Everything you need to know about the principles of management by Henry Fayol. A number of principles of management have been developed to aid managers in performing their function well. A management principle is a statement of a general truth about organization or management. These act as a guiding rule of laws for managerial action. It establishes a cause and [...]
Everything you need to know about the merits, demerits, advantages, disadvantages, benefits and weaknesses of Management by Objectives (MBO). Management by objectives lays emphasis on result-oriented and participative style is basically a simple approach to management. Successful managers all over the world, whether in industry, defence, government, or educational institutions have unconsciously practiced the essence of management by objectives. Management [...]
Everything you need to know about the features and characteristics of management. Management is a central directing and controlling-agency indispensable for any enterprise involving organised co-operation and requiring collective efforts to realize some common desired results or specific objectives. The group efforts in the pursuit of common goals and objectives require proper leadership which is provided by the management. Some [...]