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The difference between business administration and business management?
business administration in a body made up of 1% of management that is responsible for implementing policy and decision made by the top management while business management is the body responsible for planning,coordinating,organizing and motivating.
What does business direction involve?
Managers direct the work of the business by applying leadership and management skills. They model desired behavior while supervising, motivating, and evaluating their employees.
What can makes an open systems interactive characteristic conduvive to a better business management?
The goal of business management is to create wealth for business owners by providing some value that consumers need. Business management involves 1. Researching the market 2. Developing strategies for marketing management, operations management, financial management and human resources management 3. Implementing the strategies through planning, organizing, motivating and control. Thanks
What is the need of management accounting in a business?
management accounting is needed to know the financial condition of the business .it reports to those inside the organisation for planning ,directing,motivating,controlling and performance evaluation. it gives special emphasis on decision affecting the future.
Is Management by Objectives is the motivating factor or controlling technique?
MBO is the motivating factor or controling technique.evaluate the statement
Distinguish between leader and management?
Leadership is directing, influencing, motivating, guiding the subordinates to perform for a common goal. Management is planning , organizing, staffing, directing and controlling the whole organization to bring efficiency, effectiveness and economy in business.
How coordination is the essence of management?
"Co-ordination is the Essence of Management." The meaning of this sentence implies, Co-ordination affects all the functions of management. In other words, Co-ordination affects Planning, Organising, Staffing, Directing, Communication, Leading, Motivating and Controlling.
Is Management by Objectives MBO is the motivating factor or controlling technique?
Management by objectives is both a motivating factor and a controlling technique. Employees are motivated to continue to perform while the direction they are headed is controlled by their manager.
What is meant by people management?
People management is the style of motivating the production in a firm by encouraging the stuff to produce more,
What is office management and explain the elements of office management?
planning,organizing,staffing,directing,motivating,coordinating & contrlling.
What is office management and explain the element of office management?
planning,organizing,staffing,directing,motivating,coordinating & contrlling.
Meaning of operation management?
The meaning of operation management may vary depending on the context. This mainly refers to the administrative issues of a business that will facilitate the smooth running of the same.
