What is Management Information System?
Management Information System (MIS): Management Information System (MIS) is an approach of providing timely, adequate and accurate information to the right person in the organisation...
Principles of Management
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Administrative plans & Operative plans
Administrative plans are plans which determine the basis of action for the whole organization as well as for the various segments of the organization for...
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Importance Of Management
According to Ducker, management is the dynamic life giving element in every organization. In its absence, an organization is merely a collection of men, machines,...
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Nature of Leadership
Leadership is a personal quality. It exists only with followers. If there are no followers, there is no leadership? It is the willingness of people...
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What is Budget?
It is the formulation of plans for a given future period in numerical terms. They are statements of anticipated results, either in financial or non-financial...
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Merits of External Sources of Recruitment
Merits of External Sources of Recruitment: 1) Availability of Suitable Persons: Internal sources, sometimes, may not be able to supply suitable persons from within....
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Process of Coordination
Co-ordination cannot be achieved through orders. It is a process which can be achieved through managerial functions. It is a by-product of good management. When...
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What is Inventory Plan & Control?
The economic order quantity [EOQ] approach is useful, when order quantities are predictable, & fairly constant through out the year EOQ approach does not work...
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What is Voluntary co-ordination?
Voluntary co-ordination: Brown and Simon have advocated voluntary co- ordination. They have stated that an ideal co-ordination is voluntary co-ordination and this can be secured...
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How to develop excellent managers?
Instilling a willingness to learn Planning for innovation Measuring & rewarding management Tailoring information [obtaining the right information in the right...