Different Management Concepts
When people make decisions about any matter of an
organization and its all department and control the whole system of the
organization that is known as management. The person who has the skill of
controlling and making decisions about a business is the manager of that
organization.
For running any company some activities are associated
with it .When these activities (planning, organizing, controlling, leading,
monitoring) will manage any organization then it will be known as business
management. On the other hand, operations Management do not deals with the activities
of organization .It only deals with design and management of products/services,procedures
and supply chains. Operations management considers the facts related with the achievement,
development and utilization of resources that a company need to deliver its
goods or services according to their client’s desire. Scheduling and controlling
of production, inventory management, total quality management, assessment of
quality, materials handling and equipment maintenance rules all the issues will
be included under operational level of management.
Financial management (FM) covers the two key processes of
resource management and finance operations. Finance operations and resource
management operations are the example of financial management.
If any person at first set goal and then try to achieve
that by scheduling it for making any decision then their time management will
be possible. A person will be more organized, efficient and pleased if he gains
the time management skills.
Information management (IM) is another type of management
where information is collected from one source and distributed that information
to one or more viewers.
Management consulting is the practice of serving
organizations to develop their performance through the investigation of
existing organizational problems and development of plans for progress.
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