Podcast
Questions and Answers
What distinguishes E-Business from Traditional Business in terms of risk involved?
What distinguishes E-Business from Traditional Business in terms of risk involved?
What is a distinguishing factor between E-Business and Traditional Business regarding customer interaction?
What is a distinguishing factor between E-Business and Traditional Business regarding customer interaction?
What characterizes the area covered by E-Business compared to Traditional Business?
What characterizes the area covered by E-Business compared to Traditional Business?
Which statement accurately distinguishes between E-Commerce and E-Business in terms of meaning?
Which statement accurately distinguishes between E-Commerce and E-Business in terms of meaning?
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How do E-Business and Traditional Business differ in terms of physical inspection of goods before purchase?
How do E-Business and Traditional Business differ in terms of physical inspection of goods before purchase?
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Which aspect distinguishes between E-Business and Traditional Business regarding formation?
Which aspect distinguishes between E-Business and Traditional Business regarding formation?
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In terms of resource focus, how do E-Business and Traditional Business differ?
In terms of resource focus, how do E-Business and Traditional Business differ?
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What distinguishes the delivery of goods in E-Business from Traditional Business according to the provided text?
What distinguishes the delivery of goods in E-Business from Traditional Business according to the provided text?
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'Formation of E-Business is easy to form' compared to Traditional Business because:
'Formation of E-Business is easy to form' compared to Traditional Business because:
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Why does E-business lack face-to-face interaction with customers?
Why does E-business lack face-to-face interaction with customers?
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Study Notes
Management Functions
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Planning
- Involves deciding what to do, how, when, and by whom to achieve goals.
- Sets objectives and selects means to achieve these objectives.
- Considers both internal and external factors.
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Organizing
- Defines and groups activities within an organization to allocate resources effectively.
- Follows planning and sets the framework for executing tasks.
- Takes into account both internal and external factors for arranging resources.
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Staffing
- Focuses on recruitment, selection, training, and development of employees.
- Aims to appoint the right people for the right positions at the right time.
- Primarily concerned with internal organizational factors.
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Directing
- Involves instructing, guiding, inspiring, and motivating employees to reach goals.
- Ensures tasks are executed correctly and subordinates are directed efficiently.
- Relies on internal human resources for effective task completion.
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Coordinating
- Establishes harmony among various activities toward achieving organizational goals.
- Important for ensuring smooth functioning and cooperation among different departments.
- Involves consideration of both internal dynamics and external interactions.
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Controlling
- Monitors progress and ensures objectives are met according to plans.
- Involves corrective actions based on internal and external factors.
- Relevant across all organizational types, be it profit or non-profit.
Levels of Management
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Top Management
- Primarily responsible for planning activities.
- Involved in high-level organizing and staffing functions.
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Middle Management
- Engaged in organizing and directing functions.
- Plays a key role in staffing and coordinating efforts.
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All Levels of Management
- Participate in coordinating functions.
- Top and middle management focus on controlling organizational activities.
Consumer Dispute Redressal Commissions
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District Forum
- Operates at the district level.
- Established by the State Government to address consumer disputes.
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State Commission
- Functions at the State level.
- Also established by the State Government for resolving consumer grievances.
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National Commission
- Operates at the national level.
- Handles consumer disputes on a broader scale, overseeing the overall consumer rights protection framework.
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Description
Test your knowledge on the definitions and key differences between the management functions of planning, organizing, staffing, directing, coordinating, and controlling in organizations.
