PRINCIPLES OF ORGANISATION

The principles of organisation are guidelines for planning an efficient organisation structure. Let us discuss the important principles of organisation: 1. Unity of objectives: An enterprise strives to accomplish certain objectives. The organisation and every part of it should be directed towards the attainment of objectives. Every member of the organisation should be familiar with its goals and objectives. There Read More …

PRINCIPLES OF PLANNING

Since planning is a function of management, it must be based on certain principles to serve as guidelines for undertaking the function in right earnest. We may outline the principles of planning as below 1. Principle of top management interest: The chief executive of the organisation must show genuine interest in planning, submit himself to the discipline of planning and Read More …

TYPES OF PLANNING PREMISES

Planning premises are categorised in various ways. External Premises relate to general economic and business conditions, social, political, technological and other trends. Internal Premises are confined to the activities of the enterprise; for example, cash flow, cost of products and services, profitability and so on. Tangible Premises are quantitative in nature, as sales volume of Rs. 50 crores. Intangible Premises Read More …