How should objectives be chosen and established? How can objectives be used profitably by management? We are all faintly amused by the aptness of the old quotation, “Having lost sight of our ...

Profit maximisation is a variation of the profit objective. This is when an organisation aims to make as much profit as possible. They do this by finding the right balance between their selling ...

A universal concept needed in every organisation, whether a business or a non-business entity such as a hospital or school, is management. An organisation’s success relies on the effective functioning ...