Everything you need to know about the managerial control. Control is an important function of management. It is an essential feature of scientific management. In fact much of the precision of managerial education is focused on the improvement of control techniques. It is generally used for putting restrains over the elements being controlled. In managerial terminology, control is ensuring work [...]
Everything you need to know about techniques of coordination in management. Coordination is an endeavour to ensure smooth inter-play of functions, orderly synchronizing functions of different departments for accomplishment of goals. It enables various groups of people working in the organization to work harmoniously to achieve the goals. All managerial functions are instrumental functions to co-ordination. Co-ordination is a continuous [...]
Everything you need to know about the types of business plans. Business plans help the managers in managing day to day affairs, utilising resources of organisation efficiently and in regulating working behavior of subordinates. Plans are classified as - Purposes (or) Missions, Objectives (or) Goals, Strategies, Policies, Procedures, Rules Programs and Budgets. Some of the types of business plans are:- [...]