Category: Business

Section 41 of the Specific Relief Act, 1963 Provides that: 1. Alternative remedy: An injunction, which is a discretionary equitable relief, cannot be granted when an equally efficacious relief is obtain­able in any other usual mode or proceeding except in cases of breach of trust. Image Source: thestudentlawyer.com ADVERTISEMENTS: This consideration also has a bearing upon the question whether a prima facie case exists for the grant of an interim injunction. 2. Court immediately below—Meaning of: The expression “Court im­mediately below” occurring in Article 133 (1) of the Constitution does not mean “Court subordinate”. 3. Equitable principle: Mow access to Court in search of justice ac­cording to law is the right of a person who complains of infringement of his legally protected interest and a fortiori therefore, no other Court…

Read this Essay on “Strategic Planning” (413 Words)!Strategic planning, as defined in Chapter 6, is the process of planning as to how to achieve the organizational goals with the available resources and is undertaken by the central management of the organization. Strategic planning is necessary and important for the following reasons: Image Source: brandadventure.co.uk ADVERTISEMENTS: First, there are a large number of external variables whose values do not remain constant that affect the operations of the organization. These variables include changing international environment, political and governmental policies and forces, economic trends, social dynamism and so on. Strategic plans must have provisions to cope with these changing situations.Second, all natural resources are becoming scarce. The management must decide on how to compete for these resources and how to allocate and utilize…

Series of conceptual techniques to assist top management!During the 1960s and 1970s a number of management consulting companies developed a series of conceptual techniques to assist top management of diversified corporations to evaluate each of the corporation’s various businesses with respect to the market place and internal resources and thus better manage their portfolio of businesses. Image Source: coe.alasu.edu ADVERTISEMENTS: When all business units have been evaluated, an appropriate strategic role for each unit is developed and each role is integrated into an overall strategic policy for the entire organization.One of the best known examples of the portfolio strategy is the “portfolia frame work” or BCG Matrix, advocated by Boston Consulting Group. This matrix compares various businesses in an organization’s portfolio on the basis of relative market share and market…

Essay on Communication (650 Words)!Communication is considered to be the most important ingredient of the management process. Interpersonal and two way communication is fundamental to all managerial activities. Image Source: fra.europa.eu ADVERTISEMENTS: All other management functions involve communication in some forms of directions and feedback. Effective management is a function of effective communication. Many operations have failed because of inadequate communication, misunderstood messages and unclear instructions.Communication skills can make or break a career or an organization. Studies conducted by Gary Benson, through a survey questionnaire sent to personnel managers of 175 of the largest companies in Western States in America indicated that written and oral communication skills are critical not only in obtaining a job but also in performing effectively on the job. The questionnaire contained some questions regarding the…