After reading this article you will learn about the social responsiveness and social audit of an organization. Elements of Social Responsiveness: Five important elements of social responsiveness are: 1. Social goals should be planned and incorporated into the overall planning process. 2. Firms should examine the desires of society and assess how other companies are meeting the social desires. 3. [...]
This article throws light upon the three important skills required by a manager. The skills are: 1. Technical Skills 2. Human Skills 3. Conceptual Skills. Skill # 1. Technical Skills: Technical skills involve process or technique knowledge and proficiency in a certain specialized field, such as engineering, computers, accounting, or manufacturing. These skills are more important at lower levels of [...]
This article throws light upon the top two factors influencing the selection of a particular form of ownership. The factors are: 1. Financial Considerations 2. Non-Financial Considerations. Factor # 1. Financial Considerations: Financial considerations are mainly concerned with the raising of capital, taxation liability and cost of formation. These factors have been studied as such: (A) Ease in Raising Capital: [...]