After reading this article you will learn about the relationship between environment and business. Environment is closely related with business. There is a constant 'give and take' relationship between environment and business. The business receives inputs, information and technology from the environment and gives it back in the form of outputs (goods and services). If these outputs are accepted by [...]
After reading this article you will learn about:- 1. Meaning of Informal Organisation 2. Features of Informal Organisation 3. Merits 4. Limitations. Meaning of Informal Organisation: As formal organisation grows in size, parallel existence of informal relationships along with formal relationships becomes unavoidable. Informal organisations have always existed with formal organisations. They arise because of inevitable social and personal needs [...]
After reading this article you will learn about:- 1. Meaning of Organising 2. Process of Organising 3. Importance 4. Principles. Meaning of Organising: Organising is a "process of defining the essential relationships among people, tasks and activities in such a way that all the organisation's resources are integrated and coordinated to accomplish its objectives efficiently and effectively". — Pearce and [...]