Petroleum is an extremely useful fuel and is obtained naturally from oil drilling. Petroleum products obtained from refining petroleum are gasoline, fuel oil, jet fuel, diesel and so on.
Importance of Organizing Function of Management. Organizing, generally followed by the planning stage and is considered an important function of management. Management Function Organizing Importance.
Importance of Directing Function of Management. Directing helps in efficient utilization of resources. Directing provides stability. Management Function Directing Importance.
Business Management: Meaning of Management; What is Management, Definition of Management and things to know about Management. Management is a worldwide phenomenon.
The seven C’s of communication are related to oral and written communication. These Seven C’s of communication are for an effective communication.
Advantages of Oral Communication, Disadvantages of Oral Communication, Advantages of Written Communication and Disadvantages of Written Communication. Types of Work Place Communication.
Modern Theories of motivation; ERG Theory of Motivation, Goal Setting Theory of Motivation and McClelland’s Theory of Needs.
Classical Theories of Motivation; See Maslow’s hierarchy of needs theory, Herzberg’s Two factor theory and Theory X and Theory Y.
Bollywood Top Ten Actors, Bollywood Best Actors, Actors of Bollywood, Top Actors of Bollywood. Top Ten Actors of Bollywood.
Communication Flows in an Organization; Communication flows in five main directions in an organization as follows: Upwards, Downwards, Lateral, Diagonally, Externally.
The main components of the communication process. Communication is a continuous method of exchanging messages which are verbal and non verbal.
Features of Management and Objectives of Management. Management is related to channeling human and physical resources in order to achieve organizational goals.
Principles of Staffing; Staffing process of management assists in obtaining the right talent and also nurturing it. Staffing principles which are universally accepted are not present.
Principles of controlling; Controlling is a procedure of ensuring that satisfactory progress has been made in accordance with the plans and noting down the experience benefited for achieving forth coming goals.
Direction is always a complicated task as it involves dealing with employees of different kind. A manager can become successful in the skill of efficient direction by learning and practicing the basics of direction.
Functions of Management. Koontz and O’Donnel explained five functions of management. They are; Planning, Organizing, Staffing, Directing and Controlling.
Continuous flow of wealth from one nation to the other without any adequate returns in the form of either cash or service or material is Drain of Wealth. Dadabhai Nauroji's Theory of Drain of Wealth and Other comments.
What is Magic; Classification of Magic. Productive Magic, Protective Magic and Destructive Magic. Difference between Magic and Religion, Difference between Magic and Science.
Sankritization is the process by which a low caste or tribe or other groups takes over the customs, rituals, beliefs, ideology and life style of a higher caste. Westernization refers to all cultural changes and...
Socialization is one of the most important social processes in every human society. With out socialization the human beings would not be able to participate on group life and develop the human characteristics. The...
Law of Human Progress Auguste Comte can be regarded as one of the founding fathers of Sociology. Auguste Comte Methods Of Inquiry, The Law of Human Progress Auguste Comte.
Sociological theory is a set of logically interrelated propositions from which empirical uniformities can be derived. Theory as a conceptual scheme designed to explain observed regularities. Theory consists 1) a set of...
Indus Valley Civilization, Origin of Indus Valley Civilization, Important sites of Indus Valley Civilization, Living conditions of Indus Valley Civilization. Decline of Indus Valley Civilization.
What is a Family Meaning and Definition of Family. The family a social institution is the most fundamental of all social groups and it is universal in its distribution from time immemorial.
The rise of the Great Mauryan Empire was a unique event in the History of India. It was the first Empire in the Indian sub-continent came into existence by unifying the innumerable fragments of distracted territory.
Culture is the embodiment in customs, traditions etc. of the learning of a social group over the generation. It is the complex whole that consists of everything we think and do and have as members of society.
The development of culture is a continuous process. Although culture develops trait by trait, a culture is actually a patterning interdependent trait complexes.
A society is mainly defined as a collection of individuals. It consists of individuals belonging to male and female and different age groups. Characteristics of Human Society are as follows...
Society is a web of social relationships. Society is not only found in human beings but also in animal societies of varying degrees. Difference between Human and animal society are as follows:
There are many theories to explain the origin of society. Some of the theories that explain the origin of society are Divine origin theory, The force theory, Patriarchal and Matriarchal theories, Social contract theory...
A questionnaire refers to a device for securing answers to questions by using a form which the respondent fills in by himself. It consists of a number of questions printed or typed in a definite order. A schedule is a...
Agriculture in India; Types of Farming in India. In India there are two main agricultural seasons, The Kharif season and The Rabi season. Also, Crops grown through artificial irrigation are Zaid crops
Law is a norm exists in advanced societies. Some customs are there which are similar to law though they do not have a law. Law doesn't allow which was anti-social. Law protects the interest of individuals and groups....
14 Principles of Management of Henry Fayol. Henry Fayol listed and reviewed fourteen principles of management on the following aspects.
Tennis, one of the greatest sports has millions of fans across the globe. Here is the list of the ten best tennis players of all time. Top 10 Tennis Players of all time.
List of Top Ten Cricketers of All Time, Best Cricketers of All Time, Greatest Cricketers, Best Cricketers, List of the Best Cricketers. Cricket is a favorite sport for millions of people on this planet.
Top 10 Hollywood Actors. Hollywood Handsome Actors. Hollywood Best Actors. Top Ten Best Actors of Hollywood.
Imperialist domination of China began with what are known as the Opium Wars. Before these wars, only two ports were open to foreign traders.
Risk management is defined as the logical development and carrying out of a plan to deal with potential losses. The risks can be financial risks, process risks, intangible risks, time risks, human risks, legal risks,...
