The term 'management' has been used in different senses. Sometimes it refers to the process of planning, organizing, staffing, directing, coordinating and controlling; at other times it is used to describe as a function of managing people. It is also referred to as a body of knowledge, a practice and discipline. Management is principally a task of planning, co-ordinating, motivating and controlling the efforts of others towards a specific objective. The modern concept of management insists that all the functions and activities of managers must be directed towards the achievement of organisational goal and this goal should be the goal of every employee and must be considered as group or common goal. The six functional areas of business management involve strategy, marketing, finance, human resources, technology and equipment and operations. The presentation gives better understanding on the topic.

Saket Kumar

116 resources

0

1

0

Like