Management studies provides knowledge and skills needed to assume management positions and analyze complex situations. It covers topics such as project management, financial management, marketing, human resources, production, operations, and information technology management. Studying management is important as it helps companies achieve goals, utilize resources optimally, reduce costs, establish sound organizations, and bring equilibrium.

1. Management Studies and it’s Importance
Abhishek Das.
Ashoka 1.
MBA 1st Semester.
MBA 108 Presentation.
Eastern Institute for Integrated Learning in Management, Kolkata

2. Introduction
• Learning how to effectively & efficiently manage people and processes.
• A wide-ranging topic stretching from project management to CSR.
• Offers the knowledge and skills needed to assume management positions.
• Helps to analyse complex situations and to visualize appropriate responses .

4. • Planning, organizing, controlling and monitoring financial resources.
• Procurement of funds, utilization of funds, accounting, payments, risk assessment.
• Application of general principles of management to the financial possessions.

5. Marketing Management
• Planning, organising, controlling and implementing of marketing strategies and tactics
• Art and science of choosing target markets and building a profitable relationship.
• Depends on Marketing Mix: Product Mix, Pricing Mix and Promotion Mix.
• Depends on uncontrollable factors: Demand, Competition, Public policy.

6. Human Resources Management
• Recruitment & selection: Based on Job role, responsibilities.
• Performance management: Based on KPIs.
• Learning & development: In the form of Introductory and Refresher Training.
• Succession planning: Planning contingencies in case of key employees leaving the company.
• Compensation and benefits: Fair compensation is key in motivating and retaining employees.

7. Production and Operations Management
• Inputs/resources final goods via defined, controlled and repeatable policies.
• Add value to product or service creating a strong and long lasting customer relationship.
• Engaging and maintaining the supply chain of vendor → production facility → customers.

8. Information Technology Management
• Determining business requirements for IT systems.
• Managing IT budgets and costs.
• Monitoring safety and compliance.
• Controlling system and network security.
• Implementing new software, hardware and data systems
• Providing technical or help desk support.

9. Management studies in Corporate
• Increased self-confidence
• Strategic thinking
• Better communication
• Better time management.
• Increased creativity.

10. Importance
• Achieving Group Goals
• Optimum Utilization of Resources
• Reduces Costs
• Establishes Sound Organization
• Establishes Equilibrium