Business Management

Definition: Women entrepreneurs are referred to as women or a team of women who establish an enterprise or adopt one, take the risk, plan and combine the resources needed to manage the business. In simple words, the women lead, organize and manage their own enterprises. Moreover, they are always ready to face any financial and economic challenges attached to it. As … [Read more...] about Women Entrepreneurs

If an organization is a Car, then human resources are its Driver. The organization acquires this vital resource through the Staffing function of management. It takes the organization to its ultimate destination, towards short and long-term goals. Definition: Staffing is a managerial function that involves all the activities from workforce planning and management to … [Read more...] about Staffing with Example

Businesses need to make many strategic decisions to survive in the ever-changing environment. Strategic management helps businesses create a stronghold in the competitive market. One of the tools of strategic management is Business-level Strategy. Definition: Business-level Strategies are the plan of action that the organizations use as a weapon against its competitors in the … [Read more...] about Business-level Strategy

The strategy's effectiveness and success will depend on how well it is executed. In organizations, top management ensures its implementation by exercising Strategic Control. Definition: Strategic control is the forward-looking evaluation process focused towards monitoring, measuring and managing the execution of formulated strategies and making necessary adjustments. It … [Read more...] about Strategic Control

Entrepreneurs turn their aspirations into reality. Many aspiring and existing entrepreneurs actively engage in entrepreneurial activities. Over the years, researchers have studied entrepreneurial behaviour and found several Types of Entrepreneurs. They are engaged in various activities in the IBS sectors (Industrial, Business and Service). Besides, they are also involved in … [Read more...] about Types of Entrepreneurs

An entrepreneur contributes to the economy by undertaking a business activity. He integrates and regulates the 5 M's, i.e., Men, Material, Money, Machine and Method. During this while, he performs some critical functions that help the enterprise to grow and succeed. In this post, we will discuss some crucial Functions of an Entrepreneur. Entrepreneur performs all the essential … [Read more...] about Functions of an Entrepreneur

Leadership is a vital part of the organization, and so are the types of leadership styles adopted by the leaders. This has been a matter of study since the 1930s. This is because, the experts try to study how a leader establishes his effect on his group members. Traditional and Modern studies have identified various types of leadership styles. This article discusses … [Read more...] about Types of Leadership Styles

During the departmentation process, the organization faces difficulty selecting the most suitable 'Types of Departmentation'. In large organizations, besides the workforce, activities and processes are also diversified. As they grow in structure, managing personnel and tasks becomes challenging. Thus, selecting the correct type of Departmentation is necessary to … [Read more...] about Types of Departmentation

Definition: Departmentation implies an organizing process involving the horizontal division of activities and personnel into homogeneous workable units known as Departments/Divisions. It involves the organization of a large enterprise into smaller administrative units at all levels. It is performed to facilitate smooth functioning within the organization. Moreover, … [Read more...] about Departmentation