Responsibility Responsibility is the task entrusted by managers to subordinates. It means moral commitment to do the work assigned. A person who performs some work has the responsibility to do…
Category: MBA/1Sem/Managing Organization
Authority
Authority Authority is defined as the right to give orders, supervise the work of others & make certain decisi -ons. It is linked with the managerial position to give orders…
Decision Making
According to the Oxford Advanced Learner’s Dictionary the term decision making means – the process of deciding about something important, especially in a group of people or in an organization.…
Controlling
Controlling Control is a primary goal-oriented function of management in an organisation. It is a process of comparing the actual performance with the set standards of the company to ensure that…
Coordinating
Coordinating The synchronization and integration of activities, responsibilities, and command and control structures to ensure that the resources of an organization are used most efficiently in pursuit of the specified…
Directing
Directing Directing is about the actuation of the methods to work efficiently to achieve the set organizational objectives. The function goes beyond organizing the employees to their specific roles and…
Line and Staff Relationship
Line and staff organization is a modification of line organization and it is more complex than line organization. According to this administrative organization, specialized and supportive activities are attached to…
Organizing-Departmentalization
Organizing Organizing can be defined as the process by which the established plans are moved closer to realization.Once a manager set goals and develop plans, his next managerial function is…
Planning
Planning Planning is considered to be the central function of management because it sets the pattern for the other activities to follow. “Planning means defining goals for future organizational…
MANAGING IN PRESENT COMPETITIVE ENVIRONMENT
COMPETITIVE ENVIRONMENT A competitive environment is the dynamic external system in which a business competes and functions. The more sellers of a similar product or service, the more competitive the…