FUNCTIONS OF
MANAGEMENT
FUNCTIONS OF
MANAGEMENT
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Industrial Economics and Management, Schemes and Mind Maps of Industrial economy
MICRO AND MACRO ECONOMICS AND ITS APPLICATIONS: Nature and Scope of Economic science: Micro – Macro Economics, Economic decisions and Technical decisions. Demand and Supply concepts: Types of Demand, Determinants of Demand and Supply, concept of Equilibrium, Elasticity of Demand, cost components, Concepts of ISO-Quant – Break Even Analysis – Market structure – Price of Product Nature of pricing in different types of competition Small Scale Industries – Role of SSI in Indian Economy. Macro Econom
Typology: Schemes and Mind Maps
2022/2023
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FUNCTIONS OF
MANAGEMENT
FUNCTIONS OF
MANAGEMENT
MANAGEMENT
Management is an executive function which actively directs human efforts to common goals.
MANAGEMENT
Management is an executive function which actively directs human efforts to common goals.
FORECASTINGFORECASTING
Forecasting is a necessary preliminary to planning. Forecasting estimates the future work or what should be done in future; may be as regards Sales or Production or any other aspect of business activities Forecasting is a necessary preliminary to planning. Forecasting estimates the future work or what should be done in future; may be as regards Sales or Production or any other aspect of business activities
PLANNINGPLANNING
Planning all aspects of production, selling, etc., are essential in order to minimize intangibles. Planning is a rational, economic, systematic way of making decisions today which will affect the future e.g., what will be done in future, who will do it and where it will be done. Planning all aspects of production, selling, etc., are essential in order to minimize intangibles. Planning is a rational, economic, systematic way of making decisions today which will affect the future e.g., what will be done in future, who will do it and where it will be done.
STAFFINGSTAFFING
Staffing is the process by which managers select, train, promote and retire their subordinates. Directing is the process by which actual performance of subordinates is guided towards common goals of the enterprise. Staffing is the process by which managers select, train, promote and retire their subordinates. Directing is the process by which actual performance of subordinates is guided towards common goals of the enterprise.
DIRECTING DIRECTING
COORDINATINGCOORDINATING
Coordinating means achieving harmony of individual effort towards the accomplishment of company objectives. Controlling is the process that measures current performance and guides it towards some predetermined goal. Decision making is the process by which a course of action is consciously chosen from available alternatives for the purpose of achieving desired results. Coordinating means achieving harmony of individual effort towards the accomplishment of company objectives. Controlling is the process that measures current performance and guides it towards some predetermined goal. Decision making is the process by which a course of action is consciously chosen from available alternatives for the purpose of achieving desired results.