Category: General

Rights of Partner in Partnership

Post author By Hemant More
Post date August 9, 2019
No Comments on Rights of Partner in Partnership

Management > General Management > Forms of Business Organizations > Rights of Partners Partners can determine their mutual rights and duties by a contract called a partnership deed. The partnership deed determines aspects of general administration, distribution of work among partners, the extent of share in profits, etc. Such a deed can be expressly made […]

Tags Right to be Consulted, Right to get interest on advnaces, Right to Get Interest on Capital, Right to get remuneration, Right to Inspect Books of Accounts, Right to Oppose Entry of New Partner, Right to participate in business, Right to retire, Right to Share Profit

General

Types of Cooperative Societies

Post author By Hemant More
Post date August 8, 2019
7 Comments on Types of Cooperative Societies

Management > General Management > Forms of Business Organizations > Types of Cooperative Societies The cooperative societies are classified on the basis of the nature of their operations. The types of cooperative societies are as follows: Consumer’s Cooperative Societies: They are the oldest form of cooperatives. The consumer cooperative societies are formed to protect the […]

Tags Consumer’s Cooperative Societies, Cooperative Housing Societies, Credit Cooperative Societies, Farmer's Cooperative Societies, Marketing Cooperative Societies, Producer's Cooperative Societies

General

Cooperative Society

Management > General Management > Forms of Business Organizations > Cooperative Society Cooperation is the process of groups of individuals working or acting together for common, mutual, or some underlying benefit or purpose, as opposed to working in competition for selfish benefit. The cooperative society is a voluntary association of persons, who join together with the […]

Tags Advantages of Cooperative Society, Charcteristics of Cooperative Society, Demerits of Cooperative Society, Disadvantages of Cooperative Society, Features of Cooperative Society, Merits of Cooperative Society

General

Types of Partnership

Management > General Management > Forms of Business Organizations > Types of Partnerships Types of Partnership on the Basis of Duration: On the basis of the duration of the partnership, the types of partnership are a partnership at will, a partnership for a fixed term, and a particular partnership. Partnership at will: If a partnership […]

Tags General Partnership, Limited Liability Partnership, Limited Partnership, Particular Partnership, Partnership at will, Partnership for fixed term

General

Partnership

Management > General Management > Forms of Business Organizations > Partnership The sole proprietorship form of the organization suffers from certain limitations such as limited resources, limited skill, and unlimited liability. To expand business more capital, more time and managerial skills are required. There may involve more risk. This disadvantage of sole proprietorship call for more […]

Tags Advantages of Partnership, Characteristics of Partnership, Demerits of Partnership, Disadvantages of Partnership, Features of Partnership, Mertits of Partnership, Partner

General

Types of Partners

Management > General Management > Forms of Business Organizations > Types of Partners The Indian Partnership Act, 1932 defines partnership as “the relation between persons who have agreed to share the profit of the business carried on by all or any one of them acting for all.” In partnership, two or more people work together […]

Tags Active Partner, Dormant Partner, ManagingPartner, Minor Partner, OutgoingPartner, Partner by estopel, Partner by holding out

General

Joint Hindu Family Business (HUF)

Post author By Hemant More
Post date August 6, 2019
1 Comment on Joint Hindu Family Business (HUF)

Management > General Management > Forms of Business Organizations > Joint Hindu Family Business (HUF) When starting a business or is interested in expanding an existing one, an important decision relates to the choice of the form of organization. By weighing the advantages and disadvantages of each form of organization, the most appropriate form is […]

Tags Dayabhaga, Karta, Mitakashara, Mitakshara

General

Sole Proprietorship

Management > General Management > Forms of Business Organizations > Sole Proprietorship When starting a business or is interested in expanding an existing one, an important decision relates to the choice of the form of organization. By weighing the advantages and disadvantages of each form of organization, the most appropriate form is determined. The decision […]

Tags Advantages of Sole Proprietorship, Characteristics of Sole Proprietorship, Demerits of Sole Proprietorship, Disadvantages of Sole Proprietorship, Features of Sole Proprietorship, Merits of Sole Proprietorship

General

Management in Different Perspectives

Post author By Hemant More
Post date March 10, 2019
2 Comments on Management in Different Perspectives

Management as a Process: The process is a series of inter-related functions. George R. Terry defines it as a distinct process consisting of planning, organizing, actuating and controlling performed to achieve stated objectives. In this perspective, management is creation, operation, and direction of the organization through systematic, coordinated and cooperated efforts of human and machine […]

Tags Activity, Art, Discipline, Function, Process, Science, Team

General

Management – Perspective, Objectives and Effectiveness

Post author By Hemant More
Post date March 10, 2019
1 Comment on Management – Perspective, Objectives and Effectiveness

What is management? The core meaning of management is the act of managing human, technical and financial resources. The person who performs these tasks is called the manager, It can be considered as an organized group (team) effort to achieve the set goals and targets of the organization. The various other definitions are as follows […]

Tags All pervasive, Corporate image, Dynamic function, Goal-oriented, Harold oontz, Henry Fayol, Mary Cushing Nile, Multidimensional, Peter Drucker, Process