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
What are the determinants of Vertical Integration in Business? It goes without saying that integration policy if properly designed and adopted, can yield high profitability. But whether the
Features of a good forecasting method There are various methods of forecasting demand of product in market. Of them, some are very costly and a few are cheap.
The Government of India set up a Department of Planning and Development in 1944 and it introduced short-term and long-term plans for economic reconstruction and development. However, the
Important Steps in Planning Process Planning involves a number of steps ranging from determining the objectives to follow-up action as detailed below. The main steps that are taken
What is Planning? Planning is, an all-pervasive and the most basic function of management. Planning is a process whereby one can determine the future action expected result. 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.