Ask questions which are clear, concise and easy to understand.
Ask QuestionPosted by Anjali Gupta 3 years, 3 months ago
- 2 answers
Sia ? 3 years, 3 months ago
Centralization means concentration of authority at the top level. In other words, centralization is a situation in which top management retains most of the decision making authority.
Decentralization means disposal of decision making authority to all the levels of the organization. In other words, sharing authority downwards is decentralization.
According to Fayol, “Degree of centralization or decentralization depends on no. of factors like size of business, experience of superiors, dependability & ability of subordinates etc.
Anything which increases the role of subordinate is decentralization & anything which decreases it is centralization.
Fayol suggested that absolute centralization or decentralization is not feasible. An organization should strike to achieve a lot between the two.
Posted by Ashok Singad 3 years, 3 months ago
- 1 answers
Sia ? 3 years, 3 months ago
- Sole proprietorship.
- Partnership.
- Limited liability company (LLC)
- Corporation - C corp.
- Corporation - S corp.
- Corporation - B corp.
- Corporation - nonprofit.
- Flexibility.
Posted by Ronit Saini 3 years, 3 months ago
- 3 answers
Account Deleted 3 years, 3 months ago
Shanmuga Priya 3 years, 3 months ago
Gungun Pandey 3 years, 3 months ago
Posted by Shilpa Sinha 3 years, 1 month ago
- 1 answers
Sia ? 3 years, 1 month ago
The two impacts of government policy changes on business and industry are:
- Increasing competition: As a result of changes in the rules of industrial licensing, entry of foreign firms creates competition for Indian firms, especially in service industries like telecommunication, airlines, banking, insurance, etc which were earlier placed in the public sector.
- More demanding customers: Government policies leading to economic liberalisation allow consumers to become well-informed, increase their purchasing power (through rising incomes) and change their lifestyle, which makes them more demanding about quality and value-driven products/services.
Posted by Kaushik Singh 3 years, 3 months ago
- 2 answers
Account Deleted 3 years, 3 months ago
Sia ? 3 years, 3 months ago
Coordination is the essence of management for the achievement of harmony of individual efforts towards the accomplishment of group goals. It is an orderly synchronisation of individual efforts in a proper manner that the organisational efforts can be achieved efficiently and effectively.
Integrates group efforts: The concept of coordination always applies to group efforts. There is no need for coordination when only single individual is working. The need for orderliness, integration arises only when more individuals are working as different individuals come from different backgrounds, have different styles of working so there is need to unify their efforts in common direction.
Ensures unity of action: Coordination always emphasises on unifying the actions of different individuals.. The main aim of every manager is to coordinate the activities and functions of all individuals to common goal.
Posted by Deepti Das Deepti Das 3 years, 1 month ago
- 1 answers
Sia ? 3 years, 1 month ago
Proper staffing ensures continuous survival and growth of an enterprise through succession planning for managers. It includes training and development, performance appraisal, promotion and career planning, compensation etc.
Posted by Riza Vs 3 years, 4 months ago
- 3 answers
Aakanksha Kashyap 3 years, 2 months ago
Account Deleted 3 years, 3 months ago
Posted by Natasha Mishra 3 years, 4 months ago
- 1 answers
Sia ? 3 years, 4 months ago
the part of a financial system concerned with raising capital by dealing in shares, bonds, and other long-term investments.
| Basis | Capital Market | Money Market |
| Instruments | Instruments traded are shares, debentures and bonds. | Instruments traded are treasury bill, commercial paper, certificates of deposit, call money and commercial bill. |
| Duration | It deals in medium term and long term securities | It deals in short term securities |
| Expected return | The investment in capital markets generally yields a higher return | The expected rate of return of the money market is less. |
| Security/Safety | Capital market instruments are risky with respect to returns and principal repayment. | Money market instruments are generally much safer with a minimum risk of default |
| Meaning | It refers to the facilities and institutional arrangements through which funds, both debt and equity are invested and raised. | It is the market where low risk, unsecured, highly liquid short term debt instruments are issued and traded |
Posted by Natasha Mishra 3 years, 4 months ago
- 2 answers
Account Deleted 3 years, 3 months ago
Posted by Greatful Kharkongor 3 years, 4 months ago
- 1 answers
Preeti Dabral 3 years, 4 months ago
Following are the consequences or adverse effects of each of these principles:
- Division of work: The violation of this principle leads to the dearth of specialization among the employees.
