Top 10 Benefits of Business Planning The systematic business planning helps the business to derive its advantages and get benefits out of them. The Benefits of business planning
Objectives of Business Environmental Analysis Business Environmental analysis has three basic objectives, which are as follows: 1. Help understanding Existing Environment It is important that one must be
Ways to reduce Labour Turnover A company can reduce labour turnover in the following six ways. Adequate Statistical Control Scientific System of Recruitment, Selection, Placement and Follow Up
What is Production Planning & Control (PPC)? Production planning and control is a predetermined process which includes the use of human resource, raw materials, machines etc. PPC is
Weaknesses and Shortcomings of M.B.O There are several weaknesses of the system, such as: 1. The effectiveness of M.B.O system depends on top management support, for objectives and
Functional Responsibilities and Priorities of Senior Management The following are some of the functional responsibilities and priorities of senior management. 1. Management By Wandering Around (MBWA) Management should
What is Management Audit? Management audit is a systematic evaluation of the functioning performance and effectiveness of management of an organization. It a thorough-going, critical and constructive review
Factors influencing Optimum Size of Business Unit The following are the factors that influence the optimum size of a firm: Technical forces Managerial forces Financial forces Marketing forces
10 Important requisites of Valid Ratification The requisites of valid ratification are as follows: 1. The Principal should be in Existence The agent must expressly contract an agent
What is Lateral Combination? Lateral combination in business refers to combination of firms engaged in the manufacture of allied products. It is the combination of firms producing products