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Sia ? 5 years, 5 months ago
The organizing process is also based on plans. Therefore, organization as a basic function of management needs planning to place it in the right direction. The resources and activities of the organization have to be organized.
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A debenture is one of the most typical forms of long term loans that a company can take. It is normally a loan that should be repaid on a specific date, but some debentures are irredeemable securities.
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(i) Rigidity of planning mismatches the current performance with prevailing environment and thus, planning suffers from inflexibility in meeting its targets.
(ii) Policies and programmes of the enterprise have to be established in course of the preparation of the plan. Once these are finalised it is difficult to change them.
(iii) Secondly, commitments have to be made for long-term capital investment. This is done at the time of preparing the plan. Thus, capital investment is planned for future in terms of the forecasts made now.
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The main characteristic highlighted by this statement is that “Management is an intangible force”.Which can not be seen but its existence is always there in every organisation.
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