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Chapter: 12th Commerce : Chapter 1 : Management Process : Principles of Management

Principles of Management

Management is part and parcel of our day to day life.

MANAGEMENT PROCESS

PRINCIPLES OF MANAGEMENT


Management is part and parcel of our day to day life. The practice of management could be found in our entire endeavour whether we are in a play ground or library or class room or hostel and so on wherein we plan many of our actions and execute them in a systematic manner to arrive at the desired results. So management is goal oriented and it is an art of getting things done with and through others. The practice of management helps to achieve the organizational mission and determines the future of the business enterprises. In a way the success or otherwise of an organization or an individual is more decided by the way they manage their functions, duties and responsibilities. So it goes without saying that management is all the more important in organizational life in any part of the world. It is a global and universal concept.

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