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Three Basic Economic Problems 23 Aug 2013 | 02:43 pm
The basic economic problem of society is that resources are scarce compared to the purposes to which they could be put. Because of this choices must be made concerning how to use resources in an effic...
Management is an Art 16 Aug 2013 | 12:24 pm
Art means employing knowledge & skill to try to achieve desired results. The function of art is to effect change and to generate required outcomes via planned initiatives. Management does involve the ...
Equimarginal Principle in Economics 14 Aug 2013 | 06:04 pm
A consumer wants to obtain highest satisfaction from his minimal resources. He can solve this problem if he spends his income in a manner that the last rupee allocated to each item gives him the same ...
Institution Building Skills of Managers 13 Aug 2013 | 01:04 pm
Top executives usually are viewed as the individuals who make crucial decisions within an organisation. A manager needs expertise which helps in building an institution or organisation. Top executives...
Management as Science 11 Aug 2013 | 06:24 pm
Science is an organized body of knowledge linked with a particular area of study which includes basic facts that explains a phenomenon. It establishes cause and effect relationship. As a science, mana...
Approaches to Organizational Effectiveness 9 Aug 2013 | 03:20 pm
In the 1960's and 1970's researchers became more and more serious about the theme of organisational effectiveness (OE). Organisational effectiveness has become one of the most complicated and debatabl...
Importance of Corporate Policy 7 Aug 2013 | 06:46 pm
Corporate policy is a formal document of the guiding principles by which a company will operate. Without appropriate corporate policy, it will become quite challenging for the organization to continue...
Management is an Art or Science 7 Aug 2013 | 02:29 pm
Management is effectively and efficiently combination of both art and science. Management as art is the active task of managing. It includes getting results through practical applications of knowledge...
Various Branches of Accounting 6 Aug 2013 | 06:23 pm
Accounting is generally known as "the language of business" because it is the vehicle for reporting financial information related to a business entity to many different categories of people. This arti...
Dealing with Cultural Differences in the Workplace 5 Aug 2013 | 03:06 pm
Culture differences in the workplace is essential to owning a successful business -- heterogeneous teams offer far better solutions and critical analysis, which means you should structure and operate ...
