Everything you need to know about group dynamics. Dynamics is part of group behaviour. In industrial organisations, there are several groups, for example, group of workers, group of supervisors, group of managers, group of senior executives and trade unions. These are all action oriented teams. The group as well as group behaviour is closely connected with the management. Group behaviour [...]
Everything you need to know about the importance of directing. While studying the characteristics of directing you must have realized that, every activity performed in the organisation is initiated through directing. Directing integrates people from all levels of management towards achievement of common objectives. Through directing managers instruct their subordinates about 'what they should do', 'when they should do' and [...]
The following points highlight the top three forms of organisations. The forms are: 1. The Sole Proprietorship Concern 2. Partnership 3. Corporation. Form # 1. The Sole Proprietorship Concern: The sole proprietorship is the least complex form of business enterprise. This form of business is owned by one individual who makes all the business decisions receives the profits that the [...]