Process of Organizing Organizing is the process of identifying the organization’s objectives and activities, grouping them, and ensuring proper coordination after the duties are assigned to employees to make the desired goals possible. Organizing establishes a formal relationship among the employees so that they can perform their work jointly for the achievement of common objectives. … Read more
Importance of Organizing Organizing is an effective management function if implemented effectively can pave the way for companies to successfully walk in a dynamic business environment. Following are the 10 points that justify the importance of organizing in business. Efficient Management A good organizational structure is the foundation of effective and efficient management. It is … Read more
Once the organizational plans are made, it is necessary to manage people, resources, and other components of the organization to make plan implementation effective. Such activities are known as organizing. Let’s dive into what comes with organizing. What is Organizing? Organizing is the process of dividing and designing the jobs, setting the proper job relation, … Read more
Characteristics of Organizing Organizing is the management tool to establish a productive relationship between all the components of the organization so as to ensure that desired goals are achieved. The following are the common characteristics/features of organizing function of management. Work Specialization Work specialization is achieved when employees are qualified, experienced, and skilled in doing … Read more
Tools and Techniques For Decision Making Managers can use various tools for making decisions in order to make more effective decisions. They require factual information, expert opinion, and other tools for the purpose. Managers usually select qualitative and quantitative tools of decision-making on the basis of the nature of problems and the need for accuracy. … Read more
Process of MBO (Management By Objectives) MBO i.e. management by objectives is the process of setting organizational goals/objectives that are agreed upon by supervisors and employees. It is a strategic management tool to increase the overall performance of the company. Peter Drucker, the initiator of MBO has stated that management by objectives works if you … Read more
Advantages and Disadvantages of MBO (Management by Objectives) MBO is a goal-oriented management model that aims to increase overall organizational performance by setting goals with the participation of both management and employees. MBO tries to balance the objectives of both organization and employees to achieve more incredible performance. Following are some of the noted advantages … Read more