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
Need for International managers For many of the most powerful businesses, this is the future scenario, and the most successful will be managed by people who can best
Managers perform different roles as shown in the image. As can be seen from the figure, formal authority gives rise to three informational roles. Various roles played by
What is a Committee? Committee is not a separate organization as such. It is just an extended idea of line and staff system. Under this system, instead of
A survey undertaken by Prof. Monappa of 115 business executives, attending the middle and senior management programme of the I.I.M., Ahmedabad and belonging to different industries, ages, educational
Functional authority – Definition: Functional authority is permission to issue directions to people not under line supervision. Such directions deal with specified activities or certain aspects of a
One of the basic purposes of a system of cost accounting is to determine the cost of products (or services). This information is required, inter alia, for estimating
