Importance of Marketing It is said that almost more than 80% of customers do not come directly to your business or even they do not know your business is there. It is the marketing that introduces your business and products to diverse customers. Today the importance of marketing is ever-growing since the modern market has … Read more
Advantages and Disadvantages of Participative Management Participative management is a friendly management style that welcomes and values the recommendations of all the members of the organization. Participative management offers different advantages like employee satisfaction, and reduced conflicts as well as has also disadvantages like the potential of conflicts and security issues. Getting benefits from the … Read more
It is said that employees are the ones who have actual knowledge of the market, customers, and the outside world of an organization. If so, they can certainly add up valuable information to management decisions. Participative management is one that ensures this – let’s discuss what it is and its different aspects. What is Participative … Read more
Importance of Participative Management What is the importance of participative management? Now the concept of participative management is accepted worldwide. Organizations are actively inviting their employees to different decision-making processes. Since it creates a positive and cooperative working environment both employees and the management i.e. organization benefit in many ways. Some of the significance of … Read more
What are Theories of Management? Theories of management are the concepts and guidelines that a manager can use to manage different organizations for successfully running their operations. These theories offer different ways of managing modern organizations. Different management theories have evolved a long time ago and still, scholars are trying to search for new theories … Read more
Do you think one management principle or practice is always applicable to every organizational situation i.e. problem? This contingency theory of management has given us an answer to this question. Let’s see. What is Contingency or Situational Theory of Management? The contingency theory of management holds the belief that the best management practice is situational. … Read more
What is System Theory of Management? System theory of management refers to the goal-oriented mechanism composed of different parts that interact and are interrelated in a way that the collective efforts of all parts are greater than the sum of their individual parts. In simple words, the system theory views an organization as a system … Read more