLLABUS
ROUTINE PUBLISHED 2079-07-21 | BBA | THIRD | FIFTH | SEVENTH SEMESTERS
The examination will start from 2079-08-014 and ends at 2079-09-04. Do check below
Seventh Semester
Second Semester
INTERNSHIP REPORT FORMAT AND GUIDE | PURBANCHAL UNIVERSITY BBA| MANAGEMENT MINDS
Here the university approved/directed format and guidelines to prepare report of internship .
Internship is compulsory for students of 7th semester with proper reporting. So, check out the below guide on how to prepare reports:-
Disclaimer:- The above format is published by University and is changeable with time. So do refer to university website for latest format in future .
Download Internship Reports
We have added some internship reports here in below attached Drive Link, you can access all of those files from link.
Here are the List of Reports in Drive.
1. Bank -
Check link below:-
2. Corporate & Industry
Check link below:-
And many more.....
Note:- If you have any internship report you can directly upload it in same link, this will really help a lot of people so I hope to see more reports in drive. As we are Community let's work as Community by helping each other, What Say ? ;)
SQL PRACTICAL PART SOLVED FROM QUESTIONS SETS OF 2014 TO 2018 _3rd SEMESTER _DBMS_BY SONEE GUPTA
See the image below for solutions of programming/ practical part of questions sets of 2014 to 2018
MORE:-
NFTs and CRYPTOCURRENCY: A BASIC GUIDE FOR ALL
WHAT ARE NFTs?
Lets understand the meaning of NFTs from various angles and viewpoint as explained below:-
NFTs, or Non-Fungible Tokens to give them their full name, are cryptographic assets held on a blockchain. Fungible, if you are not aware, is a word that originally derives from the Latin verb fungi meaning "to perform". In modern parlance, though admittedly mainly in legal jargon, it tends to mean "interchangeable".
NFTs (non-fungible tokens) might be the most confusing commodity on the internet right now. At its most basic, an NFT is computer code that represents ownership of digital items. But what does that actually mean? And why are they suddenly exploding in value?
NFTs are also called non-fungible tokens, and they are blockchain-held tokens that represent a unique asset – whether physical or digital. NFTs are secured on cryptocurrency blockchains, trading using Ethereum, Solana, Wax and other tokens. This means they are tied to the ebb and flow of cryptocurrency values, which is a positive and a negative.
NFT means non-fungible tokens (NFTs), which are generally created using the same type of programming used for cryptocurrencies. In simple terms these cryptographic assets are based on blockchain technology. They cannot be exchanged or traded equivalently like other cryptographic assets.
NFT stands for non-fungible token. “Non-fungible” means something is one-of-a-kind and can’t be replaced. Think of the Mona Lisa painting — there’s only one in the world. NFTs are digital assets that represent things like art, virtual avatars, GIFs, videos, trading cards and even memes.
NFTs are a special type of cybercurrency token. Each NFT is unique and tied to a specific digital asset. This digital asset can be any digital file, such as a music file, a video, or a picture file, and some also claim it can be a physical asset, such as a tennis shoe.
WHAT IS THE DIFFERENCE BETWEEN A NFT AND A BLOCKCHAIN ASSET?
BLOCKCHAIN are the basics for both NFTs and even cryptocurrency. NFTs are non tangible tokens that are essentially a digital file that can be created, traded and sold. Some NFTs are also attached to things like real estate.
NFTs have a nuanced relationship with the assets tied to them. While an NFT is designed to represent the original asset on the blockchain, the NFT itself is seen as a separate entity from any content it contains. Throughout this article, we’ve often compared NFTs to trading cards, and that analogy holds true here as well.
And as such, NFTs are ideal for storing real-world value. On the other hand, cryptocurrencies like Bitcoin are fungible – meaning that if you were to swap 1 BTC for another 1 BTC, nothing much changes. That is to say, you still have 1 BTC worth of value in your wallet.
Just like the money in your bank account, cryptocurrency is what you use for any and all transactions on the blockchain. Cryptocurrency can be purchased or converted into fiat currencies (dollars, euros, yen, etc.) via crypto exchanges. By contrast, an NFT is a unique and irreplaceable asset that is purchased using cryptocurrency. It can gain or lose value independent of the currency used to buy it, just like a popular trading card or a unique piece of art.
