Some of the qualities of a successful and good entrepreneur are as follows: 1. Ability to Take Risk 2. Balancing Family and Business 3. Creativity and Innovations 4. Determination and Commitment 5. Enjoyment of Responsibilities. 6. Financial Risk Taker 7. Goal-Oriented Leadership 8. Honest and Trustworthy 9. Interpersonal Skill 10. Jealous of None 11. Know Your Industry 12. Learn from [...]
Control techniques can be studied under: A. Traditional Techniques B. Modern Techniques. Traditional techniques of controlling includes: 1. Budgetary Control 2. Standard Costing 3. Financial Ratio Analysis 4. Internal Audit 5. Statistical Control 6. Break-Even Point Analysis 7. Personal Observation 8. Financial Ratio Analysis 9. Internal Audit. Modern techniques of controlling includes: 1. Network Techniques (PERT and CPM) 2. Management [...]
Organizational culture refers to the shared values, shared beliefs and shared expectations of employees. The culture is passed from one generation to another generation of employees. Usually the corporate culture reflects the values of the founder and provides an identity to the employees, stability to the organization as a social system. It differentiates one organization from another and serves as [...]