Delegation of Authority | Definition, Elements | Advantages

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 | Why Planning is Important in Business?

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