Principles of Management

Table of Contents:

Organising refers to the process of creating a structure for the organisation that will enable its people to work effectively towards its mission, vision,  and goal.

Table of Contents:- Limitations of Planning Major Limitations of Planning Limitations of Planning Though planning is an important tool of management; still it is not a remedy for all types of problems. Limitations of planning are as follows: 1) Rigidity The plan’s existence puts managerial activities in a rigid framework. Programs are carried out according to the

Explore the importance of planning and its pivotal role in achieving success. Learn how effective planning lays the groundwork for goal achievement, resource optimization, and overcoming obstacles.

Types of Budget In the realm of financial planning, budgets play an important role in managing resources effectively. A budget serves as a blueprint for allocating funds and helps organizations and people to achieve their financial goals. Understanding of various types of budget is essential for making informed decisions and optimizing financial outcomes. The budgets are

Table of Contents:- Meaning of Budget A budget is a financial plan summarising the economic experience of the past, stating the current plan and projecting it over a specified period in future. A budget is a quantitative expression of a plan of action relating to the forthcoming defined period. It represents a written operational plan of management