Management and Administration

 WORKING CAPITAL                                             Meaning of Working Capital Every business needs funds for two purposes for its establishment and to carry out its day-to-day operations. Capital required for a business can be classified under two main categories viz. (i)        Fixed capital (ii)      Working capital. Long-term funds are required to create production facilities through … Read more Working Capital

 FUNCTIONS OF MANAGEMENT – STAFFING     Staffing refers to the managerial function of employing and developing human resources for carrying out the various managerial and non-managerial activities in an organisation. This involves determining the manpower requirement, and the methods of recruiting, selecting, training and developing the people for various positions created in … Read more FUNCTIONS OF MANAGEMENT STAFFING

 FUNCTIONS OF MANAGEMENT : COORDINATION AND CONTROL     COORDINATION    “The Harmonization of activities of different work groups and departments.”   Coordination is the orderly arrangement of individual and group efforts to provide unity of action in the pursuit of a common goal. All these departments must function in an integrated manner … Read more FUNCTIONS OF MANAGEMENT COORDINATION & CONTROL

 FUNCTIONS OF MANAGEMENT – ORGANIZING   Organizing is the process of identification and grouping of activities, assigning duties and delegating authority to the managers, allocating necessary resources and establishing coordination among individuals and department of an organization with a view to attain its objectives.   PROCESS OF ORGANIZING :   The process of … Read more Functions Of Management.Organizing (1)

 BEHAVIOR   MEETING LIFE CHALLENGES : STRESS   Stress: – The pattern of responses an organism makes to stimulus event that disturbs the equilibrium and exceeds a person’s ability to cope.   NATURE OF STRESS   Stress is not a factor that resides in the individual or the environment, instead it is embedded … Read more Stress

 FUNCTIONS OF MANAGEMENT   PLANNING Planning is a process of determination of organization’s objectives and selecting the courses of actions. i.e. Plans for attaining them. Planning is the primary or basic management function.   Planning Process                                 Types/Dimensions … Read more MGMT PLANNING

 PARTNERSHIP   Partnership : Partnership is an association of two or more parties, they put money for business.         Simple Partnership: Simple partnership is one in which the capitals of the partners are invested for the same time. The profit or losses are divided among the partners in the ratio … Read more Partnership

 MANAGEMENT     Management is a process of designing and maintaining an environment in which individuals, working together in groups, accomplish selected aims. In other words,” It is the accomplishment of Goals through others.” Management has been used in different senses. Sometimes it refers to the process of planning, organizing, staffing, directing, coordinating … Read more Management Intro

 WEALTH MAXIMIZATION     Concept:     Wealth maximization is the concept of increasing the value of a business in order to increase the value of the shares held by stockholders. The concept requires a company’s management team to continually search for the highest possible returns on funds invested in the business, while … Read more WEALTH MAXIMIZATION

 SWOT Analysis A successful business is founded on a series of sound decisions, so the way you analyze situations and choose to react is essential. When trying to assess the lay of the land, few tools are more useful than the SWOT analysis. It stands for strengths, weaknesses, opportunities, and threats; the SWOT … Read more SWOT Analysis