After reading this article you will learn about the horizontal and vertical diversification of firms. Horizontal Diversification of Firms: It means adding parallel products or services to the existing product/service line. The existing technical, marketing and financial expertise is applied to new products also. Horizontal diversification can take the following forms: 1. Concentric diversification: It is a form of horizontal [...]
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 [...]
After reading this article you will learn about:- 1. Meaning of Organisation Manuals 2. Types of Organisation Manuals 3. Contents 4. Merits 5. Limitations. Meaning of Organisation Manuals: 'Manual' means a hand-book. Organisation manual is a handbook maintained in hard cover, in loose-leaf form containing information about policies, operations, rules and regulations, objectives, procedures, departmental details etc. It is a [...]