Financial Management

The concept of management has acquired special significance in the present competitive and complicated enterprise planet. Naturally, these strategies can be used only when workers supervisors and managers accept them in theory and also in practice For this, Mental revolution...<br /><a class="read-more-button" href="http://mkbk.info/financial-management.html">Read more</a>

Financial ManagementThe concept of management has acquired special significance in the present competitive and complicated enterprise planet. Naturally, these strategies can be used only when workers supervisors and managers accept them in theory and also in practice For this, Mental revolution on their component is essential The achievement of scientific management rests fundamentally on the attitude of management and workers.

Hawthorne Studies are mainly accountable for consideration of non monetary incentives in improving productivity. Guarantees effective use of managers: Management ensures effective use of managers so that the advantages of their encounter, abilities and maturity are obtainable to the enterprise.

The fourteen principles of management recommended by him are connected these fundamental functions of management method and are universally accepted. Faulty assumption in the theory: The human relations method is primarily based on a incorrect assumption that happy workers are more productive.

Guarantees smooth functioning: Management ensures smooth, orderly and continues functioning of an enterprise over a lengthy period. It is another extreme as compared to classical theory exactly where personnel had been neglected significantly. The systems approach suggests that the total functionality of the organisation will be efficient only when the distinct systems/units/activities are coordinated and integrated in an efficient manner.

Develops team spirit: Management develops group spirit and raises overall efficiency of a organization enterprise. Advantage from maximum flexibility by putting your software on our safe server at our data centre for a fixed month-to-month fee. Management adjusts itself to the changing atmosphere producing appropriate forecasts and modifications in the policies.