Purposes of Strategic Management Process Strategic management basically aims as formulating and implementing effective strategies. Effective strategies, of course, are those that help a superior fit between the organization and…
What is Performance Appraisal? The Performance Appraisal is the Formal, Systematic Assessment of how well employees are Performing their Jobs in Relation to Established Standards, And the communication of that…
What is directing? Directing is dealing with relationship or communication between people to influence, supervise, motivate subordinates to achieve the organizational goals. Direction carries human factors that explain guidance to…
What is Staffing? Staffing is process of hiring best people for the organization and allotting a specific work based on their skill to perform it. It covers procurement, development. Compensation,…
What is Controlling? Controlling is the process of comparing actual performance with standards and taking necessary corrective action. The focus of the control system may include feed forward control to…
What is Supervision? Supervision means the act of watching over the work or tasks of another who may lack full knowledge of the concept at hand. Supervision does not mean…
Direction in Management In the process of management, the planning organizing and staffing are not enough. These are to be supported by effective directing and efficient controlling. Every manager must…
What is Strategic Management? Strategic management is a continuous process that involves attempts to match or fit the organisation with its changing environment in the most advantageous way possible. Strategic…
What is Organizing Process? Organizing is the management function where in organizational resources are allocated and responsibilities are delegated in order to accomplish long-term organizational goals. It ensures efficient use…
Social Responsibility of Business Social responsibility is a doctrine that claims that an entity, whether it is state, government, corporation, organization or individual, has a responsibility to society. Many people,…