Business Studies, asked by BeingSSufwanM3298, 9 months ago

Manegment is concerned with ideas things and people comment on the stetment

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Answered by mariyam3170
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Answer:

Explanation:

Management involves judicious deployment of resources for the achievement of certain goals. It is concerned with ideas, things and people in the following ways:

Management of ideas: Management of ideas is very crucial for economic and social development. It is the job of management to generate, organise and articulate creative ideas and transform them into operating results. These ideas relate to new products, new markets, and improvements in existing products and markets.

Management of ideas is very relevant in the context of rapidly changing technologies, consumer preferences, product market configurations, social values and government involvement in business. Management of ideas involves intellectual, creative and innovative processes.

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