- Unity of Command: The violation of this principle leads to confusion in the mind of the subordinate in following the orders.
- Remuneration: The violation of this principle leads to a situation of unrest among the employees and makes them demotivated.
- Order: Improper placement of men and material may lead to wastage of resources.
- Stability of tenure: Instability and insecurity among employees and they would tend to leave the organization.
Posted by Himani Goswami 3 years, 4 months ago
- 3 answers
Palak Bhardwaj 3 years, 3 months ago
Deepanshu Jha 3 years, 4 months ago
Posted by Deepa Mainali 3 years, 4 months ago
- 1 answers
Sia ? 3 years, 4 months ago
Posted by Saad Ali 3 years, 4 months ago
- 1 answers
Sia ? 3 years, 4 months ago
(a) Providing managers with useful insights into reality: The principles of management provide the managers with useful insights into the real world situations. Adherence to these principles will add to their knowledge, ability and understanding of managerial situations and circumstances. It will also enable managers to learn from the past mistakes and conserve time by solving recurring problems quickly. As such management principles increase managerial efficiency.
(b) Optimum utilization of resources and effective administration: Both human and material resources, available with the company are limited. They have to be put to optimum use. By optimum use we mean that the resources should be put to use in such a manner that they should give maximum benefit with minimum cost. Principles equip the managers to foresee the cause and effect relationships of their decisions and actions. As such the wastages associated with a trial-and-error approach can be overcome.
(c) Scientific decisions: Decisions must be based on facts, thoughtful and justifiable in terms of the intended purposes. They must be timely, realistic and subjected to measurement and evaluation. Management principles help in thoughtful decision-making. They emphasize logic rather than blind faith. Management decisions are taken on the basis of principles which are free from bias and prejudice. They are based on the objective assessment of the situation.
(d) Meeting changing environment requirements: Although the principles are in the nature of general guidelines but they are modified and as such help managers to meet changing requirements of the environment. Management principles are flexible to adapt to a dynamic business environment.
(e) Fulfilling social responsibility: The increased awareness of the public, forces businesses especially limited companies to fulfill their social responsibilities. Management theory and management principles have also evolved in response to these demands. Moreover, the interpretation of the principles also assumes newer and contemporary meanings with the change in time.
(f) Management training education and research: Principles of management are at the core of management theory. As such these are used as a basis for management training, education and research. These principles provide basic groundwork for the development of management as a discipline. These principles enable refinement of management practices as well by facilitating the development of new management techniques which have developed due to further research on these principles.
Posted by Pulkit Verma 3 years, 4 months ago
- 1 answers
Posted by Ayush Panda 3 years, 4 months ago
- 1 answers
Sia ? 3 years, 4 months ago
Resource management is the process of planning, scheduling, and allocating resources in the best possible way. The ultimate aim is to maximize your resources' efficiency. This in turn will help the success of your project, task, or monthly goals. Resources can be anything from people to machinery.
Posted by Afsana Kalari 3 years, 4 months ago
- 3 answers
Preeti Dabral 3 years, 4 months ago
Because management unites the efforts of different individuals in the organisation Towards achieving the goals.
Aakanksha Kashyap 3 years, 2 months ago
Posted by Vasu Thummar 3 years, 4 months ago
- 2 answers
Priyanshi Jaiswal 3 years, 4 months ago
Posted by Priyanshu Gariya 3 years, 4 months ago
- 1 answers
Vansh Gupta 1 year, 5 months ago
myCBSEguide
Trusted by 1 Crore+ Students
Test Generator
Create papers online. It's FREE.
CUET Mock Tests
75,000+ questions to practice only on myCBSEguide app
Nandani Moolchandani 3 years ago
0Thank You