What is Socio-Cultural Environment Socio-Cultural consist of two words. Socio means social environment. Cultural means the culture of the society. The social values and culture of an environment. When the social…
What is Public Finance? The study of how the government raises its income through different activities and how the government spends this collected income on the expenditure involved in the…
What is Classical Theory? Classical Theory is a theory shows that workers do not need social and job satisfactions status. This theory says that workers need only physical and economic…
What is Financial Management? “Financial management is the activity concerned with planning, raising, controlling and administering of funds used in the business.” – Guthman and Dougal “Financial management is properly…
What is Project Management? Project Management is a process of initiating, planning, executing, controlling, and directing the work of a team to achieve specific goals in a certain amount of…
What is Classical Management Theory? Classical management theory is based on the concept that workers need only physical and economic needs. It does not include social and job satisfaction of…
What is Public Limited Company? A public company is a company which issued securities through initial public offering and has an operation of securities at least one stock exchange or…
What is Marketing Management? Marketing management is the process of developing strategies and planning for the business such as the advertisement, promotions, sales and etc. Marketing management is also an…
What is Marketing? Marketing is a process of making aware the consumers about the products and services of the business. Marketing helps the business to market its products and services.…
Contingency Approach to Management The Contingency approach is a management theory that helps the manager to adopt the best management style is dependent on the context of the situation. Contingency…