Span of Control Meaning, Definitions, Factors and Approaches Meaning of Span of Control Span of control is also known as span of management or span of supervisor and span of authority. A manager cannot supervise the activities of the unlimited number of people. It is an important principle that states that there should be […]
Category: MBA
Centralization & Decentralization – Meaning, Definitions, Merits and Demerits
Centralization & Decentralization Meaning, Definitions, Merits and Demerits Centralization & Decentralization Centralization In some organizations, top managers make all the decisions. Lower-level managers merely carry out top management’s directives. At the other extreme, there are organizations in which decision making is pushed down to the managers who are closest to the action. The former […]
Roles of Management / Managerial Roles / Mintzberg’s Management Roles
Roles of Management / Managerial Roles / Mintzberg’s Management Roles Roles of Management Management roles depend on the formal authority which is delegated to the manager in an organization. The degree of authority determines his status and different role. In performing a particular role, the manager uses his skills and other characteristics. Henry Mintzberg […]
Contribution of various scholars to Management/Work of Various Management Scholars/Researchers
Contribution of various scholars to Management/Work of Various Scholars/Researchers Contribution of various scholars to Management 1. Henry Fayol i. Founder of modern management methods. ii. Was a French mining engineer, mining executive, author and director of mines who developed a general theory of business administration. iii. Father of modern Management iv. Father of Operational […]
Schools of Management Thought – Approaches/Theories – BBA Notes/MBA Notes
Schools of Management Thought BBA Notes/MBA Notes Schools of Management Thought Notes Evolution of Management Thought After World War-I the concept started growing and gained impetus after World War-I I because of growing competition, complexity of managing large business, technological innovation, increase in capital investment, freedom at national and international markets, high degree of […]
Direction/Directing- Meaning, Definitions, Features, Importance, Principles, Techniques and Models
Direction/Directing Meaning, Definitions, Features, Importance, Principles, Techniques and Models Directing/Direction Meaning After planning, organizing and staffing functions are completed in the context of a work cycle, directing function begins. Every manager in the organization gives direction to his subordinates as superior and receives direction as subordinate from his superior. Direction is the process in which […]
Business Organization Notes – BBA Notes/ MBA Notes/ B. Com Notes/ M. Com
Business Organization BBA Notes/ MBA Notes/ B. Com Notes/M. Com Notes Business Organization The word ‘organization’ has originated from the word ‘organ’ which has two meanings- various parts of a human body and musical instrument. The human body is a combination of various limbs. If one of the limbs stops functioning properly, then some […]
Business – Meaning, Definitions and Features of Business
Concept of Business Business- Meaning, Definitions and Features Meaning The term ‘business’ literally implies ‘busyness’ or the state of being busy. It denotes economic activities primarily pursued with the objective of earning profits. It is concerned with earning money and acquiring wealth. Wealth is acquired through the production and exchange of goods and […]
Concept of Management – Meaning, Definitions, Nature, Features and Importance
Concept of Management Meaning, Definitions, Nature and Importance of Management Concept of Management Meaning Management is the administration of an organization, whether it is a business, a non-profit organization, or a government body. It involves the way the managing body takes decisions, deals with employees, and interacts with the business environment. Scholar from different […]
Trait Theory of Personality – Assumptions, Important Trait Theories, Strengths and Weaknesses
Trait theory Assumptions, Important Trait Theories, Strengths and Weaknesses Trait theory presents a quantitative approach to the study of personality. It visualizes personality as reflection of certain traits of the individual. This theory postulates that an individual’s personality is composed of definite pre-dispositional attributes called traits. A trait may be defined as any distinguishable, relatively […]