The prime concern of the staffing function in the management process is the timely fulfilling of the manpower requirements within an organisation. It starts with ascertaining the required number of various categories of employees for the organisation. This is done through several methods like job analysis, workload analysis, etc. The next thing is the recruitment exercise, followed […]
Recruitment, Selection, Training & Development Read More »
Communication plays key role in smooth functioning of organisation. Success of ‘Direction‘ depends on the effectiveness of communication. Proper communications in organisations at all levels and between all levels can improve both the quantity and quality of output. Definition: The word communi’cation has been derived from the Latin word ‘communis’ which means ‘common’ which consequently implies
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Any type of business or occupation requires money at every stages of its operation. Whether it is a small business or large, manufacturing or trading or transportation business, money is an essential requirement for every activity. Money required for carrying out business activities is called business finance. Finance is needed to establish a business, to run it, to
Sources of Finance: Short-Term & Long-Term Read More »
Every Company makes investment in fixed and current assets. Fixed assets like e.g., plant and machinery, land and building, vehicles, etc, remains in the business for more than one year. On the other hand, Current assets like inventories, debtors, bills receivables, etc. get converted into cash or cash equivalents within one year. Some part of these, current assets
Working Capital Management Read More »
One of the important decisions under financial management relates to the financing pattern or the proportion of the use of different sources in raising funds. Most companies plan to raise funds for their capital needs using a judicious mix between owners funds (equity) and borrowed funds (debt). This mix of equity and debt actually used by a
Capital Structure: Concept, Factors Read More »
