Everything you need to know about the features of sole proprietorship. Sole proprietorship, also known as sole trader, is the most popular form of business organisation in India. You will find sole proprietors everywhere. If you buy a notebook, a pen, etc., from a shop near your residence or school, most likely the shop is run by a sole proprietor. [...]
Everything you need to know about the definitions of planning. Planning is the first primary function of management, followed by other functions. Planning is the process of deciding the objectives to be achieved and selecting the ways and means of achieving the pre-decided objectives. We can say that it is a process of decision-making regarding what to do, how to [...]
Everything you need to know about the limitations of planning. Planning is a primary managerial function and an essence of doing business activities. In the absence of plans, employees work in different directions and it becomes impossible to achieve organisational goals. However, even the best of plans may go wrong because of unforeseen events and changes in the business environment. [...]