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 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 [...]