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 principles of management by Henry Fayol. A number of principles of management have been developed to aid managers in performing their function well. A management principle is a statement of a general truth about organization or management. These act as a guiding rule of laws for managerial action. It establishes a cause and [...]
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 [...]