Risk management is the process of identifying and controlling any potential threats to an organisation’s assets, resources and capital. It includes forecasting potential risks like financial uncertainties, strategic mangement errors, legal liabilities, accidents and natural disasters, and making certain provisions …
Management skills required to become an entrepreneur
Entrepreneurs are the individuals who have the courage to take several risks and single handedly operate their business. An entrepreneur is a leader, innovator, thinker and motivator for his team. However, it isn’t an easy task to be an entrepreneur. …
Four pillars of strategic management
In the present scenario, businesses operate in an ever changing environment that is full of unpredictable risks. So, in order to keep the business thriving, the managers are expected to create a number of powerful strategies. Strategic management thus necessitates …
Objectives of Management Practices
Management is an art of getting things done by the people, for the people and with the people. Just as the brain coordinates and regulates all the activities of a person, management streamlines and regulates the activities within an organisation. …
Inventory Management– The Most Important Concept To Be Followed In Retail Management
Inventory refers to the stocks that are stored for prospective use or selling. In the retail industry, it refers to the goods that may be under various stages of development or in storage before the selling process. It is the …
Four Important Roles of Finance Manager
Finance plays a key role in the overall growth of an organisation. The success or failure of any organisation primarily depends on the efficacy of its financial management. That is why every business, whether big or small, looks for an …