Tuesday, February 12, 2013

Research Methodology

Review of management and organization
Meaning of management
Management is the shape of impressive utilization of piece and material resources to get enterprise objectives. The human resources comprise of people work with the organization and the material resources hold capital, technology, machines, material etc. Management is a distinct process consisting of planning, organizing, actuating, and controlling, performed to determine and accomplish stated objectives with the use of human beings and different resources.

Objectives of management
Following are the objectives of management:
?Effective use of resources
? gaiety of customers
?Adequate return on capital
?Satisfied workforce
?Good working condition
?Good relation with suppliers

Significance of management
Following are the conditional relation of management
?Determination of objectives
?Achievements of objectives
?Efficient use of resources
?Co-ordinate human efforts
? run across challenges
?Economic development

Meaning of organization
Organization is a structural good example of duties and responsibilities required of personnel in performing various functions with a view to achieve business closes through organization. Management tries to intermingle various business activities to accomplish predetermined goals.

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Definitions of the organization
According to koontz and odonnel The establishment of authority relationships with provision for co-ordination between them, both vertically and horizontally in the enterprise structure.
According to George terry Organizing is the establishing of effective authority relationships among selected work, persons and work places in order for the convocation to work together efficiently.
Common Characteristics of Organization
1. Coordination of effort: multiplying individual contributions to achieve results greater than those possible by individuals working alone.
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