But the main difference is indicated in the name. Cryptocurrency is a currency. Like every other currency, it has only economic value and is fungible. That means that, within a particular crypto currency, it doesn’t matter which crypto token you have; it has the same value as the next one, 1 $ETH = 1 $ETH. But NFTs are non-fungible, and they have a value that goes way beyond economics.
Both are digital assets; and, while crypto came first, the general public began hearing about both around the same time in the late 2010s. According to Forbes, NFTs are commonly bought and sold with crypto and both tend to attract the same players — the NFT world branched off from crypto culture. Both are built using the same programming and encoded with the same underlying software and both are secured in digital wallets — but that’s where the similarities end.
WHAT ARE THE BENEFITS OF USING A CRYPTOCURRENCY FOR A BUSINESS?
By far the most important benefit of cryptocurrencies is their decentralized nature. This sets to remove intermediary institutions like banks from the equation when it comes to payment processing between the customer and supplier. Because of the secure nature of the blockchain, it is not necessary to have a "middle man" enforcing, tracking, and policing transactions like with traditional currencies. It also means there is not a single point of failure, such as a large central bank, which could mitigate against things like the 2008 banking crisis.
The next major benefit of cryptocurrencies is their ability to make fast and relatively cheap transfers between two parties. Since there is no intermediary processing data, transfers can be made very quickly and efficiently (although the time needed varies greatly). One example of this is something called "flash loans". These loans, in which capital is borrowed and repaid in one transaction, are processed without backing collateral, can be executed within seconds, and are used in trading.
The use of crypto for conducting business presents a host of opportunities and challenges. As with any frontier, there are both unknown dangers and strong incentives. That’s why companies venturing to use crypto in their businesses should have two things: a clear understanding of why they are undertaking that action and a list of the many questions they should consider.
From an investor's point of view, cryptocurrencies offer an unprecedented opportunity to grow your investment in a relatively short period of time - albeit with a lot of risks. The valuation of many of the older and tested cryptocurrencies like Bitcoin, Ethereum, etc, have skyrocketed over the last decade or so. Only ten years ago, for example, Bitcoin was valued at a yearly average of $5.27. At the time of writing, a single Bitcoin is now worth in excess of $37,000, which is a 7000% increase in ten years! Very few other investments have that kind of growth potential.
Another apparent benefit of cryptocurrencies is that they can, in theory again, be mined by anyone with a computer. While this was certainly true in the very early days of cryptocurrencies like Bitcoin, today it takes a considerable amount of computing power and energy to do so profitably. Nowadays, only more professional operations are able to reliably mine cryptocurrencies, which attracts enormous capital and energy expenses. Again according to MIT, somewhere in the region of 10% of miners produce 90% of all new cryptocurrency units.
If a company is ready to go beyond simply enabling crypto payments and intends to broaden crypto adoption within operations and the treasury function—in other words, to go the “hands-on” route—it may potentially find a significant increase in benefits, as well as in the number of technical matters to address.
MEANING OF 'I' IN GRADESHEET | PURBANCHAL UNIVERSITY GRADESHEET EXPLAINED
The latest grading system was updated on 2074-10-23,it is applicable since batch of 2016 with following changes in grading system:-
It's clear from above official notice from university that letter I in gradesheeet means incomplete or absent/not qualified.COMPANY MANAGEMENT: ROLES AND RESPONSIBILITIES | MANAGEMENT MINDS
In any business, there are many roles and responsibilities that need to be fulfilled in order to ensure the success of the company. Each role has a specific purpose that is important for the organisation as a whole. The following is an overview of some of the most common leadership roles and their corresponding responsibilities:h
Shareholders - As shareholders, it is their responsibility to monitor management closely and make sure that they are adhering to shareholder value objectives. It’s also important for them to engage with management on issues relevant to their interests.
Board of Directors - A board’s job is primarily focused on governance; this means overseeing all aspects of operations while ensuring compliance with corporate policies and regulations.
Shareholders are people who own a part of the company. They have the right to vote for directors and officers and have the power to influence the company's decisions.
Directors are responsible for the running of the company. They are elected by shareholders and are expected to represent their interests.
Officers are responsible for carrying out the instructions of the directors. They are usually employees of the company and are appointed by the directors.
