A process of planning comprises of various components such as mission, objectives, policies, procedures, budget, programme and strategies. All of …
Read more7 Key Components of Planning in Principles of Management
Production activities are the key activities carried out by every organization. These activities determine the profitability and even influence the …
Meaning Classical Theory Classical theory is a traditional theory which pays more attention on organization instead of individuals working therein. …
Meaning of Administrative Management Administrative Management is a term concerned with designing and managing the whole structure of organization. It …
Meaning of Inventory Management Inventory management is a process of tracking the products. This includes all the inventory management until …
What is Government Budget? In order to achieve the several pre-planned objectives of economic and social growth of the country, …
What is Classical Management Theory? Classical management theory is based on the concept that workers need only physical and economic …
Read moreClassical Management Theory Advantages and Disadvantages
Contingency Approach to Management The Contingency approach is a management theory that helps the manager to adopt the best management …
Read moreAdvantages and Disadvantages of Contingency Approach to Management
What is PEST Analysis? A useful way to examine the market environment is to carry out what is known as …
What is Decision Theory Approach? The Decision Theory Approach is the approach which helps the manager to take the effective decision …