Decision Making

Decision Making Decision-making has great importance for success of organization in contemporary management system. Managers have to take critical decisions at every stage. Decision-making pervades through all managerial functions such as planning, organizing, staffing, directing and control. In planning for example manager decides what to produce, where and when and in organizing manager decides about […]

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Planning

Planning,Nature of planning,Types of planning,Process of planning,Barriers of planning Planning: Planning is the primary function of management. It is the important process of deciding business objectives and charting out the method to accomplish these goals. This includes decision of what type of activity is to be done, where to be done and how the results […]

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Scientific Management | Principles of Management

Scientific Management: Scientific Management, also called Taylorism, is a theory of management that analyzes and synthesizes workflows. Its main objective is improving economic efficiency, especially labor productivity. It was one of the earliest attempts to apply science to the engineering of processes and to management. Frederick Winslow Taylor (1856-1915) Frederick was an American inventor and […]

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Managerial levels | Principles Of Management

Levels of Management,Managerial levels,Managerial Hierarchy: Many managers work in an organisation. However, these managers do not work at the same level. They work and operate at different positions. Hierarchy of these managerial positions is called Levels of Management. 1)Top Level of Management The Top Level Management consists of the Board of Directors (BOD) and the […]

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Emerging management issues and challenges

Emerging management issues and challenges: Globalization: Globalization phenomenon is getting popular these days. Globalization of business refers to the free flow of goods service, technology, labor, capital information, across the national boundary; it is closer economic integration among different countries in terms of flow of good service, capital labor and technology. Globalization is the tendency of […]

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Managerial roles | Principles Of Management

Managerial Roles: There are many roles a manager has within an organization. Henry Mintzberg describes ten specific managerial roles most commonly seen within organizations. This lesson will discuss each of these roles and what behaviors are associated with them.   Henry Mintzberg’s Managerial Roles There are many roles a manager has within an organization. Performing […]

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Henry Fayol’s Fourteen principles of Mananagement

Henry Fayol’s fourteen universal principles of Mananagement Henri Fayol  was a French mining engineer, mining executive,an author and director of mines who developed a general theory of business administration that is often called Fayolism. He and his colleagues developed this theory independently of scientific management but roughly contemporaneously. Like his contemporary, Frederick Winslow Taylor, he is […]

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Deming’s 14 Quality Management Techniques

Deming’s 14 Quality Management Techniques Following are the Edward Deming’s Fourteen Techniques of Quality Management: 1. Create constancy of purpose for the improvement of product and service, with the aim to become competitive, stay in business, and provide jobs. The problems of the future command first and foremost constancy of purpose and dedication to improvement […]

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Syllabus of Business Mathematics I

Syllabus of Business Mathematics I for BBA,BBA-TT,BBA-BI ,BCIS, FIRST semester MTH 101 Business Mathematics I BBA, First Year, First Semester Course Objectives The purpose of this course is to provide basic knowledge of algebra, equations and functions for business applications. The course also attempts to impart the knowledge of mathematics of finance, systems of linear […]

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