The company is an instrument that unites the efforts of great number of people -shareholders, directors, members of the top management team and the functional or departmental managers and their subordinates. The shareholders who provide the funds for the company are commonly regarded as the 'owner' of the company and its business and property. Legally, they are not the owners; [...]
Management audit means the examination, review of various policies and action of the management on the basis of certain specified objectives. The management audit is conducted to critically evaluate the activities and efficiency of the management. It is an independent appraisal activity. Learn about:- 1. Introduction to Management Audit 2. Definitions of Management Audit 3. Concept 4. Scope 5. Objectives [...]
Some of the advantages of delegation are: 1. Relief to the Manager from Routine Work and Concentration on Policy Issues 2. Basis for Effective Functioning 3. Effective and Timely Decisions 4. Empower and Develop Subordinates 5. Satisfaction to Subordinates 6. Effective Utilisation of Organisational Human Resources 7. Opportunity for Professional Training and Growth 8. Helping the Expansion of Business 9. [...]