The CEO is responsible for the overall running of the company. He or she is usually the founder or the person who has been running the company for the longest time.
The COO is responsible for the day-to-day running of the company.
The CFO manages the finances of the company.
The CTO is responsible for the technology of the company.
The CMO is responsible for marketing and communications.
The CLO is responsible for legal matters.
Roles of managers vary depending on the type of company. However, in most cases, they are responsible for the direction and objectives of the company.
The roles of shareholders, directors, officers, and managers in a company vary depending on the type of company, but they are all responsible for the direction and objectives of the company.
Tips to be a Successful BBA Student
THE ESEENTIALS OF WRITING
Writing is an essential component of life. Without it, we would be deprived of a number of important things. It is important for writing to be a way for us to express our ideas and thoughts, but it is also important for writing to be a form of entertainment. When we write, we are able to explore the world of our thoughts and ideas in a way that is both fun and personal. This article will help you understand the basics of writing and give you some pointers that will help you develop your own writing style.
1. The importance of writing
The importance of writing is often overlooked in today's society, as people are now more interested in technology and social media. In order to be a successful writer, one needs to put in the time and effort to write. Writing is a process that takes patience and practice. It is important to write regularly and to not give up. The more you write, the better you will get at it. The more you write, the more you will learn and the more you will be able to express yourself. The more you write, the better your writing will become.
2. The basics of writing
The basics of writing are the foundation of any creative endeavor, whether it's a personal essay, a novel, or even a blog. Whether you're just beginning your writing journey or you're looking to improve your skills, here are some tips to consider. - Write on subjects that interest you. - Research your chosen subject. - Keep the reader in mind. - Avoid cliches and jargon. - Write in the first person. - Write with a concrete image. - Write in chronological order. - Write in the present tense. - Write with a clear point of view. - Write with a logical progression. - Write with a conversational tone.
3. The structure of a piece of writing
The Essentials of Writing: The structure of a piece of writing The structure of a piece of writing is the order in which it is written. The structure of a piece of writing is a vital part of the writing process. The structure of a piece of writing can be different for different types of writing. For example, the structure of a piece of fiction is different from the structure of a piece of non-fiction. The structure of a piece of writing can be broken down into three different sections: the introduction, the body, and the conclusion. Introduction The introduction of a piece of writing is the first section of a piece of writing. The introduction is where the author introduces the topic of the writing and gives the reader background information. For example, if you are writing a memoir, the introduction could be where you talk about how you came to write the memoir. Body The body of a piece of writing is the section of the writing that has the most content. This is where the author talks about what they are writing about, how they are writing about it, and arguments they make. For example, if you are writing a piece of non-fiction, the body could be where you talk about
4. Conclusion.
Another important skill for any writer is editing. It is important for writers to put in the time necessary to edit their work. This is because writers need to be able to spot errors and make sure that their work is on point. They also need to be able to find the right words to use to describe their ideas. This makes it so that the reader can understand what they are reading.
------------------------------Article by Management Minds
The 5 Skill You Need To Manage a Team
Managing a team can be a lot of fun and rewarding, but it takes more than just passion and vision. You need a set of skills in order to be successful in your team. In this blog post, we will help you hone your skills so you can be the best manager you can be. We will share with you five important skills that every manager should have, and the best way to improve each skill. It’s time to take your team management skills to the next level, so read on to learn how!
1. Five essential skills every manager should have
Managers need to be able to manage the people on their team and motivate them. To do this, they need to be able to communicate effectively, delegate tasks, and be able to recognize the strengths and weaknesses of their team members. 5. Be able to delegate tasks 4. Be able to recognize the strengths and weaknesses of their team members 3. Be able to communicate effectively 2. Be able to motivate their team members 1. Be able to manage the people on their team.
2. How to improve each skill
The five skills you need to manage a team effectively are: 1. Empathy 2. Communication 3. Problem-solving 4. Courage 5. Adaptability 1. Empathy: Empathy is the ability to understand how someone else is feeling. 2. Communication: The ability to effectively communicate with your team is essential. 3. Problem-solving: When a problem arises, you must be able to solve it. 4. Courage: The ability to overcome fear and make decisions is a key skill. 5. Adaptability: The ability to change your approach in response to the changing environment is important.
