Mastering Business Knowledge: Your MBA Notes Companion
Arguments against Social Responsibility In the previous post, we have discussed Arguments for Social Responsibility of Business you can read about this by a just click on this post. Now, let discussed Arguments against Social Responsibility!!! Around are various arguments against social responsibility however most of these are based on classical economics. These arguments are as follows: 1….
Arguments for and against Social Responsibility of Business Why should businesses be concerned about social responsibility? Business social responsibility is a business’s concern for the welfare of society. Managers who take into attention the long-term interests of the business and the business’s relationship with the society in which it operates show this concern. 1. Business…
Factors Determining Span of Management The Span of Management states to the sum of subordinates who report directly to a supervisor. Span of management, also known as ‘span of control’, states the sum of people a supervisor directly manages. In a broader span of control, a supervisor has several subordinates who report to him. In a narrow…
What Is a Functional Organizational Structure? A functional organizational structure is a structure used to manage workers. We grouped them established on their particular skills and knowledge. It straight up structures each branch with roles from the chief to finance and sales departments to customer service, to employees appointed to one product or service. Functional…
Describe the steps in rational decision making However, one and all decisions, not every person goes about the process similarly. In this circumstance, not everybody even uses a “process” to decide. There are several decision-making ways, and we will focus on the rational decision-making model. Decision-Making Process We will also develop familiarity with a common procedure…
COMMON BARRIERS TO EFFECTIVE COMMUNICATION We connect with people each and every day. We connect through chat, our expressions, and body language, social media, email, telephone, etc. We depend on our communication skills to further our relationships. Barriers to Effective Communication COMMON BARRIERS TO EFFECTIVE COMMUNICATION We know that how many types of communication: verbal,…
Committee Organizational Structure A committee organization is an association of individuals set up to reach at resolutions to common challenges which are faced by the organization. It gives the line individuals opportunities to discuss their challenges in the committee. The committee organizational structure is not like a line or functional organization. But it is like to staff organization. Its…
What do you mean by departmentation? Departmentalization which also known as departmentation which means to the grouping of operating works into professions, the combination of professions into effective work groups and the combination of groups into divisions often termed as ‘Departments’. The groups of activities into departments is the important part of the process of…
What is Management by Exception? Management by exception (MBE) is a management tactic is where managers will only take a step in when there are significant deviations from strategic results. These would be operational or financial outcomes. Brian Tracy Manage by exception. Only require reporting when there is a deviation from the plan. Let Assume…
TYPES OF DECISION MAKING Although there are various ways of categorizing decision making in an organization but we will discuss here the following types of decisions which are important ones:- 1. Tactical and Strategic Decisions Tactical decisions are those which a manager takes over and over again following to certain established directions, organizations policies and…