Management is a broad area of study and it is generally an academic stream related to graduation and post graduation level. Management is actually a process where things, resources or people are controlled so that best possible results can be achieved. If you are a management student then you will surely agree with the fact that it is a highly diversified educational stream. At many times you will feel that somebody should help with my management homework.
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Management basically means administering the activities of an organization. Management is not just restricted to business entities but is also done in government organizations and nonprofit organizations. Without proper management everything will come to a standstill and an enterprise would suffer losses.
Management is surely a diversified branch. There are many aspects in it like human resource management, financial management, marketing management, production level management, technological management etc. Generally you will notice that in an organization there are various departments that are managing the specific activities allotted to them. The top management of the company keeps an eye on all such activities and sees that everything is done in a coordinated manner.
Thus management covers all the things like setting strategies, allocating resources, setting objectives and goals, designing a control mechanism, taking corrective actions etc. Management is related to commerce discipline and its real world feasibility is absolutely phenomenal. Companies always look for those students that hold mastery in this field.
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There are lots of topics that are covered in the domain of management like business level strategies, competitor analysis, consumer behavior, product management, operations management, establishing organization culture, cost management, business legal complications and ethics, leadership, market research, marketing communication etc.
One can say that management is the blend of all crucial activities that are happening inside an organization. At departmental levels, managers are responsible for implementing strategies. Then there is top management which consists of the members like directors, CEO, CFO, CMO, chairman, trustees etc. and these people keep an eye on the overall growth and development of the organization. Managers report to top management and take their guidance while implementing decisions.
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