Everything you need to know about ‘Planning in Management’. Planning is a primary function of management. All other functions of organizing, staffing, directing and controlling must reflect planning function of management. Though more important for higher levels, planning is the function of every manager. Before starting any task, every manager formulates strategies of how to do that particular task. Planning [...]
Everything you need to know about the merits, demerits, advantages, disadvantages, benefits and weaknesses of Management by Objectives (MBO). Management by objectives lays emphasis on result-oriented and participative style is basically a simple approach to management. Successful managers all over the world, whether in industry, defence, government, or educational institutions have unconsciously practiced the essence of management by objectives. Management [...]
Everything you need to know about the characteristics and features of planning. Planning is the first management function to be performed in the process of management. It governs survival, growth and prosperity of any enterprise in a competitive and ever-changing environment. Planning means looking ahead and chalking out future courses of action to be followed. It is rightly said "Well [...]