TYBMS students frustrated due to delay in marksheets!
Several BMS students from Mumbai University, who cleared their fifth-semester exam held in October after revaluation, and passed, are still awaiting their marksheets. This has delayed their...
Principles of Management
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Difference between Delegation and Decentralisation
Delegation and Decentralisation seem to be identical terms. But they are not identical terms. They differ from each other in many respects. The main differences...
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What is General or Specific Delegation?
General or Specific Delegation: when authority is given to perform general managerial functions like planning. Organising, directing, etc., the subordinate managers perform these functions and...
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What is Creative process?
It generally consist of four overlapping and interacting phases: Unconscious scanning. Intuition. Insight. Logical Formulation.
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Patterned or Structured Interview
Patterned or Structured Interview: this is the most common method of ‘interview is systematically planned in advance. The type of information to be asked, details...
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Advantages of Bureaucracy
Important advantages of bureaucracy are :- Specialization:- It offers a valid basis of dividing work. Whole organization id divided into different functional departments. Rationality:- It...
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What is Budgetary Control?
Budgetary Control: According to J.A. Scott, “Budgetary control is the system of management control and accounting in which all operations are forecasted and so far...
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Benefits of Informal organisation
Benefits of Informal organisation: Informal organisation has certain benefits. They are; (a) It helps the formal organisation to make a workable system to...
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Strategic plans & Tactical plans
Strategic plans are plans designed to achieve the overall or general objectives of the organization. Strategic plans are done by the top level management. They...
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Steps in Planning Process
Recognising Need for Action: The first step in planning process is the awareness of business opportunity and the need for taking action. Present and future...
