Introduction to Management

Management provides leadership to a business enterprise and ensures that the productive resources are utilized effectively for production.

A central directing and controlling agency is indispensable because it ensures the effective utilization of the productive resources such as material, labour, and capital.

The meaning of management is the technique of extracting work from others in an integrated and coordinated manner for realizing specific objectives through the productive use of material resources.

<p>Management occupies such an important place in the modern world that the welfare of the people and the destiny of the country are very much influenced by it.</p> Signup and view all the answers

<p>Management is a vital aspect of the economic life of man because it involves the organized group activity and provides leadership to a business enterprise.</p> Signup and view all the answers

<p>Planning, organising, actuating, and controlling</p> Signup and view all the answers

<p>Management is a multipurpose organ that manages a business, managers, workers, and work.</p> Signup and view all the answers

<p>Management involves the creation and maintenance of an internal environment in an enterprise where individuals working together in groups can perform efficiently and effectively towards the attainment of group goals.</p> Signup and view all the answers

<p>Management consists of getting things done through others, and a manager is one who accomplishes the objectives by directing the efforts of others.</p> Signup and view all the answers

<p>The job of management is to make cooperative endeavor to function properly, and a manager is one who gets things done by working with people and other resources.</p> Signup and view all the answers