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
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
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
What is Autocratic Style Leadership? Autocratic style of leadership is also known as ‘Leader-centered Style‘ or ‘Authoritarian Style‘. Under this style, leader concentrates all authority in himself, instructs
Advantages of Management by Objectives (M.B.O) 1. M.B.O. forces the managers not simply to plan activities but plan for results. The managers define the objectives while formulating plans.
Techniques of effective Coordination in Organization Some of the techniques that are used to achieve effective coordination are given below: 1. Direct Contact: One of the most effective
Mary Parker Follett has mentioned the following as important principles of co-ordination: Important principles of coordination 1. Direct Contact: The principle of direct contact is concerned with the
Balancing, Timing and Integration are three important elements for functioning of Co-ordination. Essential elements of coordination: 1. Balancing: Efforts, jobs and activities of all departments must be balanced.
Co-ordination is an abstract of management. The purpose of coordination is to synchronize the functions of various sections for achieving organizational goals with minimum effort. It is an
