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Delegation of Authority: @image by Ahmed Ameen “Delegation of Authority refers to the transfer of authority/ power to an immediate subordinates/ junior employee to reduce the workload of a manager in the organisation.” In other words, Delegation of Authority is a process through which a manager or superior employee allocates his own responsibility … Read more
Importance of Planning Planning is not only essential for business entities but also it is important for various stages of life such as education, career point of view, preparing for exams, starting a business, apply for a job etc. When it comes to business, Planning is the first and primary function of management. It is everywhere … Read more
Functions of Entrepreneurship A successful entrepreneur has a high capacity of taking risks and has faith in his own capabilities. The function of an entrepreneur is to coordinate for the business management of the enterprise, risk-taking, controlling the enterprise, innovation for change, motivation and other related activities. In reality, entrepreneurs have to … Read more
Entrepreneurship Meaning and Definition: Entrepreneurship refers to the functions that are performed by an entrepreneur to establish an enterprise. In simple words, Entrepreneurship is an art to be an entrepreneur. As a manager performs various activities for the management of an organisation similarly an entrepreneur implements the different process of Entrepreneurship to establish … Read more
Entrepreneur Meaning, Definition, Entrepreneur Characteristics: Entrepreneur Meaning and Definition: When it comes to the term Entrepreneur, there are lots of definition available on internet and textbook. But this is not a management examination where you have to write an authentic definition of “entrepreneur” otherwise you will not score good marks. Our intention is to understand … Read more
