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Showing posts with the label Business Administration

Strategic Management

Decision making is the most important functions of any manager. Strategic decision making is the prominent task of the senior management. Both kinds of decision making are essentially the same. The difference is in the level at which they operate. Strategy decision making is a responsibility of the senior management. This is very important for the management department.                                              DEFINITION OF STRATEGIC MANAGEMEN T : "Strategic management is the formulation and implementation of plans and carrying to the matters which are of vital pervasive or continuing important to the total organisation"                                                                             Strategic management is a stream of decisions and actions which leads to the development of an effective strategy or strategies to help achieve corporate objectives.''                                                             CHARACTERISTICS OF STRATEGIC MANAGE

Corporate Governance

With the growing space of the indian economy and increase in the complexity of business operations, the forms of corporate organisations keep on changing. The thinking of corporate toward shareholders/stock holders have also been changed and now they are trying to fullfill the expectations of stakeholders. Corporate governance is the mechanism by which the values,principles. policies and procedures of a company are inculcated and manifested. Corporate governance is the method by which the aforesaid objectives are achieved. The common corporate goal was '' Prosperity to all ''. According to narration given in Rigveda,''Corporate should work goal as Honybee, which takes the nectar of a flower  without the losing its shape and fragrance and work provided honey for the well being society.   DEFINITION OF CORPORATE GOVERNANCE  In a narrow sense, corporate governance involves a set of relationship among the company's management, its board of directors, share

Public Administration

Public administration is a system through which the government carries out its business of ruling and controlling effectively. Maintaining public administration  is the first foremost responsibility of any government. The aim of educating people in public administration is to train them in democratic values such as equality, justice, security, effectiveness and order. It also prepares such human resources who can critically analyze and review public policies of the government. These public administration are enabled to bear the responsibility of determining the policies and programmes of the government like planning, organizing, directing, coordinating and controlling of government operation. Because of the specific training in public administration, execution and direction .      Branches of public administration are below. HUMAN RESOURCE MANAGEMENT The function of human resource management is to equip the employees with the capabilities to manage records, promotion and