Social Responsibility of Business Organization | Principles of Management

Social responsibility of business towards shareholders, customers, employees, governments and public

Social Responsibility of Business Organization

It is the obligation of a business organization to protect social norms and rule within which the organization is operating. Social responsibility in business organization pertains to people and organizations behaving and conducting business ethically and with sensitivity towards social, cultural, economic, and environmental issues. Each and every activity in the organization has connection with the society. Business organization has existence in the society, it performs several functions in the society, it also expands and diversify their business activities in the society. So by this far, it is the obvious responsibility of business organization to perform their activities within the existing rules, regulations and norms of society.

Types of Business Environment | Internal & External Business Environment

Internal and External Business Environment that affect the organization's performance

Types of Business Environment

Environment refers to all external forces, which have a bearing on the functioning of business. And business environment consist of all those factors that have a bearing on the business. It can be defined as total of internal and external factors to an organization that affects it. The term business environment implies those external forces, factors and institutions that are beyond the control of individual business organizations and their management but affects the business enterprise. 

Essential Managerial Skills | Skills of a good manager | POM

3 Management skills that impact positively towards management process and other 5 necessary management skills

Managerial Skills

Management needs skilled manager in order to take out the predefined objectives of the organization/workforce. Manager has to be versatile in his skill, so that he can control the overall workforce. Manager plays the role of leader in the workforce. Weakness in management due to absence of essential managerial skill leads to improper functioning and distance towards goals.

Management is not a simple task. It needs knowledge and experience. Managerial skills are the knowledge and ability of the individuals in a managerial position to fulfill some specific managerial

3 Essential Roles of a Manager and 5 Important Managerial Functions

5 Prevailing Managerial Functions and 3 Most Essential Roles of a Manager, Principles of Management (POM)

3 Most Essential/Important Roles of a Manager

Managers are the heart/brain of the organization or any workplace. They play a crucial role in the management and success of organizational objectives. The primary goal of a manager is to make people productive. And in order to do that, they need to perform certain activities and they are 1.Setting of objectives and planning, 2.Organizing, 3.Staffing, 4.Leading and 5.Controlling. According to Henry Mintzberg, there are three major areas which define the role of a manager and they are as follows;

12 Most Important Principles of Management | Detail Explanation

12 Really Important Principles of Management, You shouldn't miss this management principles to make your management successful.

Principles of Management 

Principles are generally accepted fundamental truths. Principles of management are considered as generally accepted guidelines for decision making, management actions and have universal application. These principles are the essential and underlying factors that form the foundations of successful management. 

1) Management By Objective (MBO) 

Peter Drucker was the first person who popularized the term “management by objective” in his book ‘The Practice of Management’.

Major Characteristics of Management | Principle of Management

8 important characteristics of management,
Principle of Management (POM)

Characteristics of Management

Management is the process of activities of setting the strategy of an administration, keeping coordination among employees to accomplish its predefined objectives through the coordinated use of material resources. Another definition of management by F.W.Taylor is "Management is knowing exactly what you want people to do, and then seeing that they do it in the best and cheapest way". It has got some characteristics which defines the fruitful management activities. These management characteristics are most crucial part of the organization.