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 [...]
Some of the most important features of management are: 1. Group Activity 2. Goal Oriented Process 3. Continuous Process 4. Dynamic Process 5. Integrating Force 6. Intangible Force 7. Universal 8. Human Focused Activity 9. Unrelated to Proprietorship 10. Involves Decision-Making 11. Strongly Integrates Organisational Resources 12. Multi-Disciplinary 13. Situational 14. Social Activity 15. General Process 16. Separate Existence 17. [...]