Role of Capital Market in an Economy Financial market deals about the raising of finance by various institutions through the issue of various securities. Every business concern requires
Central Government (Securities and Exchange Board of India) exercise the following powers over stock exchanges. 1. Periodical Returns: All recognized stock exchanges have to submit periodical returns with
Introduction to Departmentation The process of organization consists of Dividing different duties and Assigning responsibilities to different people. Dividing and grouping of activities is of paramount importance to
Originally, the principle of Scientific Management was applied in the engineering industries. But now its scope is enlarged to cover all other aspects of the industrial management. It
Origin of Scientific Management Although the origin of the Scientific Management movement is traced to Charles Babbage (1832), the person who popularized the movement and made it acceptable
Organizing is now regarded as one of the essential functions of management. It, however, is not a phenomenon of the modern days. It existed in some form or
In the light of various principles of organization, the management should proceed to organize. Various Steps involved in process of organization Organizing consist of various steps. They are
The authorities on management science consider organization as the practical side of business administration. Organization refers to the way in which the component parts of an enterprise are
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