Entrepreneurial Organisation | Meaning, Characteristics, Environment, Advantages & Disadvantages

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What is Entrepreneurial Organisation ? An entity involved in practicing intrapreneurship of corporate entrepreneurship is known as Entrepreneurial Organisation (EO). Corporate entrepreneurship here can be understood as an entrepreneurial approach and behavior of an organisation. This entrepreneurial approach includes dedication of organisation to follow latest prospects, designing new divisions and business ideas; to come up … Read more

Project Control | Meaning, Objectives, Features, Types, Process, Issues, Approaches & Accounting System

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What is Project Control ? The term control has several meanings. Those new to project management are initially dismayed by the use of the term “control”, because they mistakenly equate it with the concept of authority. In the world of project management, control has very little to do with telling people what to do, dictating … Read more

Fund Accounting in Non-Profit Organizations | Objectives & Types

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✏ Table of Content : What is Fund Accounting in Non-Profit Organizations ? Objectives of Accounting for Non Profit Organizations Features of Fund Accounting Types of Funds for Non Profit Organizations Financial Statement of Non Profit Organizations  What is Fund Accounting in Non-Profit Organization? Government and non profit organizations are required to organize their accounting … Read more

Entrepreneurial Venture | Meaning, Stages, Advantages, Disadvantages & Requirement

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What is Entrepreneurial Venture ? An entrepreneurial venture is simply referred to the establishment of a new commercial business, social business or other such form of businesses. These ventures can also be termed as a ‘new venture’ or ‘new enterprise’. Entrepreneurs play a big role in the creation of a new venture due to their … Read more

What is Entrepreneurial Process ? | Meaning & 4 Stages in Entrepreneurial Process

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✏ Table of Content : Meaning of Entrepreneurial Process Steps in Entrepreneurial Process Deciding to Become an Entrepreneur Developing Successful Business Ideas Moving from an Idea to an Entrepreneurial Firm Managing and Growing the Enterprise What is Entrepreneurial Process ? Entrepreneurial process or new venture formation process consists of all the activities, functions and actions … Read more

Entrepreneurial Competencies | Definition, Competency Requirement for Entrepreneurs & Developing Competencies

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What is Entrepreneurial Competencies ? The term “competency” can be defined in a number of ways. These definitions are governed by specific hind of tasks carried out by the individuals under varying situations. Various traits like skills, knowledge, abilities, and similar characteristics together constitute to components of competency which are elementary for the success and effectiveness … Read more

What is Entrepreneurial Skills ? | Meaning & Most Important Entrepreneurial Skills

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What is Entrepreneurial Skills ? A wide variety of skills are essential for an entrepreneur to establish and successfully function in business. These skills comprise of workplace skills which are necessary for employees and further skills that indicate the other demands of managing a business. Although, possessing some of these skills is actually not quite … Read more

What is Entrepreneurship ? | Meaning, Definition, Features, Role & Barriers

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What is Entrepreneurship ? Performing the activities of an entrepreneur is called as entrepreneurship. It is a French word, which means “to undertake”. In this, all the available resources like innovative ideas, capital, labour, and business intelligence are utilized in effective manner to produce innovative products and services. It may also involve creation of new … Read more

Audit Function As A Performance Measurement Tool

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Audit Function As A Performance Measurement Tool Management controls, auditing, and evaluation are processes and mechanisms that are designed to assure that budgeting is linked to the real world of program operations. Without these links, there would be considerable risk that decisions would be based on flawed information, that resources are mismanaged, and that the decisions would … Read more

Entrepreneur | Definition, Characteristics, Types, Qualities, Role, Scope & Advantages

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What is Entrepreneur ? An entrepreneur is a rare person who can visualize and materialize water in in the desert. His foresightedness, vision, motivation, persistent efforts, the ability to presume the risks involved and their outcomes, and the thrust to achieve the desired goal. facilitate him to convert his ideas into reality. The water in the desert … Read more