MANAGEMENT

Management is said to be the process of doing things formally in a specified and organized manner by a group of people. This group of people accept the responsibilities in the organization to plan, organize, direct and control all the essential activities in the organization. The management co-ordinate and motivate others to do all the work in order to achieve the goals and objectives of the organization.

Management is an integral part of a technical as well as social process. Management is not an individual activity but is of group activities which is to achieve the organization’s goals and objectives. They follow specialized principles and can make plans, policies and decisions according to the situations. Management is purposeful and accomplished through group efforts including the working people.

Management involves creating an internal environment where the management puts various factors into use for production. So, it’s the management responsibility to create such conditions which are conducive to maximum efforts so that people are able to perform their task efficiently and effectively. Management must also ensure the availability of raw materials, determination of wages & salaries, formulation of rules & regulations, etc.

The management is intangible and can lead an organization to its peak and success with good discipline, good productivity, good profit, high returns, etc. Ineffective planning and scheduling of management and resources will definitely lead to major problems resulting in failure to provide the destined solution within the specified time.