Why is staffing considered an important function of management in all types of organisations? State any three reasons.
The staffing is considered as an important function of management as,
i) It helps in discovering and obtaining competent personnel for various jobs.
ii) It makes for higher performance, by putting right person on the right job.
iii) It ensures the continuous survival and growth of the enterprise through the succession planning for managers.
If we delegate the authority, we multiply it by two, if we decentralize it, we multiply it by many. In the light of this statement explain any four points of importance of decentralization.
What is meant by 'Budgetary Control' as a technique of controlling? State any three advantages of it.
'Internal sources of recruitment are better than external sources of recruitment.' Explain any five reasons in support of this statement.
What is meant by 'Functional Structure' of an organisation? State any five advantages of this form of organizational structure.