In this article we will discuss about the quantitative way of decision-making. Introduction: The administration of a modern business enterprise has become an enormously complex exercise. There has been an increasing tendency to turn to quantitative techniques and models as a potential means for solving many of the problems that arise in such an enterprise. Management in action is decision-making. [...]
In this article we will discuss about the traditional and modern techniques of control used in an organisation. Traditional Techniques of Controlling: I. Budgeting (or Budgetary Control System): A budget is both - a method of planning and an instrument (or device) for controlling. It is a plan in so far as the numerical expression of the standards of performance [...]
In this article we will discuss about the types of communication. On the Basis of Relationship or Organisational Structure: a. Formal Communication: Formal communication is that which takes place through the formal channels of the organisation structure deliberately and consciously established by the management. It implies the flow of the information along the lines of authority formally established in the [...]