Meaning of Social Control of Company: Despite the defects commonly admitted in the management of companies, the suitability of company as the superior form of business organisation cannot be disputed. The processes of democratisation should however be initiated in the conduct of company's affairs in order to remedy the oligarchic malaise. Democratisation or social control of company is inevitable to [...]
After reading this article you will learn about the management of companies. Nowadays the Board is reduced to a mere legal formality, although it continues, in the eyes of law, as the only organ of the enterprise with all the overriding powers. With professionalization of management, the functions of the Board in actual administration are eroded perceptibly. Drucker observes: "In [...]
After reading this article you will learn about:- 1. Characteristics of Departmental Organisation 2. Advantages of Departmental Organisation 3. Disadvantages. Characteristics of Departmental Organisation: A departmental organisation has the following characteristics: 1. The management of such enterprises is in the hands of the government. The enterprise is managed and controlled by the civil servants of the department. 2. Such an [...]