8 Benefits of Management Audit
Management audit attests the quality of the management in the similar fashion as financial audit attests the accuracy of the records and financial statements.
Archive | Advantages and Disadvantages
4 main Benefits of Internal Audit
Internal audit feeds the managers with a perennial source of information for exercising effective control. By measuring performance, evaluating results and recommending suggestions for remedial actions, internal audit may be instrumental for forcing events to conform to plans.
7 most important Benefits of Programme Evaluation and Review Technique
It can suitably be used for projects such as the establishment of a new department, the introduction of a new product, the conduct of research and development, the assembling of a large piece of machinery.
4 main Merits of Performance Budgeting
It helps the management to regulate its each and every activity according to predetermined standards of performance, targets and objectives.
6 important Advantages of written communication
It serves as evidence of events and proceedings.
5 important Disadvantages of Oral Communication
There is no formal record of transaction.
5 main Advantages of Oral Communication
It is direct, simple and least expensive form of communication.
7 Disadvantages of Participative or democratic leadership
The democratic leadership requires some favoruable conditions in that the labour must be literate, informed and organised. This is not always possible.
5 important Advantages of Participative or democratic leadership
Active participation in the management by labour assures rising productivity and satisfaction.
5 main Disadvantages of Autocratic or dictatorial leadership
One way communication without feedback leads to misunderstanding, and communications breakdown.