Steps in Planning: 1.Awareness of opportunities and problems a)What business opportunities will arise in future b)What benefits will the organization … More
Tag: Principles of Management
Advantages and limitations in planning
Advantages •Increases the organization’s ability to adopt future eventualities •Helps crystallize objectives •Ensures a relatedness among decision •Helps the company … More
Features and Objectives of Planning
FEATURES OF PLANNING 1.Focus on realizing the objectives set 2.Intellectual process involving mental exercise 3.Selective as it selects the best … 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
Types of Skills/Managerial Skills
Types of Skills/Managerial Skills The term „managerial skill‟ means the personal ability put to use by a manager for the … More
Tasks and Responsibilities of Managers
Role is defined as the pattern of behaviour, which is defined for different positions. It refers to the expected behaviour … More
Evolution of Management Theory
Evolution of Management Theory: Evolution of Management Theories 1.The Classical theory of management a) Scientific Management b) Bureaucratic Management c) … More
Nature of Management:
a. Goal Oriented b. Economic resource c. Distinct Process d. Integrative Force e. Intangible force f. Results through others g. … More
Functions of Management
Management has been described as a social process involving responsibility for economical and effective planning & regulation of operation of … More
Managerial Functions at different organisational levels
The Top Management It consists of board of directors, chief executive or managing director. The top management is the ultimate … More
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