Looking at the current organizations across the globe, we now know that Management is a critical function of any organization. We can have the right…
Henri fayols 14 principles of management – With examples and application
Henri fayol’s 14 principles of management are remembered even today for their simplicity and genius. The thing is, whenever you are managing something or running…
Planning Process
The sequences of various steps in planning are in such a way that they lead to the translation of an idea into action by reaching to the state of establishing of sequences of activities. Each stage contributes to plan formulation in the following ways:
Features of Planning
Planning is an essential element for the success of any business establishment. Most of the renowned businesses that have been able to succeed in their…
Achievement motivation theory
The Achievement motivation theory relates personal characteristics and background to a need for achievement and the associated competitive drive to meet standards of excellence. Achievement Motivation…
7 simple reasons that justify the importance of planning
Importance of Planning The importance of plannings cannot be overemphasized for an organization or even for an individual. From the start of a small business,…
5 ways market segmentation influences decision making
Market segmentation is the first step of a marketing strategy and can help in marketing decision making as well. It involves segmenting the market based…
Vertical integration – Definition, Types and Examples
Definition Vertical integration is a process which is undertaken by the company to improve its control over the supply chain and give a better managed, more…
What is Organizational Buying
Every profit-oriented firm is always interested in making sure that they do everything possible to maximise the profit from the particular venture they engage in….
Force field analysis
“An issue is held in balance by the interaction of two opposing sets of forces – those seeking to promote change and those attempting to…
Types of Decision making Process
Decision making is an art and a science which has been studied over generations. The secret of marketing lies in learning what the customer wants…
6 important factors in planning
There have been companies which have failed because of improper planning and poor implementation. Imagine yourself walking blindly in a room which has nails kept…