3. Conclusion
Team management is an essential skill that any manager should have. This is because not only is the team manager responsible for leading their team, but they are also responsible for the overall success of the company. A team manager is expected to be able to take charge of a team, delegate tasks, and be a strong leader. They are also expected to be able to motivate their team members and delegate tasks in a timely manner. In order to be a successful team manager, it’s important to have a good understanding of the five skills mentioned above. It’s also important to know how to manage your team effectively and efficiently. For example, you can use the skills of delegating tasks, motivating your team members, and taking charge of your team to manage your team effectively and efficiently.
Managing a team is not easy. It requires a lot of skill. Here are some skills that you will need to manage a team. 1. Technical knowledge- This is a skill that is not always necessary for a manager, but it will help you understand the technical aspects of your team. 2. Motivating skills- If you are a manager, you will need to motivate your team. This can be done through rewards and punishments. 3. Communicating skills- It is important to be able to communicate effectively with your team. This skill can be learned through practice, and it is important to listen to your team’s feedback. 4. Time management skills- Managers need to manage the time of their team. This is important because it will help them do their job well. 5. Conflict resolution skills- Managers need to be able to resolve conflicts that arise. This is important because it will help the team get along better.
An Article by Team Management Minds.
------------------------------
Digital Marketing Tips for Startup Businesses in Nepal
New businesses often have a lot of questions about marketing. How much money do you need to spend? What kind of ROI can you expect from your advertising efforts? Do Google ads give you measurable ROI? The list goes on. In a new market like Nepal, where startups and e-commerce are still in their infancy, digital marketing is an essential piece of the puzzle for any business that wants to leave a mark. Whether or not it’s your company’s primary focus, marketing is still one of the most important things you need to think about as a business owner. You might be wondering why that is. Here are some digital marketing tips for startup businesses in Nepal.
What is Digital Marketing?
Digital marketing is the process of interacting with potential and current customers via online marketing channels like search engines, social media, e-mail marketing, blogs, and websites. These channels are used to attract and convert prospects into customers and brand advocates and into sales. You can also think of digital marketing as the art and science behind building a brand online. The goal of digital marketing is to generate sustained and measurable results. Digital marketers may specialize in one or more of these areas of expertise:
Why is digital marketing so important for startup businesses?
We live in a world where people are constantly connected and always on the lookout for new experiences. As a brand, you have the opportunity to capture that attention and build a genuine connection with your customers. Because of their high engagement rates, digital marketing channels like blogs, social media, and email are excellent tools for reaching and engaging new and potential customers. Digital marketing is also a low-cost alternative to traditional marketing methods like TV and print ads, which can be prohibitively expensive for startups and smaller brands. By focusing on online channels, you can scale your marketing efforts to reach a global audience at a fraction of the cost.
How to Measure Your Digital Marketing ROI?
The best way to measure your digital marketing ROI is to use a combination of analytics tools and business metrics. There are many great free and paid tools like Google Analytics, Facebook Insights, and Hubspot to measure your website traffic and social media engagement. Use these tools to track your conversions and the sales you’re generating through your marketing efforts. By keeping an eye on your business metrics, you’ll be able to determine how your digital marketing efforts are impacting your bottom line. For example, if you notice a spike in your paid search traffic, you know that your digital ad spend is paying off. You may also want to consider investing in a marketing dashboard tool like Canva that can help you track and measure your digital marketing activities in one place.
Tips for Effective Digital Marketing in Nepal
Build a strong brand - Establishing a strong brand and a unique visual identity is crucial for any business, but it’s especially important for startups and small brands. Your brand is the first thing your customers will connect with, so it’s essential that it stands out from the crowd. Your brand should be unique and differentiated from your competitors. It should represent the core values of your company and resonate with your target audience. A strong brand is also an asset that can be used to generate revenue and create a loyal customer base. Get social - Social media is one of the best ways to connect with customers and grow your brand. Create engaging content that your followers will want to share. You can also use social media to collect customer insights and find new leads. There are many ways you can use social media to your advantage. Be sure to have your social media strategy in place before you begin posting, so you can stay consistent and focused throughout the process. Embrace the power of content - Content is king, and the best way to engage with your target audience is by creating content that solves a real problem. Create an evergreen content that can be repurposed across various channels and resonate with your customers. It can be a blog post, an infographic, or a video that educates your customers and opens up conversion opportunities.
