Side Navigation

IMPORTANCE OF MANAGEMENT

In the words of Koontz and O’ Donnel: “There is no more important area of human activity than management since its task is that of getting things done through others.” In other words, anything minus management amounts to nothing. Management has a greater importance in the growth of an organization. The below points further established

Read More

OBJECTIVES OF MANAGEMENT

The objectives of management can be broadly categorized in to three areas:  Organizational Objectives: The main objective of management is maximum result with minimum efforts. Includes economic objectives of the organization i.e. Survival, profit and growth. Survive for a longer period in the market. Earn adequate profit to meet the needs of its stakeholders. Continuous

Read More

NATURE OF MANAGEMENT

Goal oriented The success of an organization is evaluated by achievement of its predetermined goals. The role of management is to achieve those organizational goals. E.g., if the objective of an organization is to achieve 20 percent profits, the role of management is to choose the best course of action and motivate employees and organize

Read More

CONCEPTS OF MANAGEMENT

The core five concepts of management includes functional concept, human relation concept, leadership and decision making concept, productive concept and integration concept.  Functional Concept Manager performs various roles under different functional heads. According to functional concept, management is what a manager does viz. planning, executing, directing, controlling etc. Human relation concept According to this concept,

Read More

THE ROLE OF STRATEGIST

Strategists are individuals or groups who are primarily involved in the formulation, implementation and evaluation of strategy.  Strategists need to concentrate on three aspects of human intelligence like Intellectual Intelligence (IQ), Emotional Intelligence (EQ), and Spiritual Intelligence (SQ). They need to do research, analyse the given situation with the available information’s and comes out with

Read More