Co-ordination Coordination Co-ordination literally means co-ordination, that is, co-ordination of various activities of an organization is called coordination. In the context of a business venture, co-ordination means balancing the various activities of the business (purchasing, selling, production, finance, securitization etc.) so as to achieve the business objective easily. If you look at all the three … Read more

Management Level Major functions of high-level management: – Under this the CEO, Chief Operating Officer, Board of Directors etc. come. Their main objectives are to determine, to frame plans and policies, and to direct and lead the efforts of others, to collect finance and accountability of the impact of business activities on society. Major functions … Read more

Nature of Management Nature of Management Nature of ManagementManagement is science or art or profession. Some scholars call management as art, because the manager is concerned with the practical use of knowledge and skills. While some scholars consider it to be science because it represents the principles properly examined. Some even consider it a profession. … Read more

Importance of Management Importance of Management Achievement of collective goals: – Management builds team spirit and coordination among the group’s employees, so that institutional goals can be achieved.  Increased efficiency: – Management efficiency increases. Through this, proper utilization of resources is possible, which reduces costs and increases productivity. Creating a dynamic organization: – Management makes … Read more

Management Objectives Management Objectives :- 1. Organizational purpose 2. Social purpose 3. Personal Objectives  1. Organizational purpose – This means using the available human and material resources in the organization in the interest of all the beneficiaries. (i) To live positively by management related to various professional activities. Decisions should be taken to ensure that … Read more

Management Tasks Management Tasks (i) Neogen – “To decide in advance what to do, how to do it and by whom it will be done. (ii) Organization – Organizing activities Establishing the structure of the organization for execution of plans. It is meant to adjust the Maitraipuran in various parts to achieve collective objectives. (iii) … Read more