Conclusion
Building a brand has never been easier thanks to the rise of digital marketing. With the right mix of strategy, creativity, and data, you can reach millions of customers and make a lasting impression. Your brand can reach people anywhere at any time and on any device. Your target audience is always connected and always on the lookout for new experiences. As a brand, you have the opportunity to capture that attention and build a genuine connection with your customers. If you’re looking to start your own digital marketing campaign or improve on an existing one, it’s important to invest in the right strategies from the get-go. Digital marketing can be an effective way to build your brand and reach new customers, but it requires consistent effort and investment.
OFFICE LINGOS USED IN CORPORATE WORLD
Unit-1 Industrial Relations _Industrial Relation Notes | BBA 8TH SEMESTER | HRM SPECIALIZATION | PURBANCHAL UNIVERSITY
Unit 1:Industrial Relations (IR): LH 7
Concept, Purposes of Industrial Relations, Approaches to Industrial Relations - System Approach, Marxist Approach, Pluralist Approach. Actors of Industrial Relations and their roles
Concept of Industrial Relations
Industrial relations may be defined as the relations and interactions in the industry particularly between the labor and management as a result of their composite attitudes and approaches in regard to the management of the affairs of the industry, for the betterment of not only the management and the workers but also of the industry and the economy as a whole.
The term industrial relations explain the relationship between employees and management which stem directly or indirectly from union-employer relationship.
Industrial Relations – Meaning and Definition
The term ‘Industrial Relations’ comprises ‘Industry’ and ‘relations’. Industry means any productive activity in which an individual is engaged. It includes- (a) primary activities like agriculture, fisheries, plantation, forestry, horticulture, mining etc. etc. and (b) Secondary activities like manufacturing, construction, trade, transport, commerce, banking, communication etc.
Economically speaking, industry means the secondary sector where factors of production (land, labor, capital and enterprise or four M’s – men, materials, money and machines) are gainfully employed for the purpose of production, and where a business organization exists.
‘Relations’ means ‘the relations that exist in the industry between the employer and his work-force. Different authors have defined the term industrial relations in somewhat different way.
Some of the very oft-quoted definitions are given below:
According to Bethel and Others, “Industrial relation is that part of management which is concerned with the manpower of the enterprise whether machine operator, skilled worker or manager.
According to V. Agnihotri, “The term industrial relations explains the relationship between employees and management which stem directly or indirectly from union-employer relationship.”
Conclusion
Industrial relations are the relationships between employees and employers within organizational settings.
Industrial Relations – Salient Characteristics
The salient characteristics of industrial relations are discussed herein below:
1. Parties in the Industrial Relations Activities:
Basically, two parties-workers and management are involved in the process of establishing relations. However, the government agencies regulate /maintain industrial relations.
2. Interactive Process:
Industrial relations arise out interactions between different persons/parties. They are supervisors, workers trade unions, employers’ associations.
So, interactive process takes place between –
I. Supervisors and industrial workers
ii. Supervisors and group/team members
iii. Management and trade union leaders
iv. Employers’ federations and workers’ unions.
3. Two-Way Communication:
IRs is a two-way communication process. One party gives stimuli, other party responds to the stimuli. So, the transaction occurring through such mechanism is either complementary or cross. More the complementary transactions, better will be the industrial relations situations.
4. HRM Practices:
Effective human resource planning system, identification and stimulating prospective employees, designing the most suitable selection technique to choose the right kind of people help to organization to get a committed and willing workforce that want to grow, develop and achieve. Such employees in the process like to develop better relations with their bosses. So, HRM practices influence IRs pattern in the industry.
5. Approaches to IRs:
Various approaches contribute to shape IRs pattern in industrial organizations. These approaches include sociological, psychological, socio-ethical, human relations, Gandhian, system approaches etc.
6. State Intervention:
State plays a vital role to influence industrial relations situations through its activities as facilitator, guide, counsellor for both the parties in the industry.
7. It is a set of functional: Industrial relations do not constitute a simple relationship, but they are set functional, inter-dependent complexities involving various factors or various variables such as economic, political, social, psychological, legal factors, or variables.
