Author: commerce summary

What is Business environment ? Features of Business environment while 3. Inter-relatedness – Different elements or parts of a business environment are closely interrelated. For example, increased awareness for health care has raised the demand for healthy oil free food and healthy lifestyle. 4. Dynamic nature – Business environment is Read More …

Introduction Scientific management means knowing exactly what you want men to do and seeing that they do it in the best and cheapest way.  Taylor emerged as the ‘Father of Scientific Management’. Taylor worked in The Bethlehem Steel company where he achieved a three-fold increase in productivity by application of Read More …

The Concept: For example – while deciding about the promotion of an employee one manager may consider seniority whereas the other may follow the principle of merit.   Principles of Management vs Techniques of management Whereas For example – principles of management tell us that work should be divided into Read More …

Concept/Meaning of Management : Management is the art of getting things done through others. It refers to those people who manage an organization or a series of activities. for example- Suppose your Mother – when she gets up in the morning, she has in her mind a series of activities Read More …