Functions Of Management
...with managing of business enterprise. Management is essential wherever human efforts are to be undertaken collectively to satisfy the wants. It regulates the man’s activities through coordinated use of the material resources.
The business characteristics of management remain the same whether the enterprise is to be managed as a family, a club, business enterprise or trade union. Higher-level authorities such as chief executives, heads of department who has some power in decision-making formulate the objectives of the enterprise. In fact the objectives are formulated and presented to the working personnel in the enterprise, which varies according to their level and their position in the enterprise. The enterprise will be having workers from low level to high-level members. The knowledge and experience play a key role in formulating those policies of the enterprise.
The number of levels of management in a particular enterprise depends on the size of the enterprise, market value and nature of production based on quality as well as quantity. A large enterprise needs different levels of management which has the responsibility to make all the workers get motivated, get organized in order to get the job done within the certain time period and bring a mutual understanding among the workers in different levels of the enterprise. In order to accomplish, this understanding among the workers proper planning should be done for various levels in the enterprise, the plan should have the capability to project the nature of their work and the objectives of the enterprise. “For example, if an enterprise manufactures different kinds of products in large volume, there is need for several layers of management in the enterprise, which would be helpful in bringing better inter-relationship between the members within the organization.” (Kezner, 2005) Here is a...
View Full Essay
