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Gaurav Seth 6 years, 5 months ago
(i) Planning provides the basis for controlling activities.
(ii) Controlling ensures that planned goals are achieved efficiently and effectively. It measures
the performance with the pre-determined standards and finds out the deviations, if any.
(iii) The causes of deviations as remarked by controlling are the basis of effective future planning.
(iv) Planning and controlling both are forward looking as well as backward looking.
(v)Both are integral parts of an organisation and are necessary for the smooth functioning of an enterprise.
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Gaurav Seth 6 years, 5 months ago
Planning and controlling are inseparable twins of management because: .
(i) Planning provides the basis for controlling activities.
(ii) Controlling ensures that planned goals are achieved efficiently and effectively. It measures
the performance with the pre-determined standards and finds out the deviations, if any.
(iii) The causes of deviations as remarked by controlling are the basis of effective future planning.
(iv) Planning and controlling both are forward looking as well as backward looking.
(v)Both are integral parts of an organisation and are necessary for the smooth functioning of an enterprise.
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Yogita Ingle 6 years, 5 months ago
Induction Training- Under this training, the selected employees are made familiar with the working environment of the organisation. It involves giving a brief overview about the workplace, introducing them to other employees and the managers and making them comfortable with the work environment.
Posted by Shruti Kansal 6 years, 5 months ago
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Sia ? 6 years, 5 months ago
DIRECTING is said to be a process in which the managers instruct, guide and oversee the performance of the workers to achieve predetermined goals. In field of management, direction is said to be all those activities which are designed to encourage the subordinates to work effectively and efficiently.
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Sia ? 6 years, 5 months ago
Human Resource Management is a management function concerned with hiring, motivating, and maintaining workforce in an organisation.
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Sia ? 6 years, 5 months ago
- Formal communication is also known by the name of official communication.
- In formal communication, full secrecy is maintained.
- Formal communication is written.
- Formal communication is time-consuming as opposed to Informal communication, which is rapid and quick.
- Formal communication is more reliable than Informal communication.
- Formal communication is designed by the organization.
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Gaurav Seth 6 years, 5 months ago
Retained earnings are the profits that a company has earned to date, less any dividends or other distributions paid to investors. This amount is adjusted whenever there is an entry to the accounting records that impacts a revenue or expense account. A large retained earnings balance implies a financially healthy organization. The formula for ending retained earnings is: Beginning retained earnings + Profits/losses - Dividends = Ending retained earnings
Posted by Kanak Khandelwal 6 years, 5 months ago
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Yogita Ingle 6 years, 5 months ago
Co-ordination plays a vital role as it binds all the other functions of management. It is the common thread of all activities such as purchase, production, sales etc that runs through. Some of the basic features are as follows
(i) Integrates Group Efforts Co-ordination brings unity to all. It gives a common focus to group efforts.
(ii) Ensures Unity of Actions It acts as a binding force between departments and ensures that all action is aimed at achieving the goals of the organisation.
(iii) It is a Continuous Process Co-ordination is not a one time function but a continuous process. It begins at the planning stage and continues till controlling.
(iv) It is an All Pervasive Function Co-ordination is required at all levels of management due to the interdependent nature of activities of various departments. It integrates the efforts of different departments and different levels.
Posted by Raman Preet Kaur 6 years, 5 months ago
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Sia ? 6 years, 5 months ago
Consumer's Cooperative Societies: It is formed by consumers for obtaining good quality products at reasonable prices. The society aims to achieve economy in operations by purchasing goods in bulk directly from the wholesalers and selling them directly to the members, thereby eliminating the middlemen.
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Priyanshi Meghrani 6 years, 5 months ago
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