Managerial Skills – 5 Major Types of Managerial Skills | Principles of Management

Managerial Skills

Managerial Skills

The 5 Major Types of Managerial Skills are described below:

(1) Technical Skills

A technical skill is the ability to apply procedures, techniques, and knowledge of a particular field. For instance, an accounting manager needs basic technical skills of the accounting profession. The need for technical skills decreases as the manager moves up in the organizational hierarchy. The first line managers require a high degree of technical skill in order to supervise subordinates effectively.

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Recession Marketing – What happens to marketing in a recession? | BBA Notes

Recession Marketing

 

Advertising is one of the first expenses cut when a recession hits, mainly because top management mostly people from the financial department does not believe in it; they accept it as a form of defensive insurance, not as a means of generating profits. Whenever revenue is expected to drop, they reduce marketing expenditures since the entire marketing budget is based on expected revenue.

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What is the purpose of pivot tables in a spreadsheet?

What is the purpose of pivot tables in a spreadsheet?

What is the purpose of pivot tables in a spreadsheet?

Pivot tables let you summarize large amounts of data quickly. They have many features, such as filtering and sorting. They play a crucial role in spreadsheet management for the following reasons:

a) A compact, understandable summary of a large amount of data.
b) The ability to query large amounts of data in a variety of user-friendly ways.
c) To focus on the information that we are interested in, we filter, sort, group, and conditionally format the most useful and interesting subset of data.
d) To see different summaries of the source data, move from row to column or column to row (Pivoting).
e) The probability of a useful and accurate analysis is increased by using a pivot table. Obtaining accurate, useful data, having access to the data for analysis, asking the right questions of the available data, and finally, conducting the analysis with the right tools are the biggest challenges we face in data-driven decision support.)
f)  Printing a report that is attractive.

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How does virtual memory differ from main memory and secondary memory?

How does virtual memory differ from main memory and secondary memory?

How does virtual memory differ from main memory and secondary memory?

As a computer design feature, virtual memory gives the illusion that a computer has more memory than it actually has. It is a way for software to use more and more memory than the computer physically has. According to Microsoft, virtual memory is defined as a temporary storage device used by a computer to run programs that require more memory than it has.

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Why excel is called Spreadsheet or Worksheet ?

Why excel is called Spreadsheet or Worksheet ?

Why excel is called Spreadsheet or Worksheet ?

Each workbook can contain many worksheets. A workbook is a Microsoft Excel file where we enter and store related data, whereas a worksheet (spreadsheet) is a collection of cells on one sheet. The same is true with excel, in which many charts and graphs can be inserted and plotted based on the data, which allows for a lot of analysis of data.

Moreover, Excel has the ability to create pivot tables and charts that help to summarize data creatively. This is why Excel is known as spreadsheets and worksheets.

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An excel workbook is a collection of Charts and Worksheets.

An excel workbook is a collection of Charts and Worksheets.

An excel workbook is a collection of

An excel workbook is a collection of Charts and Worksheets. Unlike many other types of software, excel does not require a separate application to open and edit its worksheets. This means that an excel workbook can easily be transferred between different computers – making it a great choice for projects that need to be shared between multiple people.

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Types of Performance of Contract – Actual Performance and Attempted Performance | Business Law

Types of Performance of Contract

Types of Performance of  Contract

Performance of contract means that both the promisor and the promisee have fulfilled their respective obligations under the contract. Contracts require the contracting parties to perform their mutual promises until they are discharged or terminated. A contract is discharged most naturally and usually by performing it. When a contract is performed as agreed, the parties are discharged from further responsibility. He is generally entitled to receive the performance of the other party if he performs such a task. For Example, X visits a bakery shop in order to purchase a cake. X pays the shopkeeper for delivering the cake. As a result of mutual performance, the contract is discharged.

Some of the Major Types of Performance of Contract are as follows:

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Importance of Branding – 4 Major Importance | Principles of Marketing

Importance of Branding

Importance of Branding

In marketing, branding is the process of building a strong, positive perception of a company, its products, or services in the mind of the customer by incorporating elements such as logos, designs, mission statements, and a consistent theme throughout all communications. It is important for companies to differentiate themselves from their competitors and to build a loyal customer base through effective branding.

You should focus on branding because it not only makes a lasting impression on your customers and clients, but it also gives them an idea of what to expect when visiting your company. Differentiate yourself from your competitors by stating what makes you unique and better than them. It is important for your brand to represent who you are as a business, as well as how you would like to be perceived.

Some of the points that highlights the Importance of Branding are as follows:

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