Management is a process, and let us say, a universal process, by which an organisation realises its objectives in a planned way. Modern management thinkers agree that management is a distinct process. People who perform management can be designated as managers, members of management, or executive leaders. Management is the art of securing maximum prosperity with a minimum of effort. [...]
The channels of communication are: 1. Formal Communication 2. Informal Communication. There are four forms of formal communication as it flows in three directions: 1. Downward Communication 2. Upward Communication 3. Horizontal Communication 4. Crosswise or Diagonal Communication The types of informal communication are: 1. The Grapevine 2. Rumors. Channels of Communication: Formal and Informal Communication Channels of Communication – [...]
Corporate Planning may be defined as the process of deciding long term goals and objectives within the ambit of organisation's strength and weaknesses in the existing and prospective environmental setting to ensure their achievement either by integrating the short term and long term plans or by adopting such measures which may bring even structural changes in the composition of the [...]