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81Delegation of Authority
In any organization no individual can perform all duties and accomplish all tasks by himself. It is physically impossible for a single individual to look after the affairs of a large business. His skill lies in his ability to get thins done...
23 comments
72Nature of Management
1. Universality: Management is an universal phenomenon in the sense that it is common and essential element in all enterprises. Managers perform more or less the same functions irrespective of their position or nature of the organization. The...
37 comments
73Effective Principles of Delegation
Delegation is one of the important element in an organizational functions. Through delegation interrelations are created in an organization. There are certain principles which can be followed as guidelines for effective delegation. They are:...
18 comments93Managerial Functions
The functions which describe managerial job, when put together, make up the management process. This process is analyzed into key functions of management viz., planning, organizing, staffing, directing and controlling. Planning, organizing and...
52 comments71Elements of Delegation
Mainly there are three elements of Delegation. They are: Assignment of task or duties Conferment of powers or authority Creation of obligation, responsibility or accountability Assignment of task or duties: While assigning the...
11 comments
69List of Classification of managerial skills
At all levels, Managers require three types of skills. They are: Technical Skills Human Skill Conceptual Skills Technical Skill: It is the ability of a manager to use the equipments, methods and techniques involved in...
5 comments80Social Responsibility of Management and Responsibilities of managers
The term social responsibilities can be defined as the obligation of management towards the society and others concerned. Reason for Social Responsibilities: Business enterprises are creatures of society and should respond to the demands of...
47 comments
73Definition of Management School
Management is the art of getting things done through people. In a broader sense, it is the process of planning, organising, leading and controlling the efforts of organisation members and of using all other organisational resources to achieve...
8 comments
71Management as a profession
Mr. Louis Allen defined profession as "a specialized kind of work practiced through and by use of classified knowledge, a common vocabulary, and requiring standards of practice and code of ethics established by a recognized body." Whether...
4 comments
72Choose to win the race
Many peoples are around us who constantly complain about their inability. And very often we hear the statements like "I do not have money", "I did not had any opportunity like you had." "I do not have the time." "I do not have the support."...
22 comments
