Management

Management basically means the organisation and coordination of an enterprise to achieve certain objectives.It deals with planning,forecasting,organizing,leading/directing and controlling the work which we undertake.Motivation is also a basic function of management,as it can stimulate employees,and we can get the maximum output from them.

For business management,which consist of branches like human resource,operations management,strategic management,marketing management,financial management..formation of business policy is required.It deals with mission,vision,objectives,policy,strategy which are required to make it a success.

The management of a large organisation can be divided into three levels..

1.>Top-level management:-extensive knowledge of management roles and skills is a must..responsible for strategic decisions.

2>Middle level management:-specialized understanding of certain managerial tasks...responsible for marketing,finance.

3>Lower level management:-short term roles to see that the decisions and plans of top two levels are carried out well.