What is Management?
Management
is planning, supervising and ascertaining of the three most important
constituents of an organization called Man, Money, and Machine. Management carries on with harmonization of these very important
elements with minimum consumption of accessible resources towards maximization
of profits. Consequently, management is a word approximately expended for the
sake of assuring everything and anything within the organization. It is looked
up as the Human Idea being formulated by the Humans for the Human benefit.
The
fundamental concept behind Management is to be aware of the personality and
behavior of the people and the temperament of the organization, the money, and
the capital demanded and how they both are interlinked so that the capital is
handled professionally. As per the management’s people concept that has the
maximum priority as it is an indispensable constituent in every organization
and that only concentrated and devoted workforce can get together towards the
organizational goals and objectives. Management does not only have an
orientation to organizations or business performance but also has apprehension
with the personal life of the time management, money management, and material
management. Management instructs the effective consumption of minimum
accessible resources.
Objectives
1.
Management assists to obtain the precise path and right pronouncement at right
time.
2.
It contributes us with the extent, future and intention of dealing an organization
and the employees and that in the most effective manner.
3.
Management carries on well with handling and apt working of the process
activities inside an organization.
4.
This chiefly focuses on planning and calculation of every activity embarking on
from operation, presentation, management, a personnel team for administration
and to administer the operations effectively.
Areas of Management
· Business Law and Ethics: Under this field of study, it acquaints
pupils of the established laws and ethics in the industry as Law and Ethics are
predictable to run a highly regarded business.
· Financial Management: Financial management lets in planning for the future of a business
enterprise to pledge a hopeful cash flow. It incorporates the management and
persistence of the monetary assets. In addition to this, an economic management
comprehends the modus operandi of managing and distinguishing the risks.
· Human Resource Management: The key rationale of human resources
management is to hit a balance amid meeting the needs of employees and to see
as to what best serves up the market-driven needs at the part of an
organization. When found correct, the end result should be growth and affluence
for both the individual employees and the organization as a whole.
·International Management: The prime decisive factor of Managing
Information Technology is to preserve and administer all the technological
resources of the firm according to its prerequisite and priorities.
·
Managing Information Technology: The
prime decisive factor of Managing Information Technology is to preserve and
administer all the technological resources of the firm according to its
prerequisite and priorities.
· Marketing Management: It is a field of study that enabled its
pupils to be aware of an assortment of accomplishment and application
perceptivity’s in look upon to marketing techniques. In addition,
marketing management involves management of marketing resources and activities.
·Operations Management: Operations
management understood to be one of the core disciplines of management that let
in getting by and commanding on all of the foundation activities of an
organization. It is held accountable for the adaptation of materials and labour
into goods and services in the most competent manner so as to capitalize on the
profits.
· Project Management: Fundamentally, the Project Management
defines the Project Plan, determines the budget, sets deadlines, checks and
manages resources and also deals well with the project plan implementation.
· Strategic Management: It
deals with formulating, implementing, and assessing cross-functional decisions
in order to lend a hand to an organization grow up and accomplish the desired
goals.
· Supply Chain Management/Operations
Management: Supply chain management is the management of a network of
interrelated businesses drawn in the eventual stipulation of product and
service packages needed by end customers is a cross-function approach including
managing the movement of raw materials into an organization toward the
end-consumer.
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