Study Notes

  visit website for all chapters https://sugarybloom.blogspot.com Chapter 5 Organizing  Explain the concept of organizing as a structure and as a process.  Organising  implies a process which coordinates human efforts, assembles resources and integrates both into a unified whole to be utilised for achieving specified objectives. The organising function leads to the creation of an organisational structure which includes how the roles to be filled by suitably skilled people  has to be designed and defining the inter relationship between these roles so that uncertainty in performance of duties can be eliminated Organising can be defined as a process that initiates implementation of plans by clarifying jobs and working relationships and effectively deploying resources for attainment of identified and desired results (goals). Explain the importance of organising The following points gives the importance that organising plays in any business enterprise:   (i) Be...

                   https://sugarybloom.blogspot.com/                                        Chapter 4-   Planning click here for  chapter 2 principles of management ,  chapter 9 Financial management  , chapter 10 Financial market ,    chapter 11 marketing 1.Explain the concept of planning.  Planning is defined as setting objectives for a given time period, formulating various courses of action to achieve them, and then selecting the best possible alternative from among the various courses of action available. Planning is deciding in advance what to do and how to do.  The manager must formulate an idea of how to work on a particular task and set objectives  Planning is what managers at all levels do.   Thus planning, involves setting objectives and developing appropriate courses of ...

https://sugarybloom.blogspot.com/ Chapter 2  PRINCIPLES OF MANAGEMENT 1.Explain the concept of principles of management.  A managerial principle is a broad and general guideline for decision making and behaviour.  For example while deciding about promotion of an employee one manager may consider seniority, whereas the other may follow the principle of merit.  Principles of management deal with human behaviour  and must be applied creatively according to the situation  all the principles have to keep pace with the changing human behaviour Principles are guidelines to take decisions or actions while practising techniques. They are  guidelines for behaviour.  Principles of management are formed after research in work situations, which are technical in nature. But while practising principles of management, businesses have to fulfil social and ethical responsibilities towards society.     2.Explain the significance of management principles. T...