Best Commerce Notes For Revision

Staffing . . .. .   Short & Easy Notes for B oard Exam #1. What do you mean by staffing? What are used characteristics? > starting is a process involved in identifying, selection, training, assessing, placing, evaluating and developing individuals at work. In other words, staffing is concerned with developing and maintaining a sufficient number of managerial employees and other employees for the functioning of the organisation. Following are its characteristics; Continuous function-  staffing is a continuous process. Needs of staffing not only at its Inception but also in future. Hiring of personnel and their training and development have to be arranged at regular interval. Related to human resources- Staffng is related to the development and maintenance human resources. Manager have to apply human behaviour while dealing with employees matter. A pervasive function- it is a pervasive function as it performed by all managers throughout the organisat...

 Organizing . . .. .   Short & Easy Notes for B oard Exam #1. What do you mean by organising? > It is a group of people contributing their efforts toward the attainment of common goal. It is a process of identifying and grouping the work to be done and fix the authority, accountability, responsibility and duty to achieve the goal. It enables the people to work efficiently. #2. Write the characteristics or features of organising. Group of individuals-  organising comes into existence when a group of people combine their efforts and willingly contribute to achieve a common goal. Common purpose-  every organising comes into existence on the basis of goal of the Enterprise. Chain of command-  the superior and subordinate relationship established in an organisation is based on authority, which flows from higher level to lower level of management. Division of work-  organising involves division of total worked into various activities an...

 Planning . . .. .   Short & Easy Notes for B oard Exam #1. What do you mean by Planning? > Planning is the process  of thinking before doing. It involves determination of goals as well as activities to be undertaken to achieve the goals. More specifically planning consist of deciding in advance. It decides beforehand, what is to be done, how is to be done, where is to be done, when is to be done, by whom is to be done. #2. Write the characteristics of good planning. Sitting clear cut objective-  the existence of clear cut objectives is necessary for efficient and effective planning. Objectives should not only be understandable but also rational. Economical-  the planner must undertakes cost benefit analysis to ensure that the benefits of planning are more than the cost involved in it. Flexibility-   some elements of flexibility must be introduced in Planning because modern business operates in an environment which keeps on changing. Dynami...