The span of management indicates the no. of people that report to a particular manager. Hence it states that there is a limit to the no.of subordinates a manager can effectively supervise, but the exact number will depend on certain factors.

Factors That Influence Effective Span of Management are as follows:

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Henry Fayol, a French industrialist, summarized the practice of management with fourteen principles.

1. Division of work: A high degree of specialization should result inefficiency. Both managerial and technical works are amenable to specialization.

2. Authority and responsibility: Henry Fayol finds authority and responsibility to be related, [...]

ABC of Business Strategy

A-    Always put top priority on strategic moves

Strategy means where we are , where we want to go, by what time and how will we do it.

. The strategic adversary is fascism… the fascism in us all, in our heads [...]

What is the difference ?

Management is an art of getting the things done from the people

Leadership is an act of influencing people to strive towards common goals

The difference is We, the people.

What are Management Graduates? Manager or Leader

Manager

Relies [...]

Biological and Physiological needs

Food, Clothing, Shelter, Sex, Sleep, Air, Food. These are the basic requirements as we say ‘ Roti, Kapda aur Makaan’. Any person will first fulfill these needs before trying to meet any other needs.

Safety needs

Safety is not an intellectual exercise [...]

We all have heard that, “Employees are assets of a company.” Every company claims to follow and understand this mantra. The function of HR is all about people- managing them, hiring them, etc. To carry out any function in a business, be it marketing, production, operations, you need people. HR brings the people [...]

Reliance Venture Capital
Reliance Venture Asset Management Limited

Introduction
It was incorporated in 2006, as Reliance Technology Ventures Ltd. On March 3, 2010, company changed its name from Reliance Technology Ventures Ltd to Reliance Venture Asset Management Ltd.
As the worlds of finance, technology, markets and people expand and converge, Reliance Group’s [...]

Matrix Partners is a US based private equity investment firm focusing on venture capital investments. The firm invests in seed and early stage companies in the United States and India, particularly in the software, communications, semiconductors, data storage, Internet or wireless sectors. Some of the top companies Matrix has been associated with include [...]

The crazy country of cricket fanatics – that is what will define India for the coming month. That is not to say that cricket fever will then subside, just normalize after its crescendo. During a time that everyone’s eyes are riveted to the television screen, and with the onset [...]

March 06, 2011

(CMP: Rs. 172.35)
Buy
Target Price: Rs 260
(nishit@managementfunda.com)
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Company Profile:

• Phoenix Mills Ltd. (PML) began operations as a textile manufacturing company in 1905, on 17.3 acres of land in Lower Parel, Mumbai.
• In 1987, the company entered Mumbai’s real estate market through development of [...]

The first part saw the changing facets of restaurant from 1980’s till now. Now let’s notice the other changes that have taken place. For e.g. the new trend of “Takeaway” & “Easy-to-Cook”.

Now-a-days the concept of takeaway has become catchier than the restaurants. Life in cities is fast moving, no [...]

Breaking News—IT raid at Priyanka Chopra’s house! This news was flashed day and night for almost 7days a few weeks ago. Every channel had some new insights to this raid. Shahid Kapoor opens Priyanka’s door for the IT raid. Could this mean Priyanka and Shahid are in a relationship?
How [...]

27th February, 2011                                                                                                                           (nishit@managementfunda.com)

Introduction:

• Gold & Silver prices have been going up for a while now. Gold has appreciated 29.3% from Rs 16,220 a year earlier to Rs 21,038 on Saturday. On Saturday, Silver closed at an all time high of [...]

What would the word “Restaurant” 1st bring to your mind? For a woman it’s a day off from the kitchen, for a family it’s an outing, for a bachelor it’s sometimes kind of a need to survive, for a couple it could be a place to spend time over [...]