An organizational structure is a term used to define how employees of a company work together to support their mission. It determines how the power, roles, and responsibilities are assigned, controlled, and coordinated within an organization.
Empowerment means providing autonomy to individuals to take charge and lead independently by themselves. It refers to giving more power to the employees in terms of
Coordination refers to the ability to work together effectively and efficiently to achieve a common goal or objective. It involves organising, synchronizing, and integrating the activities,
Strategy is a unified, comprehensive and integrated plan designed to assure that the basic objectives of the enterprise are achieved.
Meaning, Process and Characteristics of Controlling in Management Controlling in management is a function that ensures efficient and effective use of all the available resources. Controlling in management refers to the systematic process that an organization implements to evaluate its progress in achieving its predetermined goals. This process involves monitoring the execution of the plan and…
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. To achieve this aim, proper planning and coordination of various functions are undertaken. There is proper control over different capital and revenue expenditures. The resources…
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 in a plan does not guarantee success, it does lead to more comprehensive and orderly planning. The various elements of planning are as follows: 1)…
By understanding the different types of planning in management, organizations can develop a comprehensive approach to achieving their goals and objectives successfully.
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 subordinates placed under the direct supervision and control of a manager. According to this principle, there is a limit to the number of subordinates that…
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 factors as leadership, communication, decision making, control, etc., affecting the management of subordinates. Managers having more capacity in respect of these factors can manage more…