Everything you need to know about the steps, stages, procedure and process of decision-making adopted by business, organisations and managers. Decision making is many-phased and sequential process. It involves a series of interrelated steps that lead manager towards optimum solution. The stages need not be rigidly applied, rather they depend on situations. This process is more applicable to non-programmed decisions. [...]
Everything you need to know about the traditional techniques and methods of controlling. Traditional techniques are those which have long been used by the managers. Management tries to ensure that the scare recourses at its disposal are efficiently and effectively utilized. The deviations from standard may be seen due to various factors of the organisations. To attain the objectives of [...]
Everything you need to know about the types of economic systems. Economic system determines the nature of state intervention in the business. Thus, economic system is an integral part of the business environment. Economic System consists of “those institutions which a given people, a nation or a group of nations have chosen or accepted as the means through which their [...]