Management involves achieving organizational goals efficiently and effectively through people. It includes processes like planning, organizing, commanding, controlling, and various functional areas like financial management, human resource management, marketing management, production management, material management, purchasing management, and maintenance management. The main functions of management according to Henry Fayol are planning, organizing, commanding, controlling and staffing. Management helps forecasting, coordination of activities, and ensures goals are accomplished as intended.

1. CORPORATE
MANAGEMENT AND
COMMUNICATION :2

2. MANAGEMENT
Management is the process of achieving goals
and objectives effectively and efficiently through
and with the people.
Management is a process of designing and
maintaining an environment in which individuals
work together in groups to effectively and
efficiently accomplish selected aims.
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3. SCOPES OF MANAGEMENT
+ Financial Management: Financial management includes forecasting, cost
control, management accounting, budgetary control, statistical control,
financial planning etc.
+ Human Resource Management: It covers the various aspects relating to the
employees of the organization such as recruitment, training, transfers,
promotions, retirement, terminations, remuneration, labour welfare and social
security, industrial relations etc.
+ Marketing Management: Marketing management deals with marketing of goods,
sales promotion, advertisement and publicity, channels of distribution, market
research etc.
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4. SCOPES OF MANAGEMENT
+ Production Management: Production Management includes production
planning, quality control and inspection, production techniques etc.
+ Material Management: Material management includes purchase of materials,
issue of materials, storage of materials, maintenance of records, materials
control etc.
+ Purchasing Management: Purchasing management includes inviting tenders
for raw materials, placing orders, entering into contracts etc.
+ Maintenance Management: Maintenance Management relates to the proper
care and maintenance of the buildings, plant and machinery etc.
+ Office Management: Office management is concerned with office layout,
office staffing and equipment of the office.
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5. FUNCTIONS OF MANAGEMENT
According to Henry Fayol,
“To manage is to forecast
and plan, to organize, to
command, & to control”.
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6. FUNCTIONS
+ Planning: It is the basic function of management. It deals with deciding in
advance the most appropriate course of actions for achievement of pre-
determined goals.
+ Organizing:It is the process of bringing together physical, financial and human
resources for achievement of organizational goals.
+ Directing: Direction is that aspect of management which deals with influencing,
guiding, supervising and motivating sub-ordinates for the achievement of
organizational goals.
+ Staffing:It is the function of manning the organization structure. The main
purpose of staffing is to put right man on right job.
+ Controlling:It implies measurement of accomplishments against the standards
and correction of deviation if any. The purpose of controlling is to ensure that
everything occurs in conformities with the standards.
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7. REFERENCE
The Practice of Management by
Peter F. Drucker.
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