Advantages of Clear Cut Authority

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 …

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Span Of Management

In this topic, you will learn about, Span Of Management. Span of Control / Span of Management: It is also referred to as span of management; the span of control; the span of supervision. There is a limit to the number of persons and activities that a manager can effectively manage. The span of control …

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Informal Organisation

In this topic, you will learn about, Informal Organisation. What is InformalĀ Organisation? INFORMAL ORGANISATION: For the success of the business organisation the importance of informal organisation cannot be ignored. The informal organisation refers to the relationship between people in the organisation based on personal, attitudes, emotions, prejudices likes and dislikes etc. these relationships are not …

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Formal Organisation

In this topic, you will learn about, Formal Organisation. What is a Formal Organisation? The formal organization refers to the structure of jobs and positions with clearly defined functions of responsibility and authority. A formal organization has its activities clearly defined between the people and concisely coordinated towards a common objective. In any business organization, …

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Introduction to Organising

In this topic, you will learn about, Organising. Nature and purpose: In organising the main purpose of any organisation are to maximise profitability. Profitability can be maximised by the efficient and effective use of resources. Resources are of two types: (natural resource and human resource) (efficient and effective means optimum utilization) In organising a business …

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Introduction to Decision Making

In this topic, you will learn about, Decision Making. Decision Making (Various steps): For any business organization, it is not that only planning plays a vital role, decision making is also an important essence of management. Decision making is a mental process. It is a process of selection of one best alternative for doing a …

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What is E-Commerce?

In this topic, you will learn about, What is E-Commerce? What is E-Commerce? E-commerce also is known as Electronic commerce or internet commerce refers to the buying or selling of goods or services using the internet and the transfer of money and data to execute these transactions. e-commerce is often used to refer to the …

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