Before we even think of answering the question and making our topic for discussion today it is very important that we start by defining the term budget. Most people use this term but do not really have a clear understanding of what it means. A budget is an estimate of the income and expenditure of …
No other research that I will do in the remaining weeks of the year to be as exciting as interrogating the four stages of the business cycle. What are the 4 stages of the business cycle? There is so much material around the business cycle as a phenomenon. I mean, I cannot keep this excitement …
The norm has always been managers defining and monitoring the functions of employees under their office but not many have taken time to interact with, and understand the functions of management in public administration. If you have happened to acquaint yourself with what a manager really does in this article. After reading this article, whether …
Organizations need a clear structural design and outline of their hierarchy to use as a roadmap for how it survives the vast global village. Functional organizational structure sets up a clear outline of its departments and they need to provide a well-defined process for project success. In business, there are different sizes and types of …
Every organization requires a strategy for it to operate it must follow these top 6 steps of strategy formulation and strategy formulation process. In order to come up with these strategies the process of strategic formulation is vital to the well-being of a company’s administration or organization. The organization should be keep in mind that …