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Yogita Ingle 6 years ago
| <div>Bases</div> | <div>Delegation of authority</div> | <div>Decentralization of authority</div> |
| <div>Nature</div> | <div>Process of transferring authority and creation of responsibility between superior and subordinates is called delegation. It can take place without decentralization</div> | <div>Decentralization is delegation of and dispersion of authority. It is not possible without delegation of authority</div> |
| <div> Purpose</div> | <div>It minimizes the burden of managers of unit, departments or plant</div> | <div>It prepares the organizational participants of the organization</div> |
| <div> Relationship</div> | <div>Relationship is between superior and immediate subordinates are indicated</div> | <div>Relationship is between top level, management, departments and units</div> |
| <div> Techniques</div> | <div>It is technique of management used to get the things done through others</div> | <div>It is both philosophy and technique of management</div> |
| <div> Parties</div> | <div>It is confined to manager and subordinates</div> | <div>It involves all managers at all level and relates relationship between departments, sections and units.</div> |
| <div> Responsibilities</div> | <div>Authority is only delegated, not responsibilities</div> | <div>Superior is relieved from responsibilities too</div> |
|
Necessity |
<div>Very important to management process</div> | <div>It is optional and situational as per the need</div> |
| <div> Control</div> |
Control remains in hand of superior who supervise the activities of subordinates |
<div>Control is delegated and decentralized to the departmental managers</div> |
| <div> Withdrawal of authority</div> | <div>It can be withdrawn by delegator at any time</div> | <div>Withdrawal of authority is not simple.</div> |
Asad Ahmad 6 years ago
Posted by Kabir Singh 6 years ago
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Kashish Madaan 6 years ago
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Yogita Ingle 6 years ago
(1) COORDINATION REFERS TO : Synchronization of various activities and efforts of
• all individuals,
• groups
• departments
in common direction to achieve the goals of the organization.
(2) LACK OF COORDINATION RESULTS IN :
• overlapping,
• duplication of efforts,
• delay in work and chaos.
(3) COORDINATION ENSURES THAT :
• right person is assigned right job,
• right job is performed at the right time,
• right product/service is delivered to the customer at the right time.
Jasmine Sharma 6 years ago
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Karan Chopra 6 years ago
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Yogita Ingle 6 years ago
Trading procedure :
- Selection of a Broker: The first step is to select a broker, who will buy/sell securities on behalf of the speculator/investor. This is necessary because trading of securities can only be done through SEBI registered brokers, who are members of stock exchange. Brokers may be individuals, partnership firms and corporate bodies.
- Opening Demat Account with Depository: The next step is to open a demat account. Demat (Dematerialised) account refers to an account which an Indian citizen must open with the depository participant (banks and stock brokers) to trade in listed securities in "electronic form.
The securities are held in the electronic form by a depository. ‘Depository’ is an institution/organisation which holds securities (e.g. shares, debentures, bonds, mutual funds, etc) in electronic form, in which trading is done. - Placing the Order: The next step is to place the order with the broker. The order can be communicated to the broker either personally or through telephone, cell phone, e-mail, etc.
The instructions should specify the securities to be bought or sold and the price range within which the order is to be executed. Only the securities of listed companies can be traded on the stock exchange. - Executing the Order: According to the instructions of the investor, the broker buys or sells securities. The broker, then issues a contract note. A copy of the contract note contains the name and the price of securities, names of the parties, brokerage charges, etc. It is duly signed by the broker.
- Settlement: This is the last stage in the trading of securities done by the brokers on behalf of their clients. The mode of settlement depends upon the nature of the contract. Equity spot markets follow a T + 2 rolling settlement. This means that any trade taking place on Monday gets settled by Wednesday. Stock, exchange operates from Monday to Friday between 9:55am and 3:30pm. Each exchange has its own clearing house, which assumes all settlement risk.
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Ařțhîä.. Čřìśtaín ?? 5 years, 11 months ago
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Sunaina Bisht 6 years ago
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Vinayak Gupta 6 years ago
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