Decision Making

Decision making is a process of selection form a set of alternative courses of action which is thought to fulfil … More

Forecasting

Introduction to Forecasting: Predicting the future Forecasting is about predicting the future as accurately as possible, given all the information … More

Planning premises

Planning Premises:It constitutes the framework within which planning is done. bedrock for future course of action. it forecasts also considers … More

Strategy: Types and Significance

Strategy A process where an organization envisions its future and develops strategies to achieve that vision. Definition: The determination of … More

Objectives and MBO( Management by Objective)

Objectives from a Hierarchy: In many organizations objectives are structured in a hierarchy of importance. There are objectives within objectives. … More

Types of plans

Types of plans •Objectives/goals •Strategies & tactics •Standards •Budgets •Policies •Procedures •Programmes •Rules •Methods What types of plans do managers … More

Different Kinds of planning

KINDS OF PLANNING Organizational level Focus Time period Corporate Strategic Long range Divisional Operational … More

Steps in Planning

Steps in Planning: 1.Awareness of opportunities and problems a)What business opportunities will arise in future b)What benefits will the organization … More

Definition of Planning:

Definition of Planning: •Planning is the first managerial function to be performed. It is concerned with deciding in advance what … More

Functions of Management

Management has been described as a social process involving responsibility for economical and effective planning & regulation of operation of … More