Principles of Management
and Accounting
Mithun
MITHUN
, Unit -1 MANAGEMENT
Introduction
Management is universal in the modern industrial
world and there is no substitute for good
management. It makes human effects more
productive and brings better technology, products
and services to our society. It is a crucial economic
resource and a life giving element in business.
Without proper management, the resources of
production ( men, machines and materials,money)
can not be converted into production.
Mithun
,Father of Modern Management
Peter F. Drucker
Mithun
, Meaning of Management
Management is the process of planning and
organising the resources and activities of a business
to achieve specific goals in the most effective and
efficient manner possible. Efficiency in
management refers to the completion of tasks
correctly and at minimal costs. Effectiveness in
management relates to the completion of tasks
within specific timelines to yield tangible results.
Mithun
and Accounting
Mithun
MITHUN
, Unit -1 MANAGEMENT
Introduction
Management is universal in the modern industrial
world and there is no substitute for good
management. It makes human effects more
productive and brings better technology, products
and services to our society. It is a crucial economic
resource and a life giving element in business.
Without proper management, the resources of
production ( men, machines and materials,money)
can not be converted into production.
Mithun
,Father of Modern Management
Peter F. Drucker
Mithun
, Meaning of Management
Management is the process of planning and
organising the resources and activities of a business
to achieve specific goals in the most effective and
efficient manner possible. Efficiency in
management refers to the completion of tasks
correctly and at minimal costs. Effectiveness in
management relates to the completion of tasks
within specific timelines to yield tangible results.
Mithun
