The Limitations and Advantages of Budget
Limitations and Advantages of Budget Advantages of Budget Some of the advantages of budget are: 1) Maximisation of Profit: The budgets aim at the maximisation of the profits of the enterprise.…
Important Key Elements of Planning
Elements of Planning The outcome of planning is an overall plan for the business. This plan contains different important components that must receive attention. Although the existence of these components…
Types of Planning in Management
Types of Planning By understanding the different types of planning in management, organizations can develop a comprehensive approach to achieving their goals and objectives successfully. There may be several ways…
Understanding The Span of Management
Meaning, Definition, Levels, Problems, Needs, Types of Span of Management Table of Contents:- Meaning of Span of Management The span of control or span of management means the number of…
Important Factors Affecting Span of Control
Factors Affecting Span of Control There are the following determinants of the span of management: 1) Capacity of Superior Each manager has different abilities and capacities in respect of such…
Informal Organisation Advantages, Disadvantages and Characteristics
Advantages, Disadvantages and Characteristics of Informal Organisation An informal organisation is a system of social relations, which naturally emerges on its own within the formal organisation to meet the cultural…
Formal Organisation Advantages and Disadvantages
Formal Organisation Characteristics, Advantages and Disadvantages Table of Contents:- A formal organization is purposefully designed to achieve some particular objectives. It refers to the structure of well defined-jobs, each bearing a definite…
Organisational Chart Advantages And Disadvantages
Organisational Chart A graphic representation of how authority and responsibility are distributed within a company or other organization is also called an org chart. An organisational chart is a diagram that shows…
Important Functions of Management
Functions of Management Management is an activity consisting of a distinct process – the management process – which is primarily concerned with the important task of goal achievement. Every business…
Process, Principles, Importance of Organising
Process, Principles, Importance of Organising Table of Contents:- Process of Organising The process of organising may be described as the managerial function of organising. It consists in making a rational division of…