Principles of Management: A Modern Approach
Management is often included as a factor of production along with machines, materials,and money.According to the management guru Peter Drucker,the basic task of a management is twofold: marketing and innovation. As a discipline, management comprises the interlocking functions of formulating corporate policy and organizing,planning,controlling, and directing the firm's resources to achieve the policy's objectives.The size of management can range from one person in a small firm to hundreds or thousands of managers in multinational companies.The present book is written in keeping all the important aspects of management in mind.Principles of management give students an insight of what the management is all about. The language has been kept simple and easy to understand which students will find very useful.
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achieve action activities alternatives approach audit behaviour budget business ethics Charismatic committee compete Coordination costs create customers decision decision-making defined effective employees environment example facilities factors financial audit firm focus followers function future goals hierarchy idea identify implementation important improve increase individual information system internal intrinsic motivation investment involved issues long hours Management by Objectives measure mission statement monitor multinational corporations norms objectives operations opponent-process theory organisation organisation's output performance person planning process policies position potential problem productivity provides relationships requires result reward role servant leadership situation skills social responsibility span of control specific standards strategic management strategic planning structure subordinate success supervisor SWOT analysis task term theory trait theory Transactional Leadership Transformational Leader Transformational Leadership values vision work-life balance workers workplace culture