Short Answer Type

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The understanding of business environment helps the managers to identify 'threats'. What is meant by 'threats' here?


An organization is exposed to external environment, which is dynamic in nature. Threats are anything from an organization's external environment that can adversely affect its performance or achievement of goals.

 

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What is meant by principles of management?

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Your grandfather has retired as the Director of a manufacturing company. At which level of Management was he working? Different type of functions are performed at this level. State anyone function.

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What is important while analyzing deviations in controlling?

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State anyone principle of scientific management.

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Explain any two impacts of Government policy changes on Business and Industry. 

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What is meant by management? 

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'Business environment includes both 'specific and general forces.' List any four specific forces.

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Why it is said that 'controlling is a continuous activity'?

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Explain in one sentence how direction initiates action in management. 

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