Wednesday, December 24, 2008

Introduction with Managment

Management involves managing efficiently and effectively the activities of men, machines, material and money. Efficiency refers to getting the maximum output from the available scarce resources i.e. 'Doing Things Right'. Effectiveness refers to 'Doing The Right Things' to achive desired organizational objectives.

Every organization works towards acheving some common goald\s and formulates method to achive these goals. Managers are the people within the organizations who play a vital rale towards achiving the organization`s goals by monitoring and controlling the organizational activities.

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