This article throws light upon the financial needs of public sector enterprise. The financial needs are: 1. Equity Capital 2. Loans 3. Internal Resources 4. Capital Market 5. Arranging Working Capital. Public Sector Enterprise: Financial Need # 1. Equity Capital: Public enterprises have large equity base. Since they are owned by the government, the initial capital is also provided by [...]
This article throws light upon the eight main steps involved in the planning process of an organisation. The steps are: 1. Perception of Opportunities 2. Establishing Objectives 3. Planning Premises 4. Identification of Alternatives 5. Evaluation of Alternatives 6. Choice of Alternative Plans 7. Formulation of Supporting Plan 8. Establishing Sequence of Activities. Step # 1. Perception of Opportunities: Perception [...]
This article throws light upon the top six techniques used to motivate employees. The techniques are: 1. Management by Objectives 2. Employee Recognition Programme 3. Employee Involvement Programs 4. Variable Pay Programs 5. Skilled Based Pay 6. Flexible Benefits. Technique # 1. Management by Objectives: Management by Objectives or MBO as it is known, as is a program that encompasses [...]