Monthly Archive: September 2021

Theory of motivation

Theories of Motivation 1. Maslow’s Hierarchy of Needs Theory It is a well-known theory of motivation, Abraham Maslow outlined the elements of an overall theory of motivation. This theory has received attention in the...

What is staffing

Meaning of Staffing Every organisation requires a number of persons for taking up different positions. The positions are created through the process of organisation and their occupants help in achieving the business objectives. The...

Theories of business forecasting

Theories of Business Forecasting In the old time business forecasting were done only on the basis of experiences and assumptions. But in present time this work is done on the basis of scientific methods.The...

What is business forecasting

forecasting Concept of Forecasting According to Simpson and Kafka, “In statistics the term (forecasting) refers to the extending or projecting a time series into the future based on past behaviour of the quantitative data....

What is objectives

Objectives The meaning of objectives When the top level management of an organisation clearly lays out the mission or goals of the establishment then the next step is to convert these into actual tasks....

Michael Porter’s Competitive analysis

No prospective entrepreneur can afford to ignore competitive factors. Study of competitive factors covers members of competing firms, their scale of operation, product range and features, prices channels of distribution, terms & conditions of...

Businesses Strategy

What is a Strategy? The term ‘Strategy’ is a military word. Mr. Hugh Macmillan and Mohan Tempoe rightly says “If we accept the anology that ‘business is a war, then military model of strategy...

Leadership

Leadership is very crucial to the growth of the society and the world at large. Leadership is also very important in all spheres of life, whether it is social, political or religious From eternity...

Corporate social responsibility

Business & Social Responsibility Social responsibility is understood as the obligation of decision makers to take actions which protect and improve the welfare of society as a whole along with their own interests. Every...

Goods delivery

Meaning of Delivery As per Sec. 2(2) of the Sale of Goods Act, 1930, the voluntary transfer of possession from one person to an other is delivery According to Sec. 33 of the Sale...