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- Zero-base Budgeting Explained
It can be called a planning and budgeting process, which requires each manager to justify its entire budget request in detail from scratch and shifts the burden of proof to each manager.
- What are Trade Associations?
A trade association may or may not have the share capital. If it does not have the share capital, its financial requirements are met by combination subscription fees. It prepares its own memorandum and articles of association or bye-laws for regulating its working.
- Vertical Business Combination Explained
This type of business combination takes place in the industry where a product passes through a number of processes. It is the result of integration of processes.
- Process of Staffing Explained
Every company tries to recruit the most suitable and skilled personnel. For this purpose the process of staffing is undertaken at a very minute level as per the requirements of the organization.
- Objectives of Public Enterprises In Developing Countries
Government has great finances and it enters those fields where private entrepreneurs cannot come up with the money for investment. In case of railways, shipbuilding, energy producing concerns, huge investments are required and these sectors are very significant for the nation.
- Let’s Discuss Different Theories of Leadership in Business
Different authors hold different views on the qualities that are considered essential for effective leadership. Some emphasize on personal attributes and traits of the leadership. Others emphasize on the actual behavior and action of the leader.
- What Is Break Even Analysis?
The study of cost-volume-profit relationship is frequently referred to as break-even analysis. The term is used in two senses. In its narrow sense, it refers to a technique of determining that level of operations where total revenue equals total expenses i.e. the point of no profit no loss.
- What do We Understand by Human Resource Management?
Human resource management not only helps in getting hold of apt persons but is functional in retaining them also. Human resource management method stresses the fact of the improvement of the subordinates’ potential.
- How to Make Communication Effective in Business?
Effective communication largely depends upon the effective organizational structure. If the structure is complex, involving several layers of management, a breakdown in communication can arise.
- How to Improve the Morale of your Employees?
There ought to be proper communication between management and the staff. All guiding principles and programs must be explained to the subordinates through descending communication.
- Kinds of Promoters in Business
A promoter is the one who envisages an idea for setting up a particular business at a given place and carries out a variety of formalities required for starting a business.
- Business Combinations Discussed
Business combination is a way of economic association where in a common control is exercised over many firms, which are operating either in competition or are running independently.
- Staffing In Business Explained
Staffing, these days, is better called as personnel management- a separate branch of management. Staffing is the job of manning and keeping manned the positions provided in the organizational makeup.
- Nature of Business Management Principles
The application of the management principles and their effectiveness depends upon the philosophy of the organization and the socio- cultural background of the people.
- Decision Making and Planning Differentiated
In reality, the decision is the point at which plans, policies and objectives are translated into concrete actions. Good decision-making is not possible without sound planning.
- What are the Advantages of Scientific Management in Business?
Scientific management is essential for any type of business these days. It aims at introducing new and improved methods of production and removal of wastage and inefficiency in undertaking the production activities.
- What is Piece Wage System?
Wages can be defined as a sum of money paid to the staff by the employer for rendering services as per a contract. Piece rate is used for jobs in which the quantity of work done by a person or a group is readily counted or calculated.
- How Business Control Process Works?
Management control is a process by which managers guarantee that resources are obtained and used efficiently and competently in the achievement of managerial objectives.
- Relationship Between Planning and Control Explained
Planning is required at the very outset of management whereas control is required at the last stages. If planning is looking ahead, control is looking back.
- What is the Importance of Management in Business?
Some underestimate the importance of management in business but the latest researches have shown that it is certainly not the case. The input of the labor, capital and raw materials can never become production without the catalyst of management.
- Importance Of Supervision In Business
Control of human resources is most important of all. This is done through the process of supervision. Supervision is the activity of overseeing the subordinates at work to ensure that the work is performed as required.
- Financial and Personnel Management Differentiated
The financial management deals with the estimation of financial requirements of the organization. Personnel management deals with people at work. It consists of managing human resources. Effective management of human resources is one of the most crucial factors.
- What Is The Scope Of Management In Today’s Business?
It may be a school, a college, a cinema, a temple a hospital or a business, management is needed everywhere. That is why it has a very vast scope. The scope of management includes all the functions performed by managers to get things done.
- What Is Meant By Management of Profession?
A business can progress only if its management knows and appreciates the codified principles of the management. Like any other profession, management also has its own body of systematized knowledge, which contains different principles and techniques.
- Levels of Management In Business
Top management is the ultimate source of authority and it lays down the goals, policies and plans for the enterprise. On the other hand the middle level management is responsible for the implementation of the set plans and policies of the top-level management.
- Kinds Of Partners In Business
A business may have different kinds of partners depending on their input and role in business.
