In this article we will discuss about decision making. Decision making is one of the most important functions of management. The word "decision" is derived from a Latin word "Decis" which means "Cutting away or cutting off to come to a conclusion" this is itself means that a single thing is to be brought in action by cutting off many [...]
The Classical Approach is one of the oldest approaches in management and is also known by various names, i.e., Empirical, Functional and Management Process Approach. The classical theory represents the traditional thoughts about organisations. It is based on the prototype industrial and military organisation. The theory concentrates on organisation structure and their management. The classical writers include Taylor, Fayol, Weber, [...]
Everything you need to know about the traditional techniques and methods of controlling. Traditional techniques are those which have long been used by the managers. Management tries to ensure that the scare recourses at its disposal are efficiently and effectively utilized. The deviations from standard may be seen due to various factors of the organisations. To attain the objectives of [...]