Various control techniques have been developed to help the managers in both business and non-business organisation. Traditional Techniques of Control: (a) Personal Observations: This is the most effective and oldest method of control. In this technique the manager observes the operations on the spot and directs the subordinate accordingly. This will have the psychological impact on the employees. The merits [...]
Here is a list of the most eminent contributors of management thought who have made enormous additions to the subject of management. 1. Contribution of Henri Fayol (1841 -1925) towards Management Thought: He was considered as the "Father of Principles of Management". He was a mining engineer by profession. At the age of 47 he was appointed as the General [...]
Planning is the primary function of management. Its purpose is to ensure optimum utilisation of human and economic resources in the business processes. It precedes all other activities of the business undertaking. It is the process of charting out the path for attaining the ultimate purpose of business operations by outlining the sequence of events forecast with reasonable degree of [...]