Author: pritamkurrey111

Authority Authority is the degree of discretion conferred on people to make it possible for them to use their judgement.When an enterprise is small then decision-taking power is centralised in few hands. As the...

After making plans and having an appropriate structure to achieve the goals, the manager is required to get his individual which prompts him to action. Every individual has needs and desires which are called...

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...

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 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...

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....

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....

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...

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 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...