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Management
Finance and Economics are blatantly two different disciplines but there are several similarities they share and influence each other. Both these fields of study are related to economy and money. Both sectors have amazing numbers of career opportunities in the job field. Yet some differences are seen between them such as when you look at their direction of the study …
Which Major Should I Choose Between Finance and Economics? Read More
Human resource management is becoming an important part of organization as it works with the management of human in an organization. It is getting more popularity day by day. But, without developing proper strategies, all efforts remain ineffective. The HR strategies are developed by human resource department of an organization. What is Human Resource Strategy? The HR strategy is the …
Importance of Strategic Human Resource Management Read More
Planning is one of the most important tasks in business or any type of management as well. It is really does not a matter of the size of the business. Does not matter if it is a profitable or non-profitable business organization you are going to start, a planning is a must. Why? The reason is that the planning is …
Importance of Planning in Business Management Read MoreThere are many ways in which you can start your own business. Some of those starting paths are buying a franchise, buying a wholly or partially functional business, and starting from scratch. Each of these paths has its type of advantages and disadvantages. But when these are compared and contrasted, you will find a better one sometimes. This article will …
8 Benefits of Buying an Existing Business Read More
Current Ratio or CR (Also known as Working Capital Ratio, a class of Liquidity Ratios, also a member of profitability ratio) is a part of ratio analysis. By that we mean, it measures the liquidity capacity of an organization. It measures the organization’s capability to meet the debt obligations, the ability to pay off short-term (within 12 months) obligations to …
Advantages and Disadvantages of Using Current Ratio Read More
Liquidity ratio is a set of ratios that are used to measure the capability of paying off the short term or long term debt obligations of a company. In general, the larger the ratio, the stronger will be the capabilities (except some exceptions) to pay the debt off. Fundamental analysts calculate and interpret liquidity ratios to know the current debt …
Advantages and Disadvantages of Using Liquidity Ratios Read More
Controlling is one of the four core elements and also the last element of management. A management of an organization is not an accurate one without the controlling part. In the first step of management, a plan is developed in which an organization’s goals and objectives are clarified. Additionally, the methods to achieve those goals and objectives are established. In …
Importance of Controlling in Business Read More
Leading is the third element of management, one of the management core functions. Here, a manager spends time connecting with his/her employees. Leadership skills include inspiring, communicating, motivating, and influencing employees for efficient output. All managers are not leaders, but all leaders are managers. An employee follows all the directions a manager gives because they have to, because managers have all …
Importance of Leading in Management Read More
Organizing is the second most important core function of management. It includes developing an organizational structure, allocating resources, and ensure of using those resources most efficiently. It helps to accomplish the objectives of the organization most efficiently. A structure of an organization generally indicates organizational design. Organizational design involves the congregation of structure, technology, resource allocation, managing human resources etc. …
Importance of Organizing in Small Business Read More
It is not possible to start any organization without planning. If you do not have a plan, you do not know what to do in the next. Planning is your doorway where you start to think about your organization or small business. Planning is the process of making a plan. It is one of the most important skills a leader …
Why Planning is the Most Important Function in Management? Read More
Management is one of the most-used buzzwords in the world of business. It has been felt that management is highly essential in the business of all categories irrespective of their size, industry, objective, etc. Failing to ensure proper management results in the extinction of businesses. So, it is mandatory to know about the Importance of management in your organization. In …
Importance of Management in Small Business Read More