8. Employee-employers relationship: Without the existence of the minimum two parties, the industrial relationship cannot exist such as:
Workers and their organizations.
Employers or management of the enterprise.
The government is the three participants or parties in industrial relations.
9. It is a product:
Industrial relations are the product of economic, social, and political systems arising out of employment in the industrial field.
10. Development of healthy labor management:
The important purpose of industrial relations is the development of healthy labor-management or employee-employer relations, maintenance of industrial peace, avoidance of industrial strife, development, and growth of industrial democracy, etc.
Purposes of Industrial Relations
The primary objective of industrial relations is to maintain and develop good and healthy relations between employees and employers or operatives and management. Maintenance of harmonious industrial relations is on vital importance for the survival and growth of the industrial e enterprise.
It establishes industrial democracy: Industrial relations means settling employees problems through collective bargaining, mutual cooperation and mutual agreement amongst the parties i.e., management and employees unions. This helps in establishing industrial democracy in the organization which motivates them to contribute their best to the growth and prosperity of the organization.
It contributes to economic growth and development: Good industrial relations lead to increased efficiency and hence higher productivity and income. This will result in economic development of the country.
It improves morale of the work force: Good industrial relations, built-in mutual cooperation and common agreed approach motivate one to contribute one’s best, result in higher productivity and hence income, give more job satisfaction and help improve the morale of the workers.
It ensures optimum use of scare resources: Good and harmonious industrial relations create a sense of belongingness and group-cohesiveness among workers, and also a congenial environment resulting in less industrial unrest, grievances and disputes. This will ensure optimum use of resources, both human and materials, eliminating all types of wastage.
It discourages unfair practices on the part of both management and unions: Industrial relations involve setting up a machinery to solve problems confronted by management and employees through mutual agreement to which both these parties are bound. This results in banning of the unfair practices being used by employers or trade unions.
It prompts enactment of sound labor legislation: Industrial relations necessitate passing of certain labor laws to protect and promote the welfare of labor and safeguard interests of all the parties against unfair means or practices.
It facilitates change: Good industrial relations help in improvement of cooperation, team work, performance and productivity and hence in taking full advantages of modern inventions, innovations and other scientific and technological advances. It helps the work force to adjust themselves to change easily and quickly
Dynamic and Developing Concept:
The concept of “Industrial Relations” is dynamic and developing. It is described as a relationship between employers and management of the enterprise and the employees or among employees and their organizations or Employers, Employees, and their trade unions and the government.
Importance of Industrial Relation
Reduction in Industrial Disputes: It reduces industrial disputes. Disputes are reflections of the failure of basic human urges or motivations to secure adequate satisfaction or expression which are fully cured by good relations. Strikes, Lockouts, Go-slow tactics, and grievances are some of the reflections of industrial unrest that do not spring up in an atmosphere of industrial peace.
Uninterrupted production: It means, continuous employment for all from manager to workers. The resources are fully utilized, resulting in the maximum possible production. There is an uninterrupted flow of income for all. The smooth running of the industry is of vital importance for several other industries.
Promote Industrial Democracy: Industrial democracy means the government-mandated worker participation at various levels of the organization about decisions that affect workers. It is mainly the joint consultations, That pave the way for industrial democracy and cement the relationship between workers and management.
Approaches to Industrial Relation – Top 3 Approaches: Systems Approach, Pluralistic Approach and Marxist Approach
The scenario of industrial relations is perceived differently by different people. For some, industrial relations are related to class conflict, others perceive it in terms of mutual co-operation, and still others understand it in terms of competing interests of various groups. HR managers are expected to understand these varying approaches because they provide the theoretical underpinnings for much of the role of HRM.
Systems Approach
John Dunlop gave the systems theory of industrial relations in the year 1958. He believed that every human being belongs to a continuous but independent social system culture which is responsible for framing his or her actions, behaviour and role.
The industrial relations system was based on three sets of different variables:
Actors: By actors here we mean that the individuals or parties involved in the process of developing sound industrial relations. This variable is denoted by ‘A’.
Contexts: The contexts refer to the setup in which the actors perform the given tasks. It includes the industry markets (M), technologies (T) and the power distribution in the organization and labour unions(P).
