Conflicting factors - problems in acquisition, Other Management

Assignment Help:

Conflicting Factors:

Demand, supply and finance are the three major factors governing collection development. Both demand and supply will be increasing while finance will be always inadequate. If mind is to be fully satisfied, a library will have to buy more and more items. This is particularly so since more items are being published everyday. New items published will naturally stimulate more reading and in turn place more demands upon the library. In order to meet growing pressures of demand, funds at the command of the library also ought to grow. But, generally, this does not happen. On the country, library budgets are very often subjected to severe cuts on account of other priority allocations. Even in cases where funds remain static, the purchasing power of the available money may go down  due to inflationary trends. To make matters worse, the prices of reading materials have always a rising trend. The ultimate result of this conflict of factors is that the library will not be able to buy all that it should. This is the case with even the richest library in the world. Therefore, you must know how to utilise the available money in the most judicious manner. As advised by Mellvile Dewey, your motto must be "the Best Reading for the Largest Number at the Least Cost". The principle under the balancing of the three conflicting factors - books, readers and money. You have to ensure that the funds are expended in a such a manner as to build up a well-balanced purposive library collection. Strict financial discipline, therefore, is needed  in acquisition work. A tool which will help you in observing this financial discipline and in ensuring a balanced growth of the collection is the budget allocation. 


Related Discussions:- Conflicting factors - problems in acquisition

Types of observation, Types  of Observation: Types of observation rela...

Types  of Observation: Types of observation relate  to  the  observer-observed relationship. It has been described as "concealment and participant", "concealment and non- part

Quality improvement, Q uality improvement Quality improvement can be d...

Q uality improvement Quality improvement can be defined as the organised creation of the beneficial change along with the attainment of unprecedented levels of the performance

Characteristics of research tools, CHARACTERISTICS OF RESEARCH TOOLS: ...

CHARACTERISTICS OF RESEARCH TOOLS: An ideal measuring instrument is one which results  in measures that are relevant, accurate objective, sensitive and  efficient. Measures wh

Advantages and disadvantages of stock verification, Advantages and Disadvan...

Advantages and Disadvantages of Stock Verification Some of the advantages  and disadvantages of stock verification are listed in this section.  Advantages  •  By revea

Collation - binding processes, Collation: Collation is the first task ...

Collation: Collation is the first task in the binding processes. All the parts and the pages of a volume have to be correctly sequenced. In the case of periodicals, collation

Disciplines and subjects - classification terminology, Disciplines and Subj...

Disciplines and Subjects - Library management: In a modern library the arrangement of documents is usually by subject. Thus, subject is the characteristic of division for arra

Role of the mission statement, QUESTION 1 The value chain is an importa...

QUESTION 1 The value chain is an important tool in strategic management. For instance, it can be used by a firm to improve its cost competitiveness. Discuss the options availab

Social structures as a management tool, S ocial structures as a management...

S ocial structures as a management tool An understanding of the type of social structure which can take the responsibility of nurturing the learning, developing the competenci

Appropriate investment of time, 1. What instructional technology and techni...

1. What instructional technology and techniques does research prove are beneficial? Detrimental? 2. Does moving students from single-gender education to co-ed increase student achi

Procedures and routines - technical processing, PROCEDURES AND ROUTINES: ...

PROCEDURES AND ROUTINES: The procedures and routines in the preparation of documents for use arise out of various activities and operations. These can be listed as follows:

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd