Principles of Management

planning process

Planning Process: 8 Most Important Steps in Planning

Planning Process or Steps in the Planning Planning is the fundamental function of an organization to achieve the desired goals. Determining objectives and the course of action needed to obtain determined objectives is referred to as the planning process. For systematic and good planning it is essential to complete some procedures. Following are the important …

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methods of planning

Methods of Planning: Top-Down, Bottom-Up, Composite, and Team Method

Methods of Planning Planning is essential in every type of organization to achieve desired goals. On the basis of tradition and assumption, many organizations adopt different methods of planning. A traditional organization may formulate centralized planning whereas a liberal organization may adopt decentralized planning. Similarly, a modern organization may formulate composite planning. The main objective …

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functions of organizational goals

Functions of Organizational Goals – Get Explained

Functions of organizational Goals Goals are the reason for the establishment and functioning of organizations. Managers prepare plans, forms the organizational structures, accumulate resources, and provide instruction to subordinates for implementation of plans to achieve determined goals. Following are the major functions of organizational goals: Basis of Organizing Basis of Control Proper Use of Resources …

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organizational goals

Organizational Goals – Definition, Types, Purpose, and Importance

Definition of Organizational Goals Organizational goals are what an organization wants to achieve in the near future. Goal achievement is the destination of an organization. The goals of the organization help every member of an organization to understand where the organization is going. Goals are objectives or aims for which an organization has formed. Setting …

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business environment in Nepal

Emerging Business Environment in Nepal

Business Environment in Nepal The business environment in Nepal has emerged after the political revolution and restoration of democracy in 1990 by adopting liberal and open market economic policy. This has changed the experience of the political, economic, socio-cultural, and technological environment of Nepal. This created new threats and opportunities in business activities. And the …

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Porter's Five Forces

Porter’s Five Forces a Competitive Position Achieving Model

Understanding Porter’s Five Forces Model Porter’s Five Forces Model is a comprehensive framework for assessing and analyzing the market components that are affecting the running business or can affect the new opening business firm. This model is helpful for understanding the current position of a firm in the marketplace and also the position of a …

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recent trends in management

New Trends in Management that A Manager Needs to Apply Today

Recent Trends in Management Due to the rapid development of science and technology, globalization in business, transportation, and communication system, increase the new pace of economic development emerge various new perspectives in management that a manager has to applied in today’s obstacles. Some of the recent trends in management are as follows: 10 Recent Trends …

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guide to contingency approach of management

Contingency Theory of Management

Definition of Contingency Approach of Management Contingency approach/theory is also called situational approach or practical approach. This approach suggests that there is probably no best way to solving management problems in all organizations, problems vary as the situation changes thus the way of handling problems should change in accordance with situation changes. Paul Lawrence, Jay …

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