SEM-1st

Breach of Contract A contract creates a legal obligation for the parties to adhere to its terms and conditions, serving […]

“Decision making is crucial in business, involving selecting the best course of action among several alternatives. It impacts profitability and organizational

1. Marginal Analysis 2. Financial Analysis 3. Break-Even Analysis 4. Ratio Analysis 5. Operations Research Techniques 6. Linear Programming 7.

1. Strategic Plans 2. Tactical Plans 3. Operational Plans Types of Operational Plans: 4. Contingency Plans Key Points: Limitations of

In essence, the planning process involves identifying opportunities, gathering information, setting objectives, forecasting future conditions, evaluating alternatives, implementing the plan,

Concept of Planning: “Planning is a fundamental management function that involves deciding in advance what needs to be done, how

Henri Fayol’s 14 Principles of Management Henri Fayol (1841-1925) was a French mining engineer and management theorist who developed one

Max Weber (1864-1920) & Bureaucratic Management Theory Max Weber was a German sociologist, philosopher, and political economist whose work greatly

Management, an art as old as human civilization, evolved significantly over time. Initially, it was seen as a personal ability

Overview A contract legally obliges the parties to perform their mutual promises until the contract is either discharged or terminated.