Management involves securing maximum results with minimum effort to benefit both employers and employees. It is the process of planning, organizing, staffing, directing, and controlling work through people. Management aims to protect owner interests, achieve goals efficiently, develop workers, utilize resources fully, and maintain good capital-labor relations. It is a goal-oriented, pervasive, multidimensional, continuous, and group process that is both innate and acquired. Management is important for reducing costs, maintaining organization, overcoming competition, ensuring business prosperity and growth, and developing the nation.

10. Relationship b/w Admin. & Mgt. as per American Concept. Top-level Functions Middle-Level Functions Lower-Level Functions BOD & G.M General Manager Supervisor Determining the Policy & object Adminis- tration Accomplishment Of Pre-determined objectives Management

14. Relationship b/w Admin. & Mgt. as per Modern Concept Administrative functions Managerial Functions ORGANISATION Top Level Management Middle Level Management Lower Level Management