Agriculture is one of the most widespread activities in the world, but its character is not uniform throughout. A number of scholars have attempted to identify various types of agriculture.
Differences between Sociology and Anthropology. Scope of sociology is limited, for it is concerned with contemporary rural and urban societies only. Scope of anthropology is universal, for it is concerned with the whole...
The modern Seven Wonders of the World. New seven Wonders of the World. Seven wonders of the world from the new 7 wonders organization established by Bernard Weber. Seven wonders of the world.
Types of Unemployment; Frictional Unemployment, Cyclical Unemployment, Structural unemployment, Disguised Unemployment, Technological Unemployment, Voluntary and Involuntary Unemployment.
Taxila university is Situated twenty miles northwest of the modern city of Rawalpindi, It was a famous educational centre in ancient India. urbanism reached its peak here between the 2nd century B.C.
United Nations Organisation was established after World War II with a motto to maintain world peace, was this really successful in doing the same. Successes and Failures of the United Nations since its establishment.
stratification stands for the arrangement of people in a society into various layers on the basis of social status. Social stratification assumes different forms in different societies on different criteria. These forms...
According to anthropologists of 19th century, Culture is earlier and Civilization is later. Everything created by man is culture, civilization is an advanced state of cultural development. Difference between Culture and...
Specialized agencies of the UNO are seventeen in number as per the terms of the UN Charter. See List of specialized agencies of the United Nations.
The United Nations Organisation (UNO) aims at maintaining international peace and security, to develop friendly relations among nations. Principal Organs of UNO.
Principles of Planning : Planing is a dynamic process, it is very essential for every organisation to achieve their ultimate goals, but, there are certain principles which are essential to be followed so as to formulate...
Henri Fayol was a French mining engineer and management theorist. He developed the theory of Scientific Management. Fayol listed and reviewed fourteen principles of management.
Ahmed Shah Abdali invaded India five times. The glory of Marathas in India has come to an end with his invasion. Abdali appointed his men as in-charge of the newly acquired provinces.
Ashoka is the greatest king of the Mauryan Empire. Ashokan Edicts. Impact of the Kalinga War, Ashoka Policy and Buddhism. Rule of Ashoka the Great.
Under the leadership of Alexander of Macedonia the Greeks finally destroyed the Iranian empire. From Iran he marched to India, obviously attracted by its great wealth.
Controlling in Management - Controlling Function of Management; See Controlling Definition, Features of Controlling, Importance of Controlling and Management by Exception.
Importance of Planning Function. Planning is a process which involves the determination of future course of action, i.e. why an action, how to take an action, and when to take action are main subjects of planning...
Directing in Management, Directing Function of Management; Directing Definition, Importance of Directing and Elements of Direction - Supervision, Motivation, Leadership and Communication.
F. W. Taylor was an American mechanical engineer completed his degree in Mechanical Engineering from Stevens Institute of Technology in 1883. He is well known as the father of scientific management.
Staffing Function of Management; See Staffing Definition, Importance of Staffing, Staffing Process, Difference between Recruitment and Selection Difference between and Training and Development.
Organizing in Management - Organizing Function of Management; See Organizing Definition, Importance of Organizing, Organizing Process and Organization Structure.
Activities by which we can earn our livelihood are economic activities. Three major categories in Economic activities are: Business, Profession and Employment.
The modern technology has enabled the accounting department in Eliminating the redundancy, Reducing the number of people involved in processing of transaction by removing the unnecessary control points, etc
Characteristics of Accounting Information System. Accounting information must possess the characteristic of reliability, relevance, understand-ability and comparability. Accounting Articles
Financial accounting deals with recording and analysis of financial results of transactions as a means of arriving at a measure of organization's success and financial soundness.
The trial balance is prepared to check the arithmetical accuracy of accounts. If the trial balance does not tally, it implies that there are arithmetical errors in the accounts which require location, detection and...
Accounting Assumptions in Accounting; Accounting entity Assumptions, Money measurement Assumptions, Going concern Assumptions and Accounting period Assumptions.
Basic accounting principles; The basic accounting principles are Duality, Revenue Recognition Principle, Historical Cost Principle, Matching Principle, Full Disclosure Principle and Objectivity.
Use of Accounting; Meaning of Accounting, Definition of Accounting and Characteristics of the Accounting. American Accounting Association definition of Accounting.
Basic Terms used in Accounting, basic accounting terms, Profit and Loss Statement, Balance Sheet. Accounting Equation, Assets, Liabilities, Capital, Sales. Expenses and Revenues. Expenditure. Loss, Income and Profit,...
What is Financial Accounting, Objectives of Accounting, Limitations of Accounting, Role of Accounting. Differences between Accounting and Book-Keeping, Objectives of Accounting.
What are the functions of money. Functions of Money. The functions of money are to serve as: Unit of value, Medium of exchange, Standard of deferred payments and Store of value.
Prior to the introduction of money as it is known today, trade was carried out by barter, i.e. exchange of goods for goods. See the difficulties involved in barter exchange.
Export Processing Zones (EPZs) can be summarized as a unit bearing clusters of specially designed zones of aggressive economic activity for the promotion of export.
Difference between Domestic and International Trade. Conducting and managing international business operations is more complex than undertaking domestic business.
Planning in Management - Planning Function of Management; See What is Planning, Planning Definition, Importance of Planning, Features of planning, Planning Process and Types of Plans.
Evolution of Management Principles : Early Perspectives | Classical Management Theory | Neo Classical Theory / Human Relations Approach | Management Science / Operational Research | Modern Management.