In this topic, you will learn about, Functions Of Principles Of Management. Functions Of Principles Of Management: Levels of Management: In any business organization, there are certain levels of management with a varying degree of authority and responsibility. Managers performing different types of duties may thus be divided into three categories: Top Level Management. Medium …
In this topic, you will learn about, Leadership. Leadership: For the success of a business organization, a strong charismatic and efficient leader is very important. It is a leader who motivates not only our subordinates but also plays an important role in achieving the objectives of the business organization. There are two thoughts in the …
In this topic, you will learn about, Staffing. Like planning and organisation staffing is also an important function of management. The staffing function is concerned with (Recruitment, selection, training, performance, orientation etc. It is also concerned with the procurement and efficient management of the people in an organisation. How to retain them: Staffing is a …
In this topic, you will learn about, Centralised and Decentralised. Centralised and Decentralised: In today’s globally competitive environment any business organisation of any size the importance of centralisation and decentralisation cannot be ignored. Every business organisation has different levels of executives who perform various functions. Centralisation and decentralisation describe the manner in which decision-making responsibility …
In this topic, you will learn about, Line Staff Authority / Management. In today’s competitive business environment for the success of an organization, it is very essential that there should be a cordial relationship between line and staff. Line function is those who have direct responsibility for accomplishing the objectives of the business organization and …
In this topic, you will learn about, Advantages and Disadvantages of the Span of Management. Advantages of Bigger Span of Management: No direct relationship with the employees and is economical as it reduces the number of levels in the organization. Due to direct contact, coordination communication is improved. It offers more opportunities for subordinates’ development. …
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In this topic, you will learn about, Advantages of Clear Cut Authority. Advantages of Clear Cut Authority: It leads to higher efficiency: authority to his subordinate will be clearly understood. Adequate and clear-cut authority delegation and planning particularly in the area of policymaking will go a long way in increasing the span of management. Use …
