Business

The term ‘business environment’ means the sum total of all individuals, institutions and other forces that are outside the control of a business enterprise but…

Importance of Business Environment Just like human beings, business enterprises do not exist in isolation. Each business firm is not an island unto itself; it…

By nature is meant qualities and characteristics of anything. Principles are general propositions, which are applicable when certain conditions are present. These have been developed…

Taylor’s Scientific Management Scientific management refers to an important stream of one of the earlier schools of thought of management referred to as the ‘Classical’…

The principles of management derive their significance from their utility. They provide useful insights into managerial behavior and influence managerial practices. Managers may apply these…

Level of Management Management is a universal term used for certain functions performed by individuals in an enterprise who are bound together in a hierarchy…

Functions of Management Management is described as the process of planning, organizing, directing and controlling the efforts of organizational members and of using organizational resources…

Nature of Coordination Coordination is the harmonization and integration of activities, responsibilities, and command and manage structures to ensure that the resources of an organization.…

Management is a very popular term and has been used extensively for all types of activities and mainly for taking charge of different activities in…

Importance of Management Having understood that management is a universal activity that is integral to any organization we now examine some of the reasons that…