Nature and Concept of Management
Nature and Concept of Management
Nature and Concept of Management
controlling.
EFFECTIVENESS
EFFECTIVENESS
Is doing the
right thing
Is doing things right to avoid
wastes of input resources like
labor, raw materials, and
component parts.
FUNCTIONS
OF MANAGEMENT
Is deciding in advance what is to be done in the
future.
Planning is deciding in advance
what to do, how to do it, when
to do it, and who is to do it.
Planning bridges the gap from
where we are to where we want
to go. It makes it possible for
things to occur which would
not otherwise happen”.
To organize a business means to
provide it with everything useful to its
functioning –raw materials, tools,
capital, and personnel.