Management is a common term which is frequently
used these days with the booming of IT, ITES and along with automation
taking place in various domains.
Unknowingly, management makes
its way into all parts of our life. Management roles are found in several
walks of life such as time, finance, human resource and so on... in the
process it helps to achieve one's goal.
To put in a nutshell,
management is a process, facilitating to reach individual's goal through
prudent use of resources at hand.
To be a good leader, its important to possess few fundamental management skills.
Management involves four major distinct functions: - Planning
- Organising
- Directing
- Controlling
Benefits of management:- It provides purpose and direction
- Helps to take proper decisions
- Eliminates confusion
- Helps in fixing priorities
- Establishes accountability
- Bring out good results with existing resources