Principles of Direction Following are the principles of direction: 1. Harmony of Objectives Harmonizing the individual’s objectives with the group objectives is the first principle of directing. Persons
Partnership and Co-ownership are two different segments in a business which should not be misunderstood. The earlier article on essential features for formation of partnership explains in detail
What does Partnership Act say about Partnership? Partnership comes into being only as a result of an agreement between the parties, general principles of law of contracts and
Need for International managers For many of the most powerful businesses, this is the future scenario, and the most successful will be managed by people who can best
Measuring the morale of the workers to find out whether it is increasing or diminishing is a very difficult task. However, there are certain tests which can be
How do Informal groups form? Informal groups are created in the organization because of operation of social and psychological forces operating at workplace. Informal groups develop apart from
The limited scope of working to which the line organization is liable, has given raise to another type of organization called “Functional Organization” otherwise known as “Functional Foremanship“.
According to L.A. Allen, sound organization can contribute greatly to the continuity and success of an enterprise in the following ways: 1. Facilitates Administration: If the plan of
What is a Line Organization? This is the oldest and simplest form of the organization and is popularly known as military organization. The term “Line” has been borrowed
Introduction Decentralization refers to the pushing down of functional authority and power of decision-making to the lower levels of the organization. It is really an extension of the