MANAGEMENT IS A FORCE WHICH IS CONSIDERED RESPONSIBLE FOR THE SUCCESS OR FAILURE OF EVERY BUSINESS ORGANIZATION.THIS STATEMENT SHOWS THAT THE ROLE OF MANAGEMENT IN A BUSINESS ORGANIZATION IS TO CONTROL, DIRECT AND OBSERVE THE BUSINESS AFFAIRS OR OPERATIONS.
ONE MAN CONTROL (SOLE TRADER SHIP) IS THE SIMPLEST FORM OF BUSINESS ORGANIZATION, OWNED AND MANAGED BY ONE PERSON. ONE MAN CONTROL BUSINESS DOES NOT MEAN THAT ALL THE BUSINESS ACTIVITIES LIKE PURCHASE, PRODUCTION, MARKETING, ADMINISTRATION AND SALE ARE PERFORMED BY ONE PERSON. THERE MAY BE MORE PERSONS (WORKING AS EMPLOYEES) INVOLVED IN THE BUSINESS BUT THEY WORK ONLY FOR ONE,S OWN PROFIT.
No comments:
Post a Comment