Studied by 0 people
Looks like no one added any tags here yet for you.
Management
The process of conducting a set of functions to get work done efficiently and effectively.
Effectiveness
Refers to completing the job on time, regardless of the cost.
Efficiency
Refers to doing the job in a cost-effective manner.
Goal-Oriented Process
Management is focused on achieving specific objectives.
Pervasive
Management is applicable at all levels and in all areas of the organization.
Multidimensional Management
Involves the management of work, people, and operations.
Continuous Process
Management involves ongoing activities that do not have a fixed end.
Dynamic Function
Management adapts to internal and external changes.
Intangible Force
Management cannot be physically seen but has significant influence over the organization.
Science of Management
A systematic body of knowledge based on observations and experiments.
Art of Management
Practical application of existing knowledge in management.
Profession of Management
Economic activity conducted by knowledgeable and skilled individuals to serve society.
Coordination
The process of establishing harmony among different activities of an organization.
Principles of Management
Broad and general guidelines for decision making and behavior of managers.
Top Level Management
Responsible for determining objective, policies, and controlling work performance.
Middle Level Management
Interprets policies and assigns duties to lower-level managers.
Lower Level Management
Oversees actual workforce efforts and ensures work quality.
Organisational Objectives
Goals focused on survival, profit, and growth.
Functional Differentiation
The distinction between different roles and functions within the organization.
Demonetisation
Withdrawal of the status of legal tender from certain currency notes.
Financial Management
Management concerned with the effective acquisition and use of money.
Investment Decision
Determining how funds are invested to earn returns.
Financing Decision
Determining the sources of capital for financing business operations.
Dividend Decision
Deciding how much profit to distribute among shareholders as dividends.
Consumer Protection
Measures taken to protect consumers against unfair trade practices.
Consumer Rights
Rights that empower consumers to be informed, safe, and heard in the marketplace.
Three-tier Grievance Redressal Machinery
System of District, State, and National commissions to resolve consumer disputes.
Marketing Mix
Combination of product, price, place, and promotion strategies to reach consumers.
Labelling
The process of preparing labels for products containing necessary information.
Packaging
Activities related to designing and producing containers for products.
Stock Exchange
An organized market for buying and selling securities.
SEBI
Securities and Exchange Board of India, responsible for regulating the stock market.
Secondary Market
Market where existing securities are traded after their initial issuance.
Primary Market
Market for issuing new securities to raise capital.
Financial Planning
Preparation of a financial blueprint for an organization’s operations.
Working Capital
Funds required for the day-to-day operations of a business.
Fixed Capital
Investment in long-term assets such as buildings and machinery.
Note 
Flashcard (33)