Ideology: The similar ideas, mentality or beliefs shared by the actors helps to blend the system. It can be expressed by the initial (I)
Based on these variables, the following formula was derived by Dunlop:
John Dunlop’s Systems Approach Formula:
This formula represents that the industrial relations system can be seen as a joint function of all the elements mentioned above.
Pluralist Approach
The pluralist theory also called the ‘Oxford Approach’, was proposed by Flanders in the year 1970. This approach explained that the management and the trade unions are the different and robust sub-groups which unanimously form an organization.
Collective bargaining was considered to be a useful technique for resolving organizational conflicts. Due to this, the management’s role has transformed from imposition and control; to influencing and coordinating with the workers.
Following are some of the highlights of this approach:
The organization should appoint personnel experts and industrial relations specialists to act as mediators between the management and trade unions. They need to look into the matters of staffing, provide consultation to the managers and the unions, and negotiate with both the parties in case of conflicts.
The organization should ensure that the trade unions get recognized and the union leaders or representatives can perform their duties freely.
In the case of industrial disputes, the organization can avail the services of the external agent for settlement of such issues.
The managers should resolve to a collective bargaining agreement when there is a need for negotiation and settlement with the trade unions.
The following formula denotes the Flanders pluralist theory:
Where,
‘R‘ is the rules of industrial relations;
‘b‘ is collective bargaining;
‘c‘ is resolving conflicts through collective bargaining.
It depicts that the rules of industrial relations are a function of collective bargaining, or in other words, it is a function of handling conflicts through collective bargaining.
Marxist Approach
Lenin came up with the concept of a Marxist approach in the year 1978, where he emphasized the social perspective of the organization.
This theory perceived that the industrial relations depend upon the relationship between the workers (i.e., employees or labor) and the owners (i.e., employer or capital). There exists a class conflict between both the groups to exercise a higher control or influence over each other.
The assumptions of this approach are as follows:
Industrial relations are a significant and never-ending source of conflicts under capitalism which cannot be avoided. However, cases of open disputes are quite unusual.
Understanding the conceptions of capitalized society, capital accumulation process and the pertaining social relations, give a better overview of the industrial relations.
The Marxist theory assumed that the survival of the employees without any work is more crucial than the survival of the employer without the labors.
We can have three parties or participants or actors in an industrial unit:
1. The workers and their unions,
2. Employees and their associations, and
3. Government.
1. Workers and their Unions:
The total work plays an important role in industrial relations. The total work includes working age, educational background, family background, Psychological factors, social background, culture, skills, attitude towards other work, etc. Workers organization prominently in trade union activities.
The main purpose of trade unions is to protect the workers economic interest through collective bargaining and by bringing pressure on management through economic and political practices. Trade union factors include leadership, financial, activities, etc.
2. Managers or employer or management and their Associations:
The prominent role is of work group, the differences in their sizes, constitutions and the degree of specialization they press upon. Of course, there is the necessary provision for mutual communications for the structure of status and authority and for such other organization as trade unions and employer’s associations.
3. Government:
Government plays a balancing role as a custodian of the nation; government exerts its influence on industrial relations through its labor policy, industrial relations policy, implementing labor laws, the process of conciliation and adjudication by playing the role of a mediator, etc. It tries to regulate the activities and behavior of both employee’s organizations and employer organizations.
Thus the three groups of employees, employers and the government work within the social and economic environment that prevails at a particular time. Whatever industrial relations system may be in vogue, it has in its framework the intricate rules and regulations which enforce the workplace and the working community.
