This article throws light upon the top ten techniques of decision-making. The techniques are: 1. Marginal Analysis 2. Financial Analysis 3. Break-Even Analysis 4. Ratio Analysis 5. Operations Research Techniques 6. Linear Programming 7. Waiting-line Method 8. Game Theory 9. Simulation 10. Decision Tree. Decision-Making: Technique # 1. Marginal Analysis: This technique is used in decision-making to figure out how [...]
Read this article to get important notes on Henri Fayol's Fourteen Principles of Management ! Based on his vast and rich experience as the chief executive of a French mining company in France, Henri Fayol (1949) developed his fourteen principles of management during the same time period as Frederick W. Taylor. The basic difference between Tayor and Fayol's principles of [...]
Fayol’s Principles of Management – Explained! Management principles as they exist today have been evolved over a period of time. […]