Category BASIC BUSINESS KNOWLEDGE

What about personality

What about personality Personality Some people are silent and submissive while others are sociable and aggressive; some are punctual and hardworking whereas some lack punctuality and are lazy,some are assertive and optimistic while some are shy and pessimistic. The personalities…

What is decentralization

What is decentralization De centralisation implies the dispersal of decisionmaking power at lower levels of management. When the power to take decisions and formulate policies does not lie with one person at the top but is passed on to different…

What about centralization

What about centralization Centralisation is a common ocuurrence in small enterprises. The success of a small enterprise depends upon the dynamic manager who single-handedly commands the running of the concern. He takes all the decisions himself and entrusts only implementation…

What is authority

What is authority Authority Authority is the degree of discretion conferred on people to make it possible for them to use their judgement.When an enterprise is small then decision-taking power is centralised in few hands. As the enterprise grows there…

What is motivation

What is motivation After making plans and having an appropriate structure to achieve the goals, the manager is required to get his individual which prompts him to action. Every individual has needs and desires which are called motives and which…

Theory of motivation

Theory of motivation Theories of Motivation 1. Maslow’s Hierarchy of Needs Theory The basic theme of Maslow’s Hierarchy of needs theory is that human needs are not of equal strength. He thought that a person’s motivational needs could be arranged as…

What is staffing

What is staffing Meaning of Staffing Every organisation requires a number of persons for taking up different positions. The positions are created through the process of organisation and their occupants help in achieving the business objectives. The persons occupying different…

Theories of business forecasting

Theories of business forecasting Theories of Business Forecasting In the old time business forecasting were done only on the basis of experiences and assumptions. But in present time this work is done on the basis of scientific methods. The business…

What is business forecasting

What is business forecasting forecasting Concept of Forecasting According to Simpson and Kafka, “In statistics the term (forecasting) refers to the extending or projecting a time series into the future based on past behaviour of the quantitative data. According to…

What is objectives

What is objectives Objectives The meaning of objectives Objectives When the top level management of an organisation clearly lays out the mission or goals of the establishment then the next step is to convert these into actual tasks. For this…