A complete guide for helping you to establish and setup your new business unit. In this article we will discuss about the steps, procedure and stages involved in setting up a new business unit. Learn about:- 1. Steps in the Process of Entrepreneurship and Setting up a Business Unit 2. Generation of Business Ideas 3. Techniques to Generate Ideas-Creativity and [...]
In this article we will discuss about the types of economic activities. The activities are:- 1. Business 2. Industry 3. Commerce 4. Trade. Economic Activity Type # 1. Business: Business is an economic venture. It involves regular production and exchange of goods and services. Business is carried with a clear intent to make money by offering want satisfying goods and [...]
Process and Step of Controlling in Management! Process of Controlling in Management: K. Boulding states that the barest essential of any organization is a control mechanism. Control is the key factor. If the control mechanism fails, plans and programmes will also fail. A control mechanism or control process has five basic elements. They are as follows: 1. Establishment of standards [...]