Staffing in Management

Staffing in Management:     The foundation of any small or big organisation is talented and hard-working employees who are the main assets of any company. It is believed that an organisation can achieve its goal only when it has the right person in the right position. Therefore, Staffing in Management is one of the essential processes for establishing …

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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 …

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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 …

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Functions of Entrepreneurship

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 …

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Entrepreneurship Meaning | Define Entrepreneurship

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 …

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