Management audit is a systematic and impartial examination, analysis and appraisal of management’s overall performance. It is basically a procedure of appraisal of management’s total performance by means of an objective and comprehensive examination of the organisation structure, its objectives, Read More …
Category: PRINCIPLES OF MANAGEMENT
What is Statistical Quality Control?
The purpose of quality control is to ascertain whether the quality of a product or service is being maintained or if there is any variation in size, weight, finish etc. In every production process, there are always some standard specifications Read More …
What is CPM (Critical Path Method)
CPM was developed by the engineers of the Du Pont Company in the 1950s for its application in all scheduling work, construction projects, research and development programmes and in many other situations that require estimates of time and performance. It Read More …
Factors Affecting the Degree of Decentralisation
Decentralisation helps in achieving the organisational objectives more efficiently. Following factors are usually considered in determining the degree of decentralisation 1. Size of operations: As an organisation grows in size and complexity, need for decentralisation tends to increase. More decisions Read More …