Differences between Policies and Procedures 1. Policy is a guide for thinking and action, whereas a procedure is a guide for action and performance to achieve the organization’s
There are different approaches to Total Quality Management (TQM). These refund the business on a flow basis, with customers directing the content of the flow and competitors, the
Advantages of Planning Planning is an important per-requisite for attaining the cherished goals of a business enterprise. Of all the managerial activities, it comes first because of the
In the words of J.L. Massie and Douglas, “an effective plan demands upon relating commitments among human, financial and physical resources sufficient to make the accomplishment feasible”. As
How are planning and forecasting related? Planning and forecasting are closely related to each other. Planning is deciding in advance what is to be done in future. Futurity
Important points of difference between formal and informal groups are given below: 1. Formation of groups: Formal groups are created deliberately and consciously in the organization by the
What is Internal Staffing? Internal sources of staffing is the most obvious source for an organization. It includes personnel already on the pay roll of an organization i.e.,
Essential elements of strategic planning Generally the following five elements are considered very essential regarding strategic planning. They are 1. Identify problems and opportunities that exist Success of a