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Financial and Strategic Management

Financial and Strategic Management

What Steps are involved in the process of Controlling?

February 10, 2021February 10, 2021 - by Shreya Kushwaha - Leave a Comment

For controlling to be effective, you need to take the four steps of this specific function of management. Controlling as a management function involves the following steps: 1. Establishment of …

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Financial and Strategic Management

What do you understand by Controlling and what are its features?

February 10, 2021February 10, 2021 - by Shreya Kushwaha - Leave a Comment

Controlling consists of verifying whether everything occurs in conformities with the plans adopted, instructions issued and principles established. Controlling ensures that there is effective and efficient utilization of organizational resources …

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Financial and Strategic Management

What is the Directing and Scope of Direction?

February 9, 2021February 9, 2021 - by Shreya Kushwaha - Leave a Comment

Directing is a process in which the managers instruct, guide, and oversee the performance of the subordinates to achieve predetermined goals. Directing is said to be the heart of the …

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Financial and Strategic Management

What is Staffing and the Process of its Working?

February 9, 2021February 9, 2021 - by Shreya Kushwaha - Leave a Comment

Staffing is an occupying significance as a function of management. The managerial function of staffing involves manning the organization structure through proper and effective recruitment, selection, appraisal, and development of …

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Financial and Strategic Management

What is Organizing and Steps involved in the Process of Organizing?

February 8, 2021February 8, 2021 - by Shreya Kushwaha - Leave a Comment

Organizing is the function of the management which follows the first function of management i.e. planning. It is a function that brings together the human, physical, and financial resources of …

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Financial and Strategic Management

What is Planning and Steps involved in the Process of Planning?

February 8, 2021February 8, 2021 - by Shreya Kushwaha - Leave a Comment

The first and foremost managerial function is ‘planning’. Planning means looking ahead and chalking out future courses of action to be followed. It is a preliminary step. The functions aim …

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