Day: January 17, 2022

INTRODUCTION: It’s a manager sets targets and objectives and measures to find out how far they have been achieved. Its meant to find out whether there are deviations so that a corrective action is taken to ensure everything is on Read More …

RESPONSIBILITIES AS A CFA INSTITUTE MEMBER OR CFA CANDIDATE Standard VII(A) covers the conduct of CFA Institute members and candidates involved with the CFA Program and prohibits any conduct that undermines the public’s confidence that the CFA charter represents a Read More …

Priority of Transactions in Ethical and professional standards Standard VI(B) reinforces the responsibility of members and candidates to give the interests of their clients and employers priority over their personal financial interests. This standard is designed to prevent any potential Read More …

This is where departments contribute few workers who are relocated far away from the office to the site where the project is taking place until it is completed. It is common in NGO’s and project related organizations. The project manager Read More …

Organizing is a process of identifying the overall tasks and responsibilities to be performed in an organization and then put together those that are similar to form a department. Therefore, an organisational structure refers to the forms of departments. PRINCIPLES Read More …

PLANNING It’s the basic process by which we use to see our goals and determine the means to achieve them. It bridges between where we are and where we want to go. It involves setting missions, objectives and actions to Read More …

It was formulated by Marx Weber, who was reacting to the abuses of power by those in managerial positions. He had interest in better management practices, and stressed that there is need for a strictly defined hierarchy of management, governed Read More …

It was formulated by H. Fayol, who said that managers who follow general principles of management and good management practices achieve the highest productivity. Principles of Management 1. Principle of division of labour According to it, when division of labor Read More …

It was founded by Fredrick Taylor and it puts emphasis on scientific thinking where managers MUST give justification for decision making. The aim of the theory was to change the attitude of the employees and the managers towards one another Read More …

An approach is a school of thought where the members share in a common belief. CLASSICAL APPROACH (managing work and organization) It was the first attempt to study modern management when managers were seeking answers to the basic and practical Read More …