Saturday, September 29, 2007

Q. “The task of business management is the responsibility for welding into a single working force, the three factors, men, methods and machinery.” Explain this statement.
A. Management is a process which involves setting of objectives for an enterprise and of taking necessary steps to ensure that these objectives are achieved. Management is a social science because an organization is an open system which means that an enterprises cannot survive on its own, it has to interact with its surroundings to ensure high profit margins, to attain higher goodwill for the company. This can be done only if it produces quality products and selling them to its environment. For this the manager should develop a very good level of relation with their superiors and subordinates as well as the outside parties like creditors, banks, financial institutions etc.

Management is indeed responsible for integrating various factors like men, methods and machinery. This can be explained as follows:

i) Manage is a social process:
Activities involved in the achievement of goals are concerned mainly with relations between people. All tasks are carried out when employees interact with one another. Management is concerned with making such an interaction productive and useful for achieving organizational goals.

ii) Management is an integrating process.
In an organization management integrates human efforts in relation to non-human resources like machines, materials, technology, etc. to achieve pre-determined goals. Management undertakes to brings together the human, physical and financial resources so that there is harmony among them. All these resources have to be present simultaneously.

iii) Management is a continuous process.
Management is an ongoing process. When the determined goals are achieved new goals are determined.

Thursday, September 27, 2007

Creative Student

This blog is for Creative Student, to share and discuss their thoughts, views and observation on subject related to management studies.
This blog is created with a strong beliefs that some aspirants might get something useful regarding his subjects on management.