The main strategic decisions may include the following:
i. Whether the company will continue the existing business? or
ii. Whether the company will combine some new products to the existing business? or
iii....
Principles of management help the managers in taking decisions based on the objective assessment of the situation, free of any bias and prejudice. Thus, they approach various problems scientifically, leading...
Lower level of management Main function of the lower level management are as follows
(i) Plans and executes day-to-day operations
(ii) Supervises and controls the workers
(iii) Arranges materials and...