it creates the vision for the organizational members to work toward
The primary difference between line function and staff function is accountability. Line functions are typically used for sales and production, while staff functions are used in production planning and marketing.
The primary function of any bank is to make a profit
dicovery :D
loan money to underdeveloped countries.
Management is there to ensure that employees show up for work and get their jobs done. When employees don't do their work, managers administer disciplinary action.
To fullfil the future requirement of the organization
Because the other functions of management: organizing, Staffing, Evaluating, Controlling and actuating are pointless if you don't have a plan that sets goals and methods to achieve them.
Management is defined by a person's ability to engage in operational organization. The only way it can only be successful is to focus in on improvement and 'plan' to execute efforts. Without planning there is no smooth transition.
Decision making is the main task of the management function i.e. planning. without the decision making it is very tough to decide what to do and where is to do. Planning is just a blueprint of the future planning but decision making is not very easy task it is very wide in itself. In case of the lack of the decision making it is not possible to fulfill your planning. for the accomplished of the desire outputs perfect decision making is very necessary. In short, decision making is the primary function of the planning as well as useful for the maintain management.
Procurement planning is a primary function of procurement
Identify and prioritize resources provisioning, processing and distribution.
Identify and prioritize resources provisioning, processing and distribution.
Henry Fayol proposed the five primary functions of management are they are: (1) planning; (2) organising; (3) commanding; (4) coordinating; (5) controlling.
As this is one of the primary function of marketing that's why it requires more cost.
14. Esprit de corps. Harmony, cohesion among personnel. Out of the 14, the most important elements are specialization, unity of command, scalar chain, and, coordination by managers (an amalgam of authority and unity of direction).
The primary difference between line function and staff function is accountability. Line functions are typically used for sales and production, while staff functions are used in production planning and marketing.
explain the primary objectives of cost management ?