Some of the techniques of management are as follows: 1. Quality Circle 2. Total Quality Management 3. Business Process Reengineering 4. Six Sigma 5. Kaizen 6. Standardisation 7. Just-In-Time Production and Kanban Systems 8. Benchmarking 9. Learning Organisation. Management Techniques: Quality Circle, Total Quality Management, Six Sigma, Kaizen, Benchmarking and More… Management Techniques – 5 Modern Techniques (With Features, Objectives, [...]
A joint venture refers to joining together of any two businesses for a common purpose and mutual benefit. These two organisations may be private, government-owned or a foreign company. Joint venture maybe for either long term or short term duration. Learn about:- 1. Introduction to Joint Venture 2. Meaning and Scope of Joint Venture 3. Features 4. Formation 5. Situations [...]
The process of delegation involves the following steps: 1. Determination of Expected Results 2. Assignment of Duties 3. Authorization for Action 4. Creation of Obligations. Process of Delegation (with Steps) Process of Delegation – Top 4 Steps: Determination of Expected Results, Assignment of Duties, Authorization for Action and Creation of Obligations The complete process of delegation of authority involves the [...]