After reading this article you will learn about Organisation Chart:- 1. Meaning of Organisation Chart 2. Use of Organisation Charts 3. Disadvantages. Meaning of Organisation Chart: An organisation chart is a graphic means or a record depicting vividly the formal organisation structure and shows the formal superior-subordinate relationships. A chart is a blueprint of company organisation: its functions, lines of [...]
After reading this article you will learn about Decision Making in an Enterprise:- 1. Meaning of Decision Making 2. Process of Decision Making. Meaning of Decision Making: To decide means to 'cut short', 'cut-off' or come to conclusion, A decision is a choice whereby a person forms a conclusion about a situation. A decision represents a course of behaviour or [...]
This article throws light upon the eight important types of plans. The types are: 1. Objectives 2. Policies 3. Rules 4. Procedure 5. Programme 6. Schedules 7. Budget 8. Forecasting. Plans: Type # 1. Objectives: Objectives are plans for the future that will serve to provide direction for subsequent activity. We have a hierarchy of objectives. Primary or basic objectives [...]