LIVE MANAGEMENT EDUCATION

Controlling is the last and very important function of Manager because it gives an opportunity to find out deviation between actual performance and standard performance and make policy,programme to remove deviation and achieved goal. *Definition- There are many scholars define Controlling by a number of ways.Some ways are as below-     * According to koontz o Donnel- Controlling is the measurement and correction of performance activities of sub ordinates in order to make sure that the enterprise objectives and plans desired to obtain them as being accomplished.     * According to Thew Hairmann- Controlling is the process of checking whether or not proper progress is being made towards the objectives and goals and acting if necessary to correct any deviation.     * According to Dale Henning- Controlling is the process of bringing about conformity of performance with planned action.     * According to Me- Controlling is the process of compairing act...

We know that Management is the process of setting objectives of organization and organize ,measure ,motivate ,communicate develop people in such type of way that predefined objectives get at any cost . The purpose of Management is to plan organize ,staff ,direct and control our resource in such type of way that the function of business perform effective efficient way The main purpose of Management is as below. 1 .To forecast market -It is the first purpose of Management.Market is full of risk and uncertainty Management forecasts  market and make policy ,program ,plan to minimize risk and uncertainty of market. 2 .Setting objective -Every organization has many objectives.Which objectives is achieved in which year it is decided by Management . 3 .Optimum utilization of resource-Every organization has limited resource where as they have to perform maximum function so the purpose of Management is to optimum utilization of resource. 4 .Optimum   production -Production is the f...

The Role of Manager is very complex in 21st century globalized economy age because today economy is full of competition. It is very difficult to manage many thousand people inside/outside the organization. The main role of Manager is as below. 1. Interpersonal- It is the first role of Manager. Under this role he is figure head, leader and liaison of organization.   A. Figure head- He is the face of organization. He meets all people who come to organization for any purposeful work. He signs legal documents of organization.  B. Leadership- All managers also perform leadership role. They inspire, influence, motivate, guide, support human resource forces towards positive direction and acquire their talent, knowledge, skill, wisdom, to achieve their predefined goal.   C. Liaison- He is also performing a liaisoning role. He talks distribution channels head and gets the feedback of customers and consumers. They also coordinate the activities among subordinates. 2. Informational ...

Today Management is the back bone of every Organisation The performance of Organization depends on The quality of Management. If Management is qualify any new Venture\ Starts up Success in world economy.whereas if Management is not qualify any large scale company insolvence in market.  Qualify Management.  Ex. Paytm. Olacabs Make My Trip, Shopclues, Zomato.Red Bus Fresh Food. There are a number of scholars entrepreneurs industrialist define the function of Management a number of ways. According to our opinion the basic function of Management is as below  1. Planning It is the First Function of Management  It   Consists Policies Programmes Procedures etc. It is an advance action that Will Implement According  to need of organization  to perform to Function like Production Supply by effective efficient Way. 2.organizing -it is the second function of Management .It established forms. structure of authority and responsibility of organization .It divides fu...

The scope of Management is very wide. It plays an important role for the development of person, family, society, state, nation, common man and so on. Besides above it also develops economy and its a concern function like Production, Supply, Project, Fishing, Dairy, Manufacturing industry, Banking, insurance, Hospital, Tourism and so on. Management is directly belongs to business. It makes business and its concern function like Production, Demand forecasting, Supplying, Pricing, Advertising, Ware housing, Communicating, Trading, Distributing, Financing more effective, efficient, economical. 1. Production-  Production is the first and main function of business. Production is the process of changing raw materials into finished Production of continuous basis. Management makes Production more effective and efficient. 2.  Demand Forecasting- It is the systematic and scientific estimation of customers consumers in coming months, years, decades, and so on. There are a number of techni...

There are several experts scholars authors define Management in several ways some areas below. 1. According to Lawrence A Appley Management is the development of people and not the direction of things. 2. According to Joseph Massie Management is defined as the process by which a cooperative group directs action towards a common goal. 3. According to George R Terry Management is a distinct process consisting of planning, organizing, actuating, and controlling performed to determine and accomplish the objectives by the use of people and resources. 4. According to James L Lundy Management is principally the task of planning, coordinating motivating, and controlling the efforts of others towards a specific objective. 5. According to Henry Fayol To manage is to forecast and to plan, to organize, to command, to co-ordinate, and to control. 6. According to Peter F Drucker Management is a multi-purpose organ that manages a business and manages managers and manages workers and work. 7. Accordin...

There are several characteristics of Management. These characteristics are as below. 1. Universal- It is the first characteristic of Management..B usiness is a universal function. It presents every corner of the world and Management makes business more effective so it presents every place where business performs its function. 2. Goal-oriented- There are several goals of Management. These goals may be proper utilization of men, women, money, machines, materials, method, market and so on so Management is a goal-oriented activity. 3. Continuous activities- Today is the 21st century. it is a globalized economy age. in this age, business works 24*7 form. Management is directly linked with business. The business works 24*7 forms. In this way, we may say that Management is a continuous activity. 4. Goal activity- There are several functions, sub-functions, activities we perform in Management. These functions are PLANNING, ORGANISING, STAFFING, DIRECTING, CONTROLLING, and planning many activit...