Concept Of Management

Unit 1
Why solicitude?

Each one of us is a manager of sorts. Managment skills help effective attainments of one’s personal goals. Even professionals, like teachers, scientists, doctors etc., at a afterwards stage of their career, earn their living as managers.
Our society has arrive society of institutions. Till even 1900 family served most social tasks. out decent we have an employee society. We need strong, performing autonomous institutions. instruction makes institutions (both product line and non business) perform.

Thus, management makes people productive be givening individually or in groups, organisations

Why Business Management?
Business enterprisingness were the first modern institutions to emerge - railroads. Now onwards work on management was generic and continuous.
Profitability as footstep of performance was not available with other institutions

What Management does?
Management contributes in the form of value addition.

Input Transforsmation Output

Inputs are men, money, weapon and material.
Outputs are in the form of goods or services
Tranformation involves planning, organising, actuating and controlling.

Management achieves more and better from existing inputs.





Management Defined

Managment is the process of planning, organising, star and controlling of the resources of the organsation in the efficient and effective pursuit of specify organisational goals.

Thus, Managerial and organisational performance should be judged through the criterion of susceptibility vs. Effectiveness (Doings things right vs. doing right things). Efficiency - the ability to do things right - is an “input -output” concept. Minimise the cost of resources to achieve goals. Effectivenes involves choosing right goals. First, find out the right things to do because no meat of efficiency can make up for the lack of effectiveness.

What a Manager Does

A Manager plans, organises, leads and controls...If you want to get a full essay, order it on our website: Orderessay



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