In today’s competitive and intricate business world, the concept of management holds immense significance. A business unit’s survival is dependent on efficient and purposeful management. Management is a comprehensive concept that encompasses all aspects of a business. Essentially, it involves utilizing available resources optimally to achieve well-defined objectives. This is a dynamic and distinct process that entails using different resources, such as men, money, materials, machines, methods, and markets, as inputs to attain specific objectives. The achievement of these objectives is the end result of an efficient management process. Management is the act of efficiently and effectively utilizing available resources to bring people together to accomplish desired goals and objectives. It includes planning, organizing, staffing, leading, coordinating, and controlling an organization or effort to achieve a specific goal. Resourcing involves developing and manipulating various resources, such as human, financial, technological, and natural resources.
For in-depth details, you can download the book, Principles of Management PDF given below.