Question

“Management is the effective utilization of human and physical resources to achieve the enterprise objectives” Comment . ​

Answer 1

It is true that management is the effective utilization of all the resources.

Explanation:

1. Management refers to the process of formulating a strategy to ensure the effective utilization of human as well as physical resources.
2. Various functions of management such as planning, controlling, organising deals with management of physical resources.
3. In addition, the staffing function of management and controlling is directly related to the human resources of a firm.
4. Effective performance of the functions of management ensures that the objectives of a firm are achieved right in time.