In today’s time, there is a great need for management for achieving goals and survival of the organization. The word management is used with different meanings. In an organization, it is used to organize resources and is an important part of any activity of the organization.
Table of Contents
Scope/area of management
Following are the scope/areas of management.
1. Production Management:
The objective of production management is to produce goods and services in an organized manner. It includes all activities from raw material to final production. For example:
- Product Designing
- Procurement and storage of materials
- Inventory control
- Research and Development.
2. Marketing Management:
These include all those activities which are related to selling goods and services. For example:
- Product price
- Distribution system
- Promotion
3. Financial Management:
The function of financial management is to plan and control finances. This includes all the work from raising finance to spending. For example:
- Selecting the appropriate source
- Proper allocation and utilization
- Ensuring profit planning and control
4. Personnel Management:
The main objective of personnel management is to control the work done by employees and to provide them job satisfaction. For example:
- Manpower planning
- Job satisfaction
- Promotion
- Inspiration
5. Office Management:
The main objective of office management is to control all the work. Planning, organization, coordination, control etc. are the functions of office management.
- Maintain proper records
- Maintain effective communication
- planning
- Enforcing rules and regulations
