Objectives of Management Definition of Objectives of Management: Objectives stand for aims and objects purpose, goals targets and mission, but the common redeeming feature in all these terms is the end and the destination towards which all human endeavors are made in conjunction with the available resources. They are as such those aims and aspirations […]
7 Basic Steps in Management Planning Process | Guide 2020
Planning process: Planning is the basic function of management. its preparation is directly influenced by the characteristics of the enterprise and the conditions which affect its operation. In its preparation the following steps are required to be take. 1. Being aware of opportunities: The awareness of an opportunity is the real starting point for planning. […]
Different Types of Planning in Management
planning means the selection of mission and objectives as well as the action to achieve them which requires decision making that is choosing future course of action amongst all alternatives: any attempt to control without plans is meaningless. Types of Planning Plans can be classified as Mission or Purpose Objectives or Goals Strategies Policies Procedures […]
What is the main Purpose of Management in an Organization?
Purpose of Management in an Organization: Main purpose of Management is as under: To achieve objectives: The main purpose of management is to achieve certain objectives. The management starts efforts to attain a desired objective and continues its struggle till it is finally achieved. Create cooperation and coordination: To crate cooperation and coordination among the […]
What is Management Information System | MIS
What is Management Information System Definition: A Management Information System is an integrated user-machine system, for providing information, to support the operations, management analysis & decision-making functions in an organization. Management Information System Explanation: Management Information System is also called MIS. MIS provides information to the users in the form of reports and output from simulations […]