Circumstances when Delegation of Authority is not possible Delegation cannot be made or delegation of authority is not appropriate when the following situations occur. 1. Unavailability of Subordinates
Delegation of authority is felt important because: 1. An individual’s energy and time is limited and hence, he cannot do more than his capacity to do. His work,
Delegation of Authority – Meaning: Delegation of authority is an important managerial practice of getting things done through others by sharing authority with them. It is the delegation
Introduction Board of directors are shareholders of the company. Mostly, the directors are elected by the shareholders and they in turn elect the Managing Director. The ultimate authority
Selection of Sales Territory The success of a selling programme largely depends on a proper selection of territories because if territory potential is properly assessed in terms of
A bilateral mistake of facts may be of two kinds Types of Bilateral Mistakes Mistake as to subject matter, or Mistake as to the possibility of performance Bilateral
When does Agency by Ratification arise? Where a person without being authorized, purports to act as agent, or a duly authorized agent acts beyond his/her authority, the principal
Bills of exchange is used primarily in International trade, and is a written order by one person to pay another a specific sum on a specific date sometime
What is Delivery of Goods? Delivery of Goods in the Sale of Goods Act is defined as a voluntary transfer of possession from one person to another. Thus,
What is Leadership? “Leading” is another important tool of directing. It is an activity on the part of the managers to get works done by various means. Leadership