Notes for Mpp Subject of Mba 1st Sem Essay

caution is a vital aspect of the frugal life of man, which is an organised group activity. A central directing and dictatorial agency is indispensable for a cable concern.The productive resources material, labour, capital etcetera are entrusted to the organising skill, administrative ability and enterprising initiative of the management. Thus, management provides lead to a business enterprise. Without able managers and effective managerial leadership the resources of mathematical product remain merely resources and never become production. Under competitive parsimoniousness and ever-changing surroundings the quality and causeance of managers determine both the survival of the fittest as In the words of George R Terry Management is a distinct turn consisting of planning, organising, actuating and controlling performed to determine and accomplish the objectives by the use of people and resources. concord to James L Lundy Management is generally the task of planning, co - ordinating, motivating and controlling the efforts of others towards a specific objective. In the words of Henry Fayol To manage is to forecast and to plan, to organise, to command, to co-ordinate and to control.According to Peter F Drucker Management is a multi- solve organ that manages a business and manages managers and manages worker and work. In the words of J. N. Schulze Management is the force which leads, guides and directs an fundamental law in the accomplishment of a pre-determined object. In the words of Koontz and ODonnel Management is defined as the creation and maintenance of an internal environment in an enterprise where individuals working together in groups can perform efficiently and effectively towards the attainment of group goals.According to Ordway Tead Management is the process and agency which directs and guides the operations of an government activity in realising of established aims. According to Stanley Vance Management is simply the process of d ecision-making and control over the actions of human beings for the express purpose of attaining pre- determined goals. 8 According to Wheeler Business management is a human activity which directs and Management Science Theory and Practice controls the organisation and operation of a business enterprise.