INDUSTRIAL RELATION_EIGHTH SEMESTER NOTES | PURBANCHAL UNIVERSITY
Check out the notes of Industrial Relations,HRM Specialization eighth semester of Purbanchal University below:-
Chapter 1: Industrial Relations
Chapter 3: Industrial Disputes
Chapter 4: Workers Participantions in Management
Chapter 6: Labor Welfare and Social Security
Folder : Click HERE
Labels
- 1stSem (1)
- 3rdSem (1)
- 5thSem (1)
- 7thSem (3)
- 8thSem (1)
- Banking and Insurance Notes (1)
- BBA (2)
- BBA SOLUTIONS (1)
- Blog Articles - Management Minds (5)
- BUSINESS ECONOMICS (1)
- BUSINESS ENVIRONMENT IN NEPAL (1)
- DATABASE MANAGEMENT SYSTEM (2)
- DBMS (2)
- ENGLISH (1)
- EXAM NOTICE (1)
- FIFTH SEMESTER (5)
- FIRST SEMESTER (3)
- First-Fourth Semester (1)
- FULL SYLLABUS (1)
- GENERAL NOTICE (1)
- HRM SPECIALIZATION (1)
- Loksewa exam (1)
- MICROECONOMICS (1)
- NOTES (9)
- ORGANIZATIONAL BEHAVIOR (1)
- PROJECT MANAGEMENT (1)
- PURBANCHAL UNIVERSITY (4)
- Question Collection (1)
- QUESTIONS COLLECTION (2)
- RESEARCH METHODOLOGY AND REPORT WRITING (1)
- SCM NOTES (1)
- SEVENTH SEMESTER (1)
- SIXTH SEMESTER (2)
- SYLLABUS (6)
- THIRD SEMESTER (2)
- TITLE SYLLABUS (2)
- TRIBHUWAN UNIVERSITY (1)
- TSC LICENSE (1)
- TSC LICENSE EXAM (1)
- UNIVERSITY NOTICE (1)
- मावि लाइसेन्स प्रश्न पत्रहरू (1)
FOLLOW US TO GET NOTIFIED
Popular Posts
Search This Blog
Labels
- NOTES (9)
- SYLLABUS (6)
- Blog Articles - Management Minds (5)
- FIFTH SEMESTER (5)
- PURBANCHAL UNIVERSITY (4)
- 7thSem (3)
- FIRST SEMESTER (3)
- BBA (2)
- DATABASE MANAGEMENT SYSTEM (2)
- DBMS (2)
- QUESTIONS COLLECTION (2)
- SIXTH SEMESTER (2)
- THIRD SEMESTER (2)
- TITLE SYLLABUS (2)
- 1stSem (1)
- 3rdSem (1)
- 5thSem (1)
- 8thSem (1)
- BBA SOLUTIONS (1)
- BUSINESS ECONOMICS (1)
- BUSINESS ENVIRONMENT IN NEPAL (1)
- Banking and Insurance Notes (1)
- ENGLISH (1)
- EXAM NOTICE (1)
- FULL SYLLABUS (1)
- First-Fourth Semester (1)
- GENERAL NOTICE (1)
- HRM SPECIALIZATION (1)
- Loksewa exam (1)
- MICROECONOMICS (1)
- ORGANIZATIONAL BEHAVIOR (1)
- PROJECT MANAGEMENT (1)
- Question Collection (1)
- RESEARCH METHODOLOGY AND REPORT WRITING (1)
- SCM NOTES (1)
- SEVENTH SEMESTER (1)
- TRIBHUWAN UNIVERSITY (1)
- TSC LICENSE (1)
- TSC LICENSE EXAM (1)
- UNIVERSITY NOTICE (1)
- मावि लाइसेन्स प्रश्न पत्रहरू (1)
About
Archive
-
▼
2022
(30)
-
►
June
(14)
- THE ESEENTIALS OF WRITING
- पुराना तथा नमूना प्रश्न पत्रहरु | मावि लाइसेन्स Qu...
- Unit-2 BUSINESS MODELS FOR E-COMMERCE| E-COMMERCE ...
- E-COMMERCE| UNIT -1 Introduction to E-Commerce NOT...
- The 5 Skill You Need To Manage a Team
- EIGHTH SEMESTER SYLLABUS | BBA PURBANCHAL UNIVERSITY
- Digital Marketing Tips for Startup Businesses in N...
- FOURTH SEMESTER SYLLABUS| BBA PURBANCHAL UNIVERSITY
- THIRD SEMESTER SYLLABUS | PURBANCHAL UNIVERSITY BBA
- SECOND SEMESTER SYLLABUS | BBA PURBANCHAL UNIVERSITY
- PRODUCTION AND OPERATIONS MANAGEMENT| THEORY NOTES...
- OFFICE LINGOS USED IN CORPORATE WORLD
- Unit-1 Industrial Relations _Industrial Relation N...
- INDUSTRIAL RELATION_EIGHTH SEMESTER NOTES | PURBAN...
-
►
June
(14)