After reading this article you will learn about the compatibility of individual objectives to organisational objectives. Both individual and organisational objectives can be fulfilled without undue sacrifice to either. The individual keeps his identity within the organisation but at the same time he respects the organisation need for co-ordination. If the individual is a member of the organisation, he will [...]
After reading this article you will learn about:- 1. Meaning of Management by Exception 2. Advantages of Management by Exception 3. Limitations 4. System. Meaning of Management by Exception: It is a system of identification and communication that signals the manager as to when and where his attention is needed. The main object of this system is to enable the [...]
Decisions can be classified in the following ways: 1. Major and Minor Decisions 2. Routine and Strategic Decisions 3. Policy and Operating Decisions 4. Programmed and Un-Programmed Decisions. 5. Departmental and Non-Economic Decisions 6. Organisational and Personal Decisions. Type # 1. Major and Minor Decisions: These can be categorised on the basis of their intensity. For example, purchase of a [...]