Essentials of Good Planning Part - I

As is evident from different theories of business management, that planning is the fundamental and inseparable aspect of any business thus its significance cannot be undervalued. All objectives are achievable only after an effective and efficient planning.

Every organization tries to make its planning comprehensive and operational. Its top management devotes a considerable time and effort in order to intellectualize an effective plan. A plan is considered as effective based on certain criteria. However, in simple terms an effective plan is one which is capable of accomplishing the pre-determined objectives of the business with given time and resources.

Some of the essential traits that make planning effective are discussed under:

Read More

COORDINATION: PRINCIPLES OF MANAGEMENT / MANAGEMENT PROCESS

Coordination as a process is mutual understanding to achieve predetermined goal of industrial or business organization utilizing all the factors of production. The development of harmonious,

Read More

CONTROL: PRINCIPLES OF MANAGEMENT / MANAGEMENT PROCESS

An important process is Control, which keeps the whole system in check so that it moves as per the pre defined parameters.  Control determines the actual status with respect to the planned performance.

Read More

STAFFING: PRINCIPLES OF MANAGEMENT / MANAGEMENT PROCESS

PRINCIPLES OF MANAGEMENT: MANAGEMENT PROCESS: - Element - Staffing

Another important activity of Management Process is Staffing.

Staffing is basically selection, training, development and assessment of the human factor present in any unit or organization. A unit or organization is composed of

Read More

FUNDAMENTAL & ELEMENTS / FUNCTIONS OF MANAGEMENT

Activities like, planning, organizing, controlling, coordinating and motivating are described as the fundamental functions of “Process of Management” or “Management Process”. These are the basic five elements of Process of Management Process. 

Read More