Control is necessary to function to make all other managerial functions effective and such that the corporate goals are achieved effectively and efficiently. So, every … 6 Major Steps in Controlling Process in ManagementRead more
Managerial Economics
Decision making is essential for all activities of every institution, right from planning to enforcing controls, otherwise, the accomplishment of the tasks will not possible.
If it is said that the management functions are dependent on decision making, it will not be an exaggeration.
To organize business financing, it is very important for you to know how much you are earned. You can track your monthly, weekly, and yearly earnings.
7 Major Internal and External Forces of Organizational Change
Organizations depend on and must interact with their external environment in order to survive and grow. They get inputs from their environment, transform them through … 7 Major Internal and External Forces of Organizational ChangeRead more
What is the Nature of Organizational Change?
Management will never be able to anticipate the future with total accuracy but proactive Planning can bring dynamics to the organization. Organizational Change is an … What is the Nature of Organizational Change?Read more
What are the Merits and Demerits of Decentralization?
Decentralization means consultant delegation of authority throughout the organization. It is pushing down authority and power decision-making to the lower levels of the business organization. … What are the Merits and Demerits of Decentralization?Read more
Difference Between Centralization and Decentralization in Management
Centralization is the Systematic and consistent reservation of authority at the Central point within the organization. Also, Decentralization is the tendency to disperse decision-making authority … Difference Between Centralization and Decentralization in ManagementRead more
27 Major Roles and Responsibilities of Managerial Economist
In today’s complex and ever-changing business environment, the role of a managerial economist has become increasingly critical. A managerial economist is a professional who combines … 27 Major Roles and Responsibilities of Managerial EconomistRead more