Question

Describe management in preparation and management in action.​

Answer 1

management workss as an effective conduit for optimum allocation of financial resources in an economy. It helps in establishing a link between the savers and the investors. Financial system allows 'asset-liability transformation'.A

Answer 2

While preparation refers to being ready for a job, being in action refers to achieving it.

• As part of the management principle of preparation, individuals become ready for a finished product or for a positive experience.
• Every business exists to do a certain task. The management views this task as a means of achieving goals, and they endeavour to do so.
• Action management, however, focuses on putting a plan into motion and seeing that it is carried out.
• Knowing which activities and outcomes are crucial is the first step in using available resources to produce outcomes that are in line with the organization's objectives.

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