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Sia ? 4 years, 1 month ago
Effective Control is a term that describes the powers that a person or position has within an organisation. We are obliged to verify the identity of all persons with Effective Control of an organisation. Anyone else in a position to have significant influence over your management or administration of your organisation.
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Sia ? 4 years, 1 month ago
At the most fundamental level, management is a discipline that consists of a set of five general functions: planning, organizing, staffing, leading and controlling. These five functions are part of a body of practices and theories on how to be a successful manager.
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Posted by Anjali Gupta 4 years, 4 months ago
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Sia ? 4 years, 4 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 4 years, 4 months ago
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Sia ? 4 years, 4 months ago
- Sole proprietorship.
- Partnership.
- Limited liability company (LLC)
- Corporation - C corp.
- Corporation - S corp.
- Corporation - B corp.
- Corporation - nonprofit.
- Flexibility.
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Sia ? 4 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 4 years, 4 months ago
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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 4 years, 1 month ago
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Sia ? 4 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.

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