- Financial Planning Explained
Suitable financial planning is indispensable for the fulfillment of business objectives. The need for a practical financial plan is as vital for a new concern as it is for an existing concern.
- How Should Effective Coordination Be Achieved In Business?
The first thing ought to be kept in mind is that the targets and objectives of the business should be unmistakably distinct. Everybody should know the task he or she can play to realize set goals.
- Good News For Accountants In This Low Economy
Accounting is one of the few professions that have not been hit by the recession in the economy. On the contrary, demand for accountants has considerably increased. This has happened because the financial crisis has put almost all the businesses on guard.
- Let’s Learn About Business Checks
To get rid of cumbersome work, software professionals have invented computer checks. These checks are totally attuned with the accounting and other such business software.
- Outsourcing Explained In Detail
A very common reason for outsourcing is the achievement of cost-effectiveness in the company. A company may also want to reduce the hassles in its business and so may resort to outsource those parts of business that are not much important.
- Better Your Business With Mail Services
A mail service saves a lot of your time and you are rest assured as far as your professional mail address is concerned. Now, you need not worry about the innumerable questions from your clients.
- Are Any Kind Of Ethics Involved In Accounting?
The best way out for an accountant is to go by the rules and regulations of the business for which he is providing his services. The accountant also has to keep in mind that any step taken by him can damage the reputation of the company.
- Want To Start A Business : Think Over What Is Written Below
You must ask yourself, why do I want to start business? Do I want a lot of profit or do I want financial freedom? Your sincere answer to the above questions will go a long way in determining your success.
- What Is Industry After All?
Industry is that constituent of production, which is involved in changing the form of a good at any stage from raw material to the finished good.
- Why Is Insurance Indispensable for business?
It is always the intention of the business owner that somehow some kind of reimbursement should be available in case of any adversity or calamity. A businessman tries to shift the risk to those agencies, which are specialized in bearing that risk. Insurance is the best way to shift the risks.
- Importance Of Planning In Business
Planning is concerned with the mental state of a manager. He thinks before undertaking any work. Other functions of management such as organizing, staffing, directing, coordinating and controlling are also undertaken after planning.
- Is There Any Social Responsibility Of Business?
It is important that a business should be taken out as per the existing social needs. The present business activities are different from the older times. Today, business is more society oriented
- What Is The Value Of Communication In Business?
It has been established that managers spend about 80% to 95% of their working time in communicating with others. Communication is indispensable for all managerial activities such as organizing, planning, directing, motivating and controlling.
- Process Of MBO (Management By Objectives) Explained
The objectives act as motivational factors and help in increasing employee competence. The setting of goals is not an easy thing. It requires lot of accepted wisdom and preparation.
- Strategies In Business
A strategy is a decision-making choice and involves considerations for internal strength and weaknesses and external environment affecting the company. When an enterprise is satisfied by its present position then the strategy becomes a stable strategy
- Let’s Grasp The Process Of Policy Formulation In Business
It is imperative that sound policies ought to be framed; otherwise any business cannot function with smoothness. Anarchy and tyranny may result in a business that is not erected on the foundation of sound policies.
- Reasons For Low Morale Of Employees In Business
Good morale is evidenced by an employee's passion and eagerness to achieve the set objectives in an organization. An employee can develop low morale because of a host of reasons.
- How To Overcome Barriers In Business Communication
The words or symbols selected for conveying the message must be suitable to the reference and understanding of the recipient. Attempts must be made to cut down the distance to be traveled for conveying information.
- Let’s Discuss Types Of Leadership In Business
Though there are fixed leadership patterns or types in theory, in actuality there is always a diversified assortment of leadership traits available in any business organization.
- How To Run A Business Organization Effectively?
A proficient organization is essential for the triumph of a business enterprise. It should also be kept in mind that duties and responsibilities of all the employees in the business are clearly fixed and defined so that there is not even a single loop hole left for anybody to take advantage thereof.
- The Importance Of Leadership In Business
Whenever there is an organized assembly of people working towards common goals, some type of leadership becomes essential. Although the concerns for leadership is as old as history, it has become more acute during the last few decades due to complexities of production methods.
- Significance Of Motivation In Business
Efforts should be made to motivate workers for their greatest input. The hard work of the management will not bear fruit if employees are not encouraged to work harder.
- What Are The Modern Control Techniques In Business?
The return on investment is computed by dividing the operating net profit by the capital employed in concern. ROI is used to measure the general competence of a concern.
- Production Planning And Control Understood
Production planning is the function of looking ahead, foreseeing difficulties to be faced and the likely curative steps to eliminate them. Production control on the other hand steers and directs flow of production so that products are manufactured in the most excellent way.