Tag: business management
Business Combination
What is Circular combination in business? Circular combination refers to combination of firms engaged in different businesses and producing different products. For e.g. a cell phone manufacturer combining with …
Business Combination
What is Vertical Combination? In the words of Prof. Robinson, “Vertical combination is the combination of firms in successive stages of the same industry.” In the case of vertical …
Business Combination
Horizontal business combination What is horizontal combination? It refers to combination of businesses engaged in the production of the same type of product or engaged in the same trade. …
Business Planning
Role of Chief Executive Officer in Organization The Chief Executive Officer (CEO) is designated as the Managing Director, or President or General Manager or Chairman or Executive Director. The …
Business Management
Importance of Communication for Management Communication is essential for management for the following reasons: 1. It is a prerequisite to work communication. Management cannot communicate to workers unless management …
Business Management
Meaning and Definition of Control Control is intended to ensure and make possible the performance of planned activities and to achieve the predetermined goals and results. It involves monitoring …
Business Management
What are Policies? Policies are general statements that guides in decision-making. A policy refers to a continuing decision which applies to repetitive situations. It is standing answer to a …
Business Management
Delegation, although seems to be a simple process, suffer from several obstacles in practice. These obstacles arise partly on account of the superiors’ attitude, partly due to the subordinates …
Business Management
Essential characteristics of effective control system If control is to be effective and adequate, it must satisfy the following requirements: 1. Perfect Plan: Control should reflect the plan designed …
Business Management
Management is essentially a process of decision-making, and managers at various levels are mainly concerned with decision-making. Without decisions, the functions of management could not take place and the …
