After reading this article you will learn about:- 1. Causes of External Growth Strategy 2. Merits of External Growth Strategy 3. Limitations. Causes of External Growth Strategy: 1. Economies of scale: Small firms have limited resources (financial and non-financial) and generally produce goods at high cost. They buy in small quantities and, therefore, pay high price for materials and other [...]
After reading this article you will learn about:- 1. Meaning of Organisation Charts 2. What Does Organisation Chart Show 3. Kinds 4. Principles 5. Merits 6. Limitations. Meaning of Organisation Charts: With increase in size and complexity of organisations; number of departments, sub-units and people working in the organisation is also increasing. There is increasing distance between top executives and [...]
After reading this article you will learn about:- 1. Meaning of Span of Management 2. Factors Affecting Span of Management 3. Graicunas Theory. Meaning of Span of Management: Depending upon the complexity of organisational activities and relationships amongst superiors and subordinates, it becomes important the superiors manage an optimum number of subordinates that result in optimum organisational output. All the [...]