Archive | Business Management

Types of Business Combinations | Firms | Business Management

Business combinations are of two kinds horizontal combinations and vertical combinations.  Type # 1. Horizontal Combinations: When competing firms combine with a view to common policies in their operations it is case of horizontal combinations. The primary motive is to remove the rigors of competition and enlarge the scale of their business operations. “Consolidation consists […]

Top 3 Forms of Business Combinations | Firms | Business Management

This article throws light upon the three main forms of business combinations adopted by firms. The forms are: 1. Associations 2. Federations 3. Consolidation. Form # 1. Associations: These are voluntary organisations of traders and businessmen formed to protect and promote their common interests through collective efforts. They act as self- regulators of trading policies […]

Causes of Business Combinations in Firms | Business Management

This article throws light upon the eleven main causes of business combination. The causes are:- 1. Waste of Competition 2. Economies of Large-Scale Operations 3. Transport Revolution 4. Joint-Stock Company 5. Dominance in the Market 6. Protective Tariffs 7. Technological Progress 8. Trade Cycles 9. Patent Laws 10. Government Pressure 11. Desire for Self Sufficiency. […]

Corporate Life Cycle of a Business | Models | Business Management

In this article we will discuss about the three-stage model of business corporate life cycle. One widely utilised view of the developmental sequence represents company evolu­tion as progressing from small to integrated to diversified; there is no implication that com­panies in the second stage need be any smaller than those in the third. The three […]

Administration and Management: Difference | Business Management

The upcoming discussion will update you about the difference between administration and management. It is not infrequent that an attempt is made to distinguish between administration and management. At the same time one can come across cases where the two terms are used interchangeably. There are scholars like Davis who used the phrase, ‘administrative management’ […]

Price Incentives and Discounting Tactics Used in Business | Management

In this article we will discuss about the pricing incentives and discounting tactics used in business. Pricing involves decisions surrounding offerings, such as discounts, allowances, credit terms, payment periods, and other methods of payment. Types and sizes of discounts for wholesalers, retailers, or other traders vary considerably by industry. Generally, the discount rate, which reflects […]

External Environmental Analysis of Business | Business Management

External analysis of business is concerned with identifying opportunities and threats and strategic questions that affect key factors of successful per­formance. Such analysis is necessary for strategy formulation and management in all fields of activity including marketing activity of an organisation. This analysis is mainly concerned with the study of external environment in which a […]

9 Problems Faced During the Establishment of a New Enterprise | Business Management

The various problems relating the establishment of a new enterprise are: 1. Promotion of Business 2. Investigation 3. Form of Business Organisation 4. Adequate Capital 5. Size of Business Unit 6. Selection of Site 7. Plant Layout 8. Efficient Management 9. Launching an Enterprise. Problem # 1. Promotion of Business: It is the first stage […]

Schools of Management Thoughts

Following are main six classes of schools of management thought specified by Frank P. Carraecioto: 1. Process School or Traditional School 2. Empirical School 3. Human Behaviour School 4. Social System School 5. Decision Theory School 6. Mathematical or Quantitative Management School. 1. Process School or Traditional School: This approach is also known as operational […]

Setting Objectives for a Manager: 6 Stages

Objectives for the manager are set in the following stages: 1. Analyse the Manager’s Authority and Responsibility 2. Compare Goals with Managers Job 3. Initial Definition of Objectives 4. Determining the Units of Measure 5. Select Specific Targets 6. Discussion with the Manager. Stage # 1. Analyse the Manager’s Authority and Responsibility: After knowing goals […]

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