What is Management ?
Answers were Sorted based on User's Feedback
Answer / abhishek
Management is the art of doing things through others by the
systematic and scientific principles of Planning ,
organising,Directing,Staffing ,Controlling and Reorting.
| Is This Answer Correct ? | 34 Yes | 1 No |
Answer / preeti
Management is "POSTCORB"
P =stand for Planning ..
O stand for Organizing..
S stand for Staffing ..
T stand for Technic..
co stand for Co-ordination..
R stand for Recording ..
B stand for Budgeting
c also equal important
c= control ..
this all word's meaning joined together called management ..
ans at last i would like to say: it's art and as well as science ..and art of work done through people ...
that's called management ..
| Is This Answer Correct ? | 14 Yes | 2 No |
Answer / samiran mazumder
Management is the art of knowing what you want to do and
then seeing that it is done in the best and cheapest way.
It is a living branch of business which includes planning,
organising, staffung, coordinating and controlling.
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / salim
MANAGEMENT IS ONLY THE ART OF KNOWNING WHAT YOU WANT TO DO
AND IS THE LIVING BRANCH OF
PLANNING,ORGANISATION,STAFFING,COOPERATION AND CONTROLING.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / deepak kumar
To create an environment in which people work wholeheartedly with the purpose to achieve organisational goals.
| Is This Answer Correct ? | 0 Yes | 2 No |
Answer / rahul b khachane
Management is nothing but an Adjustment.
| Is This Answer Correct ? | 4 Yes | 17 No |
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6. NEED OF ONGOING MANAGEMENT CYCLE( Case Study ) Sidney Greenburg was appointed the position of the director of marketing for a small electronics component manufacturer. The company had its revenues growing at the rate of 20% each year and in 1982, they were at 30 million level The president felt that the growth of the company required serious planning efforts to determining strategies product emphasis and new product development. Mr. Greenburg realising the need to develop the marketing plan developed a suggested format to obtain inputs from his regional sales managers. The format to obtain divided into two parts (a) territory brief for established status of sales activities and (b) territory plan asked for identification of key goals, strategy & resources required to accomplish stated goals. Sales forecast by products was requested for 3 plan Yrs. Tom Rosenfield was the marketing manager for Europe He was previously in the engineering department & was assigned to Europe because of his technical& Foreign language capabilities. He replied to Mr.Greenburg as follows: “While I will complete the forms on the country brief& country plan promptly I have some conceptual problems with them time& time again we have been requested for projected figures I remember putting together a presentation for the Executive Vice-President (VP) & Treasurer last year. Great we educated those guys but what are the results of such formality? The projections have not yielded specific results, resources are used at a minimal level & we are not generating needed sales. So it is my contention that while goals projections& forecasts provide immeasurable guidance for a company with stable sales & developed product lines, for us a fledglings (young) industry, they distract from the job at hand. My plan has always been to hit the market- as hard I am able & I believe this should hold true for all other regional managers. We have large amounts of resources held up in ineffective’ marketing planning efforts such as these need to redirect these efforts to self rather than compile data. We need more people beating the pavement (action) rater than sitting on their desks developing plans& strategies (contemplation) Sell, sell, sell. Get the backing as big as possible. Planning is wasteful. Let us concentrate on aggressive sales & optimize sales volume at any cost. A. What has Mr.Greenburg not done to accomplish his planning tasks? B. Is Mr.Rosenfield right in making his comments in response to Mr. Greenburg’s request? C. Is Mr. Rosenfleld performing his management function. D. What would you do if you were Mr.Rosenfleld’s boss?
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