FORECASTING (BUSINESS TECHNOLOGICAL TECHNIQUES) INTRODUCTION Clearly, the better management’s ability to predict future internal and external environmental condition in a particular situation the better its chances of formulation attainable … [Continue reading]
Car Wash Business
Car wash business plan in Nigeria - So you’ve decided to start a car wash business. There are many steps in the process and each need to be implemented correctly or your business will not be all it can be. In the business plan, we will … [Continue reading]
Business Social Responsibility and Ethics
Business SOCIAL RESPONSIBILITY AND ETHICS BUSINESS SOCIAL RESPONSIBILITY AND ETHICS The objectives of a business enterprise are to maximize profit or at least break even if they are to survive. It has been though that nationalized industrial may … [Continue reading]
Setting Objectives in Business – The Importance
How To Set Objectives in Business Setting Objectives in Business - The Importance THE PURPOSE OF OBJECTIVES a) To provide greater direction: Everyone needs some sense of purpose or direction and time spent on questioning aims and purpose, on … [Continue reading]
Planning In Management – How Important Is It?
Planning In Management - How Important Is It? Planning In Management Planning can simply be defined as an act concerned with examining the future and drawing up a course (Plan) of action. ADVANTAGES The higher up the hierarchy of … [Continue reading]
Environment Factors Affecting The Organization – Internal And External Appraisal
ENVIRONMENT FACTORS AFFECTING THE ORGANIZATION - INTERNAL AND EXTERNAL APPRAISAL Environment Factors Affecting The Organization The importance of business environment and the need to consider forces external to the organization were first … [Continue reading]
How Management By Objectives (MBO) Works – Advantages / Disadvantages
How Management By Objectives (MBO) Works - Advantages / Disadvantages Management By Objectives (MBO) Management by objective (MBO) or management by Result is both a philosophy and a technique of management. The philosophy is aimed at harmonizing … [Continue reading]
Business Social Responsibility And Ethics
BUSINESS SOCIAL RESPONSIBILITY AND ETHICS Business Social Responsibility And Ethics How does social responsibility arise? In the pursuit of the objectives of profit optimization businesses consciously or unconsciously forget that they operate in … [Continue reading]
Organizational Objectives in Management
Organizational Objectives in Management CORPORATE OBJECTIVES CORPORATE OBJECTIVES SETTING Definition: Objectives as used in management refer t the aims, goals or the “Hoped for Result” that organizations seek to accomplished. The primary, … [Continue reading]
Strategic Business Management Planning / Control
Strategic Business Management Planning / Control BUSINESS MANAGEMENT PLANNING AS CORPORATE Planning as a management function is the process of selecting objectives and deciding what should be done to attain them. In management parlance, planning … [Continue reading]
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