Good management can lead to the success of a business entity.wth the aid of a field research analyze the viability of the functions of management
Answers
The functions of management are viable because –
A business firm cannot run without planning. This is done by good management.
Human financial and natural resources need to be organized for production which needs management skills.
With help of management skills, we can hire the right man for the right job.
Good management controls staff, resources and external conditions for the maximum benefit of the firm.
Good management can help in the success of the business entity and it can be proved by understanding the viability of the functions of the management which includes:
a) Understanding the needs of the employees and making decisions according to them.
b) Best admin functionalities to be cultivated within the organization so that the employees work in a neat chain to meet the goals.
c) Best staffing and recruitment activities to pick up the skilled labors so that the needs of the organization can be met.
TO KNOW MORE:
Difference between recruitment and staffing
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What is the need to give benefits to employees ?
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