Staffing   Staffing is defined as the process involved in identifying, assessing, planning to evaluate and developing individuals at work. It is the determination of size and categories of required personnel and is also concerned with employing the right people and developing their skills through training. The Staffing element of management focuses on improving the…


Organizing Organizing refers to the process of bringing together physical, financial and human resources and establishing productive relations among them for the achievement of specific goals. It is concerned with building up a stable framework or structures of various interrelated parts of an enterprise, each part having its own function and being centrally regulated. In…


Planning Planning is the process of thinking before doing and it involves the determination of goals as well as the activities required to be undertaken to achieve the goals. In simple words, planning is deciding in advance what is to be done in future. In management, planning is the process where managers anticipate the future…


Introduction to Business Environment   Business Environment consists of factors that have a bearing on the business, like strengths and weakness, internal power relationships and orientations of the organization, government policy, and regulations etc. Business Environment includes set of external and internal factors which affect the decision of business and it is divided into two…


Program Evaluation and Review Technique (PERT) PERT is an abbreviated form of the Program Evaluation and Review Techniques which is used in project management. This method is used to determine and represent the task of the project in an appropriate way. In this method generally, we follow two approaches to determine the total time of…


Inventory Management Inventory is an essential evil for the manufacturing industry because of the uncertainty in the production unit. The company has to carry inventory to avoid the condition in which the production has to stop because of the unavailability of raw material, on the other side sometimes it also happens that market demand of…