Name the type of plan which is time bound and linked with measurable outcome.
The type of plan which is time bound and linked with measurable outcome is called Objectives. They must be measurable in quantitative terms, in the form of a written statement of desired results to be achieved within a given time period.
Planning is done for achieving the organisational goals. Do you agree? Give one reason in support of your answer.
Identify the nature of management when it is said to be systematised body of knowledge that explain certain general truths.
At which level of management are the managers responsible for the welfare and survival of the organisation?
Explain how the principles of management:
a. Provide useful insights into the reality and
b. Help in thoughtful decision making.
Explain the technique of scientific management that is the extension of ‘Principle of division of work and specialisation’.