4.12 Planning

Features & Importance of Planning What is Planning? Planning is deciding what is to be done in the future. It involves anticipation (speculation/guess) of future course of events and deciding the best course of action. What are the features of planning? Planning focuses on achieving objectives. Planning is a primary function of management. Planning is […]

10.12 Financial Markets

Summary Financial Market is a market for creation and exchange of financial assets. It helps in mobilisation (moving) and channelising the savings into most productive uses. Financial markets also help in price discovery and provide liquidity to financial assets. 10.1 Concept of Financial Markets What are the two sectors of an economic system? Households which […]

5.12 Organising

In PLANNING, we saw how NOKIA finalized N 1200 with camera feature. Now let’s see how to implement the plan by clarifying jobs (to workers and departments) and working relationship and effectively deploying resources (workers, raw-materials, etc) for the attainment of organization goal. Organizing is implementation of plan by clarifying jobs and working relationship and effectively […]

8.12 Controlling – Business Studies 12/CBSE

Meaning & Nature of Controlling What is controlling? Controlling refers to comparison of actual performance with planned performance and taking corrective actions in case of deviation between actual and planned performance. Case Study KENT had decided to manufacture 10000 units of Aura Air Purifiers in June. (Planned performance) Unfortunately KENT manufactured only  9000 units. (Actual […]

3.12 Management and Business Environment

Meaning & Features What is meant by business environment? The term business environment means the totality of all individuals, institutions and other forces that are outside a business but that potentially affect its performance. Which are the different environments? Economical Social Technological Political Legal Case Study Eat India Company is a recently established food manufacturer […]

7.12 Directing

Meaning, Features and Importance of Directing What is the definition of directing? Directing refers to the process of instructing, guiding, counselling, motivation and leading staff in the organization to achieve its objectives. What are the features of directing? Directing initiates action. Directing takes place at all levels of management. Directing is a continuous process. Flows […]

6.12 Staffing

1. Meaning of Staffing What is the meaning of staffing? Staffing is that part of the process of management which is concerned with obtaining, utilizing and maintaining a satisfactory and satisfied workforce. Eat India Company is looking for 5 managers. For this, the company will recruit Peter, Tom, Ram, Mohan and Lucia. Once the selection […]
Close menu
Close menu