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Essay on Management Principles: Meaning, Nature and Universality

After reading this article you will learn about:- 1. Meaning of Management Principles 2. Nature of Management Principles 3. Significance 4. Universality. Meaning of Management Principles: Principle refers to fundamental truth about a concept that provides guide to action. Principles evolve in every field of knowledge — medicine, engineering, accountancy etc. Management principles tell about administration of business, that is, [...]

By |2016-08-09T07:56:40+05:30August 9, 2016|Management|Comments Off on Essay on Management Principles: Meaning, Nature and Universality
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Essay on Financial Management: Objectives, Scope and Functions

After reading this article you will learn about:- 1. Objectives of Financial Management 2. Scope of Financial Management 3. Functions. Objectives of Financial Management: The objectives of financial management are: (a) Profit Maximisation: The primary objective of organisation is to earn profits. The finance manager should undertake activities which maximise profits. Though conceptually profit maximisation seems to be an appropriate [...]

By |2016-08-09T07:56:39+05:30August 9, 2016|Financial Management|Comments Off on Essay on Financial Management: Objectives, Scope and Functions
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Principles of Management: Essay on Principles of Management

This essay throws light upon the top fourteen principles of management according to Henry Fayol. The principles are: 1. Division of Labour 2. Authority and Responsibility 3. Discipline 4. Unity of Command 5. Unity of Direction 6. Subordination of Individual Interest to General Interest 7. Remuneration 8. Centralisation 9. Scalar Chain 10. Order 11. Equity 12. Stability of Tenure 13. [...]

By |2016-08-09T07:56:38+05:30August 9, 2016|Management|Comments Off on Principles of Management: Essay on Principles of Management
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