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 [...]
Everything you need to know about the principles of directing. Direction is the sum total of managerial efforts that is applied for guiding and inspiring the sub-ordinates to make better accomplishments in the organization. It is concerned with the motivate, leadership, supervision and commanding of sub-ordinates and securing their best cooperation. It is an art which is learned from a [...]
Everything you need to know about the neo-classical theory of management. Neo-Classical theory is called human relations and behavioural science approach. It is built on the base of classical theory. It modified, improved and extended the classical theory. Classical theory concentrated on job content and management of physical resources. Neo-Classical theory gave greater emphasis to man behind the machine and [...]