Management Guide

PRINCIPAL OF MANAGEMENT   Introduction- The systematic study of management as a distinct body of knowledge is only of recent origin.  However, since the practice of management has been in existence from several centuries, there are numerous ancient writings also available on the different aspects of management. Some of these works continue to serve as a reference for modern management thinkers. M anagement is a discipline that consists of a set of five general functions: planning, organizing, staffing, leading and controlling. Management is a dynamic force which makes the business work smoothly and profitability . The survival and success an organization largely depends upon the quality of Management . Managing well requires, a good knowledge of principal and practice of Management.  DEFINITION:- " Management is the art of getting things done through and with people informally organized groups. "  - Harold Koontz gave this definition  of management in his book "The Manag

HUMAN RESO URCE MANAGEMENT (HRM) T he term   HRM (Human resource management was popularized in the mid 1980's. HRM is the function within an organization that focuses on recruitment of , management of , and providing direct for the people who work in the organization. HRM stands for managing the employees of an organization .  HRM STANDS FOR:- H - People R -Asset for organization M -Coordination &control to achieve set goal  Human resource is a strategic application to management of an organization's most valuable asset . It is essential to building successful business around the world. In other word HRM is a process of putting right people to the right task thereby making maximum use of employee's talent & abilities to achieve the desired goals &objective. DEFINITION: " HRM is the part of management process which is primarily concerned with human constituents of an organization " -E.F.L. Breach "HR (human resource) or manpower management effecti