Principle Of Management

Question 1 Define the term cooking and hasheesh break through the important barriers to institutional planning Planning: The wait on of set goals, developing strategies, and outlining tasks and schedules to accomplish the goal Question 2 Explain what constitutes good faceal goals Question 3 Explain the of import consideration when choosing an onslaught to coordination Question 4 Discuss the main characteristics of effective watch systems in an organization 1. A center on censorious points. For example, get overs argon applied where failure cannot be tolerated or where costs cannot decease a certain amount. The critical points include all the areas of an organizations trading operations that directly imply the success of its key operations. 2. Flexible. Controls must throw off tractability built into them so that the organizations can react cursorily to exceed adverse changes or to take advantage of new-fashioned opportunitie s. 3. Accuracy. Effective control systems provide factual information thats useful, reliable, valid, and consistent. 4. trustworthy by cheek Members. For a control system to be real by organization members, the controls must be link to meaningful and accepted goals.

Question 5 Explain the advantages and disadvantages of budgeting in an organization Budgeting: A formal statement of the financial resources set apart for carrying out specific activities in a given menses of time. * It helps to adjust the activities of the organization. * An example would be an advertising budget or gross sales force budget. Advantages of budgeting 1. Compels ma nagement to think about the future, which is! likely the most(prenominal) important feature of a budgetary planning and control system. Forces management to look ahead, to set out critical plans for achieving the targets for to each one department, operation and (ideally) each manager, to anticipate and give the organization direct and direction. 2. Promotes coordination and...If you want to get a full essay, cabaret it on our website: OrderEssay.net

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