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