Month: January 2022

Differences between Personnel Management and Human Resource Management A debate about the differences, between HRM and personnel management went on for some time but has died down recently, especially as the terms HRM and HR are now in general use Read More …

The Planning Process There are no specific processes in planning.  However, planning is not a random process but one that generally follows certain steps. These steps may vary from one organization to another; Identification of opportunities Settings objectives. Here the Read More …

Types of Plans Strategic Plans Tactical Plans Operational Plans Contingency plans Strategic Plans This is a plan that covers the entire organization as a single business portfolio.  This is a broad plan developed by top-level managers to give an organization Read More …

PLANNING A plan – This refers to a predetermined course of action for achieving objectives. It’s a frame work that details the methods and tasks that are to be implemented in order to achieve organizational goals. Plans may be tailored Read More …

This is an arrangement whereby a company which owns some assets arranges to sell the same assets and at the same time agrees with the buyer to lease the same asset back at an agreed rental charge. This type of Read More …

This finance is obtained by companies by which purchase goods on credit and pay for such goods later. This “kind” and is available to companies which can pay bills on time as and when they fall due. It the largest Read More …

Debenture has its origin in the latin word Deboe which means “ I owe” it is a document that is evidence of a debt which is long term in nature, and confirms that the company has borrowed a specific sum Read More …

This acts as a source of finance in such as the company holding; such debtors can discount them with a bank and obtain immediate finance. They can be used as security for loans in particular overdrafts. The company can continue Read More …

Bills of exchange. As a source of finance, bills of exchange can be:- discounted endorsed given as securities for loans The commonest type of bills of exchange. Accommodation type of bills of exchange is that type where two parties A Read More …

The entrepreneur may obtain finance from the following main sources. Debt financing Equity financing External and internal sources. Debt financing requires a borrowing system and the entrepreneur is bound to pay back the funds borrowed together with interest payable. Debt Read More …