Goals and Objectives of Management

1) Planning for future: Every management thinks and plans about future. The current as well as future planning go together. The activities to be undertaken in future will be planned at present. No concern can survive if it does not plan for future. The likely business trends, future global trends, likely business laws, changing consumer preference, impact of social changes are the factors which wil be taken into account while planing for future. 2) Better Quality Goods: The consumer has become quality conscious now. He will go to for...

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Essential Characters of business Organisation

1) Social Responsibility: The only and one aim of business undertaking is not to increase profits. They own some responsibilities to the society also. The society expects business undertaking to provide cheap and better quality goods of consumers.They are also expected to contribute towards social amenities by opening schools, hospitals, parks etc, not only for the employees but also for people lining in those facilities. 2) Profit Motives: All business undertakings are run to earn profits. An undertaking started for social service will not be...

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Concept of Business Organisation

                                     A business undertaking is an institutional arrangement to conduct any type old business activity. The undertaking may be run by one person or association of person. It may be based on formal or informal agreement among persons who undertake to run the concern. According to Wheeler, a business undertaking is a concern, company or enterprise...

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