This article throws light upon the top four functional areas of management. The functional areas are: 1. Production Management 2. Financial Management 3. Personnel/Human Resource Management 4. Marketing Management. Functional Area # 1. Production Management: The term 'production' was closely associated with manufacturing physical goods and, therefore, production management was also known as manufacturing management. Today, goods are not only [...]
Here is a compilation of notes on management. After reading these notes you will learn about:- 1. Meaning of Management 2. Features of Management 3. Objectives 4. Nature 5. Importance 6. Functions 7. Tasks 8. Aspects 9. Levels. Contents: Notes on the Meaning of Management Notes on the Features of Management Notes on the Objectives of Management Notes on the [...]
This article throws light upon the top nine techniques of scientific management introduced by Taylor in order to improve work efficiency and organisational productivity. Some of the techniques are: 1. Separation of Planning and Doing 2. Functional Foremanship 3. Job Analysis 4. Standardisation of Work 5. Financial Incentives 6. Differential Rate System 7. Scientific Selection and Training and Others. Technique [...]