Decision-Making: concept, process and techniques

  Decision making is an essential part of planning. Decision making and problem solving are used in all management functions, although usually they are considered a part of the planning phase. A discussion of the origins of management science leads into one on modeling, the five-step process of management science, and the process of engineering … Read more

Space Technology- Indian space programs.

  Application of Satellites for different purposes   Despite being a developing economy with its attendant problems, India has effectively developed space technology and has applied it successfully for its rapid development and today is offering a variety of space services globally. Indian Space Program: During the formative decade of 1960s, space research was conducted … Read more

Sustainable Development

Bruntland Report (1983) was the first publication and recognition of the term ‘Sustainable Development’ “meeting the needs of the present generation without compromising the needs of the future generation” Three pillars of sustainable development (Bruntland) Care and respect for People, Planet and Prosperity (Commercial Activities) <hence poverty alleviation, conservation and business development> These three pillars … Read more

FUNCTIONS OF MANAGEMENT – ORGANIZING

    Organizing is the process of identification and grouping of activities, assigning duties and delegating authority to the managers, allocating necessary resources and establishing coordination among individuals and department of an organization with a view to attain its objectives.   PROCESS OF ORGANIZING :   The process of organising consists of the following steps … Read more

FUNCTIONS OF MANAGEMENT- DIRECTION (Communication,Supervision,Motivation,Leadership)

FUNCTIONS OF MANAGEMENT- DIRECTION (Communication,Supervision,Motivation,Leadership)   Directing is concerned with instructing, guiding, supervising and inspiring people in the organisation to achieve its objectives. It is the process of telling people what to do and seeing that they do it in the best possible manner.   Elements in Directing: The four essential elements in Directing are … Read more

10 &11.12.17 Chhattisgarh (CGPCS) Current Affairs

CHHATTISGARH C’garh maintains high growth levels, keeps fiscal deficit low: crisil   Chhattisgarh, Karnataka, Maharashtra, Gujarat and Telangana were among the States which successfully managed high growth levels while keeping their fiscal deficits below 3 per cent says a CRISIL report.   Gujarat, Madhya Pradesh and Haryana were the top three fastest growing States in … Read more

Role of Commercial Banks

Role of Commercial Banks A Commercial bank is a type of financial institution that provides services such as accepting deposits, making business loans, and offering basic investment products There is acute shortage of capital. People lack initiative and enterprise. Means of transport are undeveloped. Industry is depressed. The commercial banks help in overcoming these obstacles and promoting … Read more

WEALTH MAXIMIZATION

      Concept:     Wealth maximization is the concept of increasing the value of a business in order to increase the value of the shares held by stockholders. The concept requires a company’s management team to continually search for the highest possible returns on funds invested in the business, while mitigating any associated … Read more

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