Management involves planning, organizing, and overseeing work to accomplish common goals. The basic tasks of a manager are to plan actions, implement those plans, and track performance. Historically, management focused on efficiently producing goods, but now emphasizes creating value for customers by meeting their needs. Good management analyzes business models, examines competitors to find better ways of doing things differently, and measures short and long-term performance. Innovation is also important for management so companies can adapt to an uncertain future.

1. CENTRAL UNIVERSITY OF KASHMIR
“WHAT MANAGEMENT IS”
HOW IT WORKS AND WHY IT’S EVERYONES BUSINESS
Submitted To: submitted by:
Mr Waseem Jahangir Mehraj ud din
Assistant Prof. 2001CUKmr16

2. Everyone is affected by the management because management is present in every
aspect of the world it applies to managing oneself focusing our abilities towards the
goal. It applies working relationship with others because it affects our choice about
them. Management is putting organisation together that work to accomplish a
common goal.
The first and the basic task of the manager is to plan and execute the same
the managers assess the organisational goals and resource and defines these goals
clearly for others. Manager also formulates the plan of action or a road map to the
organisation. First having a plan then manager preceded to implement it and the
manager should consistently be careful to track where the organisation is and how
the organisation is performing means are we utilizing the resources in the best way
or in an effective manner.
Value creation
The term value creation is important because it highlights the shift from managing
resources to managing the results or performance of the organisation in the late 19th
to early 20th century business where what they made E.g. manufactured steel
automobile etc to increase the business value one increasing manufacturing
efficiency to produce more steel or more automobile etc.
Marketing mindset
In 1954 according to famous management consultant he concluded that customers
don’t buy products they buy fulfilment of their needs he consoled a change in
perspective to see the customers eyes. Ducker emerged managers to ask what is
our business, who is customer and what does the customer value.
Doing batter being different
The key aspect is analysing the business model is the economic relationship of the
corrector. However the model does not include compaction which is inevitable. This
where strategy comes in how to do batter that your compotators by doing it
differently.
Examine what wall mart the discount retailer did differently from compotators.

3. 1) Adopting the super market means lower costs and cheaper products.
2) Up to date inventory means know what’s selling and how much.
Measurements evaluate preferments: measurements can be guides indicators and
achievements for the managers and the subordinates. No one there is to measure
that will tell you everything you need to know about the company. The profits can tell
you if your costs reasonable or product is doing well. Measures are business specific
like operating and financial measure, employee turnover and external masseurs.
Management must look at short-term and long-term performance. Long term
performance needs innovation and entrepreneurial attitude
Betting on the future, innovation and uncertainty
Innovation in management is searching for new value or new ways to create value.
Without innovation a company will stagnate and fall behind the competition.
Because the future is uncertain, managers must make bets as to which innovation
Will keep the company ahead or at least strongly competitive tomorrow.
Source:
https://eclass.upatras.gr/modules/document/file.php/MST145/%CE%A0%CE%B1%C
F%81%CE%BF%CF%85%CF%83%CE%B9%CE%AC%CF%83%CE%B5%CE%B9
%CF%82/COMMS%20AND%20CONFLICTS.pdf