Success of an organization largely depends upon its management Explain anyfive reasons to justify the statement.what do we have to write IMPORTANCE OR FEATUREof MANAGEMENT or something else to answer above question ?
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yes.To accomplish every work with a smooth and efficient manner one needs management to ease it and tackle it and move forward for its aim,rectifing its mistakes,learn more and more new ideas along the path to accomodate with its plan to achieve something.
similarly an organisation is also built with a motive of profit to earn and expand its business standard and provide quality product to its people to gain their trust and make its brand bringing new features,prompt analysis of requirment in the market,trying to fulfill the demamd etc.For doing all these a organization needs lands,properties,legal permission frm govt to establish organisation,capital,machines,human power,inventory control,forecast,selling strategy,market analysis,transportation etc.These all needs a strategy and management in different and various level and field.so,various management theories comes out due to industrialisation and market.
e.g-operation management,finance management,market management,human resource management,costing and accounting etc
similarly an organisation is also built with a motive of profit to earn and expand its business standard and provide quality product to its people to gain their trust and make its brand bringing new features,prompt analysis of requirment in the market,trying to fulfill the demamd etc.For doing all these a organization needs lands,properties,legal permission frm govt to establish organisation,capital,machines,human power,inventory control,forecast,selling strategy,market analysis,transportation etc.These all needs a strategy and management in different and various level and field.so,various management theories comes out due to industrialisation and market.
e.g-operation management,finance management,market management,human resource management,costing and accounting etc
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