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The Investors Book

Learn about Investing & Business related terms

Business Management

Service Culture

December 20, 2022 by Anjali J Leave a Comment

Definition: Service culture is the organizational culture focused on creating values for both customers and employees. It signifies that every unit of the organization is committed to delivering superior customer service. Majorly, it is acknowledged in customer-centric service-oriented organizations. In addition, it is also relevant for those who are curious to know … [Read more...] about Service Culture

Types of Logistics

November 4, 2022 by Anjali J Leave a Comment

Do you know the majority misinterprets logistics with transportation? Besides being the backbone of logistics, transportation is just a part of it. Logistics has a significantly wide scope. In this post, we will discuss various types of logistics available at our disposal. Logistics is the integration of several activities. These activities are not universal but … [Read more...] about Types of Logistics

Techniques of Controlling

April 19, 2022 by Anjali J Leave a Comment

Techniques of Controlling are the tools used for establishing control over business activities, monitoring and taking necessary corrective measures. There are several Traditional and Morden techniques available for efficient business control. The selection of the techniques must be a strategic approach. While selecting the most suitable technique, the organization must study … [Read more...] about Techniques of Controlling

Staffing Process

April 12, 2022 by Anjali J Leave a Comment

Definition: The Staffing Process is a series of activities performed to employ, manage and retain the manpower inventory to accomplish organizational goals. It ensures the availability of the most suitable person for the Right Job at the Right Time. It covers various interrelated activities required to fill the vacancies designed in the organizational structure. Besides … [Read more...] about Staffing Process

Span of Control in Management

December 22, 2021 by Anjali J Leave a Comment

Definition: The span of control in management suggests estimating the optimum number of subordinates managed by a single supervisor. It is a primary factor that determines the shape of the organization. Also, it involves all the management activities than just supervision and control. The levels of management are created based on the span of control expressed by comparing … [Read more...] about Span of Control in Management

Employee Ownership

December 16, 2021 by Anjali J Leave a Comment

Definition: Employee ownership is a model in which the employees own all or maximum stake in the business. It isn't restricted to the higher level but also offered to every management level. Moreover, it provides tax benefits to businesses. This model benefits both the business as well as employees. Employees shares companies' profits, which boosts enthusiasm. Consequently, … [Read more...] about Employee Ownership

Group Decision Making

December 7, 2021 by Anjali J 1 Comment

Definition: Group Decision-making is a form of participative decision-making, where a group of individuals work together to solve a problem complex in nature. The group members try to discover and test creative alternatives to solve complicated problems. It is a participatory process in which the group members share their Ideas, Knowledge, Expertise and Experience. The group … [Read more...] about Group Decision Making

Management Report

October 29, 2021 by Anjali J Leave a Comment

Definition: The management report is a means of communicating essential information from high to low levels of management. It consists of facts and significant data presented through written, oral and visual tools (Graphs, Charts and Pie-Charts). It provides an insight into the departmental progress through financial and non-financial data of a specified period. Timely … [Read more...] about Management Report

Breach of Contract

September 16, 2021 by Anjali J Leave a Comment

Definition: Breach of contract refers to the termination of a contract (whether in written, oral or implied form), after one of the contracting parties, fail to meet its part of contractual terms. Such a non-compliance is usually unjustifiable from the side of the breaching party. Some of the other reasons include incomplete performance, delay in payment, failing to … [Read more...] about Breach of Contract

Contract

August 14, 2021 by Anjali J Leave a Comment

Definition: A contract can be stated as an agreement which is legally enforceable on both the parties involved in it. We can say that any of the party concerned can redress to the court of law on non-fulfilment of the contractual obligations by the other party. Thus, a contract has three essential components: Offer or Proposal: made by the offeror; Acceptance: … [Read more...] about Contract

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