Monthly Archives: March 2011

A method of budgeting in which all expenses must be justified for each new period. Zero-based budgeting starts from a “zero base” and every function within an organization is analyzed for its needs and costs. Budgets are then built around what … Continue reading →

1. Transactional leaders are leaders who guide or motivate their followers in the direction of established goals by clarifying role and task requirements. 2. Transformational leaders are leaders who provide individualized consideration and intellectual stimulation and possess charism a. 3. … Continue reading →

Fayol has been described as the father of modern operational management theory (George, p. 146). Although his ideas have become a universal part of the modern management concepts, some writers continue to associate him with Frederick Winslow Taylor. Taylor’s scientific … Continue reading →

Organisations have usually three levels. Top management is connected with planning & strategy making for overall organisations & monitoring functional managers & their functions through control reports. Top management should know how to manage managers. Middle level management need to … Continue reading →

Describe different skills required by a manager and the responsibilities of a professional manager The accomplishment of any task or goals of any organization is dependent upon the competency of manager to a greater extent.An organization cannot be successful without … Continue reading →