Economic planning implies state intervention and administration to have conscious and coordinated efforts to control and direct economic activities. But mere state intervention cannot be construed as economic
Why is a Product Important? А product is а bundle of utilities consisting of various product-features and accompanying services expected to yield satisfaction or benefits to the buyer.
What is Production Control? The production control is the function of management which plans, directs and controls the material supply and processing activities of an enterprise so that
Factors Influencing M.B.O. Programme The Management By Objective programme is gaining popularity due to certain factors, such as: 1. The dynamic nature of the environment in which the
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
Sources of Powers in an organization The sources of powers in an organization can be divided into two categories namely Internal sources, and External sources of powers. They
Who makes Strategic Decisions in an Organization? Most part of the strategic management is done through strategic decision-making. Strategic decision-making is not only crucial but also critical and
Strategy vs Policy The following are some of the differences between strategies and policies. 1. Policies are guidelines or paths of action to reach the goals, while strategies
Tools of Social Responsibility of Business Smooth relationship and understanding can be developed between the business and the community through the development of communication media or tools which
Social Responsibilities of Business towards Community The business owes a great irresponsibility to the community in various directions. Some of the major areas where business can and does contribute
