Author Archive
Learning Organization
Learning organizations are the ones that have in place systems, processes, and mechanisms that are used to constantly improve their abilities and those who work
Strategic Business Unit (SBU)
An SBU is a relatively independent business with coherent set of products, objectives, strategies, and competitors. Several huge businesses consist of a number of SBUs.
Employee Morale
In general morale refers to the espirit de corps….A feeling of enthusiasm, zeal, and confidence in every individual or groups that they will be able
Span of Control in Management
The ‘span of control’ is well-known as span of management, span of supervision, span of authority, or span of responsibility. It indicates the number of
Business Ethical Concepts
Ethics is involved with what is beneficial and correct for society. Business ethics can therefore be defined as the learning of what is right and
Management Decision Making
Decision Making Planning and decision making are closely interlinked. Decision making is an important part of planning. Decision making as a procedure and purpose of
Management By Objectives
Management by Objectives (MBO) is a very popular tool in today’s organizational setup. Peter Drucker is the first management thinker who wrote about it. He
Companies Vision and Mission Statements
What is Vision? A vision is basically a dream. In the corporate sense, it is a dream with a deadline. A vision statement articulates the
Management Planning
Planning is defined as- a long look ahead, broad look around, and a searching look within. Planning is very important in an uncertain environment. These
Forces Driving Industry Competition
Threat of Entry It depends on the hurdles to entry that are there, together with the response from existing challengers that the entrants can anticipate.
Management Strategy
What is a strategy? Determination of basic long-term goals, course of action and allocation of resources for achieving objectives. A strategy is a ploy or
Nature of Management
Management is universal (Applied everywhere). Management is goal oriented and purposeful (It has definite economic and social objectives). Management is situational (Differs from situation to
