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Characteristics of management: It is well organized. Getting things done in a desired manner. It concerns with the efforts of people working. It relates to decision-making. It is a process …

According to Henry  Fayol, management is to forecast, to plan, to organize, to command, to co-ordinate and to control. According to Taylor, management is knowing exactly what you want men …

Components of Business: Industry Types of business: Extract Industries: finishing, mining, fruit gathering etc. Manufacturing Industries: spinning, weaving meals, flour mills etc. Construction Industries Service Enterprise. Commerce The process of …

Requisite of a successful Business: Company objectives Planning Research Market Research Materials Research Product Research Equipment and process research Sound organization Proper location of the plant its layout and size …

Qualities of a successful businessman: Accuracy Time sense and foresight Alertness Honesty or business morality Ability to co-operate Consistency and dependability Initiative and capacity to make decisions Energy Personal Qualities.

Business Objectives: Economic: Satisfactory profits Creation of customers Innovation Social: Ample supply of quality goods Fair deal of workers Fair return to investors Fair dealings with suppliers of materials.

Business means work, efforts and acts of people which are connected with the production of wealth. Characteristics of Business: Production of goods Sale of goods Dealings in goods Regularity of …

Place of Industrial Engineering in an organization: Managing Director: General Manager (Marketing) General Manager (Finance) General Manager (Manufacturing) General Manager (Quality) General Manager (Personnel) General Manager (Manufacturing)  branches: Operating Manager …

Techniques of Industrial Engineering: The various tools and techniques of Industrial Engineering are – Method study Time study Motion economy Financial and non-financial inceptions Value analysis Production and planning control …

Activities of Industrial Engineering: Selection of process or methods Selection of tools Design of facilities Design of planning Develop a cost control system Development of time standards Development of job …