JKPSC Prelims and Mains Notes, JKPSC Test Series
WORKING CAPITAL Meaning of Working Capital Every business needs funds for two purposes for its establishment and to carry out its day-to-day operations. Capital required for a business can be classified under two main categories viz. (i) Fixed capital (ii) Working capital. Long-term funds are required to create production facilities through … Read more Working Capital
MARKETING MANAGEMENT Marketing Management is a social and managerial process by which individuals or firms obtain what they need or want through creating, offering, exchanging products of value with each others. CORE CONCEPTS OF MARKETING NEED/ WANT/ DEMAND: Need: It is state of deprivation of some basic satisfaction. … Read more Management Marketing
POSD CORB POSDCORB is an acronym which means Planning, Organizing, Staffing, Directing, Coordinating, Reporting and Budgeting which was first coined in a paper on administrative management that was written for the Brownlow Committee by Luther Gulick and Lyndall Urwick. POSDCORB can be used as a systematic framework for efficiently executing business processes in … Read more POSD CORB
INTERNAL CONTROL An internal control is a procedure or policy put in place by management to safeguard assets, promote accountability, increase efficiency, and stop fraudulent behaviour. In other words, an internal control is a process put in place to prevent employees from stealing assets or committing fraud. An internal control is … Read more INTERNAL CONTROL
MARKETING MIX Marketing involves a number of activities. To begin with, an organisation may decide on its target group of customers to be served. Once the target group is decided, the product is to be placed in the market by providing the appropriate product, price, distribution and promotional efforts. These are … Read more Management Mktg 4ps
FUNCTIONS OF MANAGEMENT PLANNING Planning is a process of determination of organization’s objectives and selecting the courses of actions. i.e. Plans for attaining them. Planning is the primary or basic management function. Planning Process Types/Dimensions … Read more MGMT PLANNING
BEHAVIOR MEETING LIFE CHALLENGES : STRESS Stress: – The pattern of responses an organism makes to stimulus event that disturbs the equilibrium and exceeds a person’s ability to cope. NATURE OF STRESS Stress is not a factor that resides in the individual or the environment, instead it is embedded … Read more Stress
INTERNAL CONTROL An internal control is a procedure or policy put in place by management to safeguard assets, promote accountability, increase efficiency, and stop fraudulent behaviour. In other words, an internal control is a process put in place to prevent employees from stealing assets or committing fraud. An internal control is … Read more INTERNAL CONTROL
FUNCTIONS OF MANAGEMENT : COORDINATION AND CONTROL COORDINATION “The Harmonization of activities of different work groups and departments.” Coordination is the orderly arrangement of individual and group efforts to provide unity of action in the pursuit of a common goal. All these departments must function in an integrated manner … Read more FUNCTIONS OF MANAGEMENT COORDINATION & CONTROL
FUNCTIONS OF MANAGEMENT – ORGANIZING Organizing is the process of identification and grouping of activities, assigning duties and delegating authority to the managers, allocating necessary resources and establishing coordination among individuals and department of an organization with a view to attain its objectives. PROCESS OF ORGANIZING : The process of … Read more Functions Of Management.Organizing (1)