Namchi Designer Candles: A Success Story of Women Entrepreneurship

Management and Its Importance

• Management is a deliberate process that helps organisations achieve their goals, and it is essential for all types of organisations, regardless of size or purpose.
• The main objective of management is to guide the efforts of individuals towards achieving a common goal.

Functions of Management

• Management consists of a series of interrelated functions, including planning, organising, and communicating.
• These functions are performed by all managers, but the time spent on each function varies depending on the level of management.
• Top-level managers spend more time on planning and organising, while lower-level managers focus on other functions.

Definition of Management

• Management is a process of getting things done to achieve goals effectively and efficiently.
• Effectiveness refers to achieving goals, while efficiency refers to using the least amount of resources at a minimum cost.

Example of Management in Practice

• Smita, the owner of Namchi Designer Candles, is a manager who performs various functions, including planning, organising, and communicating, to achieve the goals of her organisation.
• Her daily activities include planning for special occasions, recruiting workers, communicating with suppliers, and meeting customers to gather feedback.

Management in Different Organisations

• Management is a common thread that runs through all organisations, including schools, hospitals, shops, and large corporations.
• Despite their differences, all organisations have management and managers working to achieve their goals.

Learn about the inspiring story of Namchi Designer Candles, a company that employs 100% women and produces unique candles, including Diwali-themed ones. Discover their success and achievements in Sikkim and beyond.