After reading this article you will learn about the compatibility of individual objectives to organisational objectives. Both individual and organisational objectives can be fulfilled without undue sacrifice to either. The individual keeps his identity within the organisation but at the same time he respects the organisation need for co-ordination. If the individual is a member of the organisation, he will [...]
After reading this article you will learn about the meaning and elements of managerial effectiveness. Meaning of of Managerial Effectiveness: The term 'managerial effectiveness' could mean achievement of organisational goals, increase in productivity, profit, workers' satisfaction, growth, diversification etc. Managerial effectiveness aims at optimum allocation and utilisation of scarce organisational resources in order to achieve the goals at minimum cost. [...]
This article throws light upon the five basic functions performed by managers in an organisation. The functions are: 1. Planning 2. Organising 3. Staffing 4. Directing 5. Controlling. Function # 1. Planning: "Planning is selecting information and making assumptions regarding the future to formulate the activities necessary to achieve organisational objectives." — Terry and Franklin "Planning involves selecting missions and [...]