Read this essay to learn about the public sector. After reading this essay you will learn about:- 1. Concept of the Public Sector 2. Social Objectives of Public Sector 3. Classification and Growth 4. Pattern of Management 5. Board Policies and Functions 6. Structural Pattern of the Board of Directors 7. Delegation of Power 8. Control by the Government and [...]
This article throws light upon the top five factors affecting organisational productivity. The factors are: 1. Change in the work force 2. Change in industrial composition 3. Change in capital-labour ratio 4. Decrease in research and development spending 5. Government regulation. Factor # 1. Change in the Work Force: Over the past few decades, various major changes have occurred in [...]
This article throws light upon the two main tools of financial control. The tools are: 1. Financial Audit 2. Financial Ratio. Tool # 1. Financial Audit: Another effective control technique is the use of audits, which seek to examine activities or records to verify their accuracy or effectiveness. Financial information is only as good as data and interpretation on which [...]