Business Tips

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RECRUITMENT

The term Recruitment denoted that process by which the management locates the source of supply of manpower and then traps that source and it encourages outside manpower to apply for the jobs in the organization and search for the proper person for the right type of job at the right […]

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DECENTRALIZATION AND CENTRALISATION

DECENTRALIZATION Decentralization is a systematic effort to delegate to the lowest levels of the authority except that which can be expected that can be exercised at central points. It is the pushing down of authority and power of the decision-making to the lower levels of the organization and the essence […]

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DELEGATION OF AUTHORITY

Just as no person alone in an enterprise can do all the tasks necessary for the accomplishment of goals, so also it is impossible, for one person to exercise all the authority for making decisions. There is a limit to the number of person managers can effectively supervise and for […]

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INFORMAL ORGANIZATION

Informal organization refers to relationships between individuals in the organization based on interest, personal attitudes, emotions, prejudices, likes, dislikes, physical location, the similarity of work et. The informal organization comes into existence because of the limitations of the formal structure and it represents a natural grouping of people in working […]

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FORMAL ORGANIZATION

A formal organization is a planned structure which represents the officially established pattern of relationships among individuals, groups, sections, units, departments and divisions to accomplish the goals of the enterprise. A formal organization provides a broad framework and delineates certain prescribed functions and the relationships between them, a formal organization […]

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ORGANISING

                                               The organisation provides a framework where duties are identified, define tasks are allotted to suitable persons, and interrelationships of personal are made certain and the joint efforts made by different persons become more productive, effective and economical if a well-knit organization is provided by the management and the purpose […]

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PLANNING IN MANAGEMENT

Planning is deciding the objectives and methods to achieve them. Planning involves deciding in advance what is to be done, how is to be done, where is to do, how is to done and by whom is to be done and it makes things happen which may not occur otherwise […]

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SCIENTIFIC MANAGEMENT

The origin of scientific management dates back to the year 1832 when Charles Babbage discussed the principles of scientific management in his book “The economy of manufactures”. In real sense, scientific management owes its origin to Frederick Winslow Taylor, who is commonly regarded as the father of scientific management. MEANING […]

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CAPITAL STRUCTURE

Capital structure signifies the composition of the amount of long-term financing and according to Gerstenberg, “Capital structure means the types of securities to be issued and the proportionate amounts that makeup capitalization”. Long term finds can be obtained from owners and borrowers. The owner’s fund consists of equity shares, preference […]

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How to open a Franchise without money- US…

let’s talk about to open a franchise with no money so the first thing you can do, if you want to open a franchise with no money down is go to your friends and family look. I understand that that’s something that you may not want to do sometimes that’s […]

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BUSINESS FINANCES

Finance is a must for the smooth conduct of business operations. A business firm can raise funds from two main sources: Owned funds or owned capital and Borrowed funds or loaned capital. Insole proprietorship and partnership the funds contributed as capital are called owned funds. In a joint-stock company fundraised […]

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Business Environment

Business is a very economic activity of buying, selling, manufacturing, and rendering auxiliary services to trade and generating income through this activity. Modern Business is the economic and social organ of the society and also of the country and in today’s world modern business is not independent and it cannot […]

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