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Planning is the first and one of the most important tasks of the  management process. Because businessmen can take decisions in advance with the hel…

What is Organizational Behaviour? Organizational behavior is a practical branch of behavior science that deals with the behavior of people working in…

Business processes Business processes refer to the set of logically related tasks and behaviors that organizations develop over time to produce speci…

What is Delegation Delegation is a concept describing the downward transfer of formal authority from one person to another. Definition of Delegation …

Authority is a manager’s tool that can be described as the right to commit resources (that is, to make decisions that commit the organization’s reso…

What is an Informal Organization? The informal organization is a network of personal and social relationships that arises spontaneously as people ass…

The resources used to produce goods and services are the factors of production. The elements of factors of production are land, labor, capital, and e…

The value chain is the sequence of business functions in which customer usefulness is added to products or services. 1. Research and developm…

A sole proprietorship is a business where there will be only one owner of the business and he will be responsible for both- profit as well loss. Agai…

Conflict is a disagreement between two or more parties. Sometimes one small conflict may cause big violence. It may affect your personality or the g…

Generally we do not feel any difference between goal and objective. Sometimes we use one of them instead of another one. But these two ideas are not …

What is International Business? International business is a business where transactions are done all over the world. These transactions of internatio…

B usiness can be defined as financial functions for the purpose of gaining profit. Here the financial functions mean financial transaction between…