IMPORTANCE OF MANAGEMENT

NEED OR IMPORTANCE OF MANAGEMENT Following are the importance of management: Achieving Organisational Goals- Management is important for all type of organisation either profit or non-profit organisations for achieving their goals. It do so by developing and effectively utilising organisational resources, both human and non-human. Optimum Utilization of Resources-  Management…

Management Definition

Management Management is the force that integrates organisational resources into an efficient operating unit through planning, organising, staffing, directing and controlling. It consists of five broad functions- planning, organising, staffing, directing and controlling. Coordinating is the essence of management because it is relevant for all five functions; it is not…

Statistics and its Importance and limitations

Statistics Statistics means quantitative information or quantifications of the facts and findings. There must be a system, method or technique to collect quantitative information. Statistical information may be in raw form then it needed to be classified, tabulated, or to be systematically presented. Also, there must be a set of…

Election of Indian President

Process of Election of Indian President Election of Indian President is indirectly elected by an Electoral College by means of proportional representation and single transferable vote and voting is done by secret ballot. Four important aspects in election of Indian President: 1. Electoral College: It refers to all the members…