Making decisions has been identified as one of the primary responsibilities of any manager. Decisions may involve allocating resources, appointing people, investing capital or introducing new products. Decision-making is at the core of all planned activities. Decision-making is a process of selection from a set of alternative courses of action which is thought to fulfill …
Decision-Making: Concept, Process and Techniques Read More »
The cost of capital is the cost of a company’s funds (both debt and equity). In words of Solomon Erza “The cost of capital is the minimum required rate of earnings or the cut-off rate of expenditure”. From Investor’s point of view, it is the rate of return, that must be received by the firm on its investment projects, to attract …
Management is described as the process of planning, organising, directing and controlling the efforts of organisational members and of using organisational resources to achieve specific goals. Different experts have classified functions of management. Henry Fayol distinguishes between the principles and elements of management. Principles are the rules and guidelines, while elements are the functions of management. …
Functions of Management: Planning, Organising, Staffing, Directing, Controlling Read More »
Leadership is often regarded as the important modifier of organisational behaviour. The success of an organisation depends much on the quality of a leader and thus a strong leadership can contribute to the overall effectiveness of the organisation. Effective leadership is based upon ideas, but will not happen unless those ideas can be communicated to others …
For optimal financial decisions, it is essential to define objectives of financial management. These objectives serve as decision-criterion. Financing is a functional area of business and, therefore, the objectives of financial management must be in tune with the overall objectives of the business. The main objectives of business are survival and growth. In order to …
