Sujan Chaudhary

Sujan Chaudhary holds a Bachelor in Business Administration (BBA) degree and is currently pursuing an MBA degree. He loves to share his business knowledge with the rest of the world.

Delegation of Authority – Definition, Objectives, Features, Benefits, Challenges, and FAQs

by
delegation of authority

What is Delegation of Authority? Delegation of authority is the process of transferring decision-making power and responsibilities from a superior to a subordinate within an organization. It involves assigning specific tasks, granting the necessary authority to carry out those tasks, and establishing accountability for their completion. This process can be formal or informal, written or … Read more

10 Methods of Job Design in Management

by
methods of job design

Methods of Job Design Job design is the process of determining the individual’s job-related responsibilities. Here we will explore the 10 common methods of job design and how they work. Job Specialization The first method of job design is job specialization. Imagine a factory where each worker is responsible for doing one specific task repeatedly. … Read more

6 Steps in Organizing Process in Management

by
6 steps in process of organizing

Process of Organizing Organizing is an essential function of management which is about arranging human and non-human factors in the workplace in a that is productive and efficient. The following are the six key steps in organizing process: Identification and Division of Work Imagine a big cake that needs to be sliced into pieces. Similarly, … Read more

3 Conditions of Decision Making [Explained]

by

Conditions of Decision Making Decision-making is the process of selecting the best option (decision) from the available alternatives. In management, decision-making is mainly influenced by three conditions – certainty, risk, and uncertainty. Here, we will discuss the 3 most common conditions of decision making in management. Certainty Condition Description: Certainty condition occurs when managers have … Read more

The 10 Functions of Organizational Goals

by
functions of organizational goals

Functions of Organizational Goals Organizational goals are the attainable objectives companies aim to achieve within a specific time. The following are the 10 major functions of organizational goals in business. Basis of Organizing Organizational goals serve as the foundation for the organizing function of management. By defining the desired outcomes and priorities, goals provide a … Read more

The 5 Steps in the Controlling Process [Explained]

by
steps in controlling process

Steps in Controlling Process Controlling is a critical management function that involves monitoring, evaluating, and regulating organizational activities to ensure they align with established plans and standards. This process consists of several interconnected steps. Here we will explore the 5 key steps of controlling process: Establishment of Standards The first step in controlling process is … Read more

Controlling in Management – Definition, Features, Steps, Importance, and FAQs

by
controlling in management

What is Controlling? The controlling function of management includes verifying adherence to plans, instructions, and established principles, and ensuring efficient resource utilization to achieve goals. It involves measuring deviations from standards, identifying causes, and implementing corrective actions. Controlling is integral to organizational success, serving as an end function post-task completion. It operates at all management … Read more