Principles of Business and Banking

Management can be classified into different levels. Such classification to organization based on the size, measure and activities. Generally, the levels of   management can be classified in to three types. a)     Top level management. b)     Middle level management. c)     Lower level management. Top level management:   Top level management is the highest level of the managerial positions in the organization, It consists BOD ,MD, GM, ED etc .Such level is responsible to formulate overall plans, policies, strategies etc of the organization. The plans, policy etc formulation by a top-level management are forwarded to middle level management for necessary implementation.             Major function of top level management are: 1)     To determine goals and objective of the organization 2)     To formulation plans, policies and strategies of v...

Objective of business management The major objective if management are listed below i)               To archive the goals or objective. ii)              To utilize available resources properly. iii)             To enhance the skill of human resources. iv)            To make proper plans for future v)             To improve the level of performance of the employees vi)            Ro provide better working environment. Function of management             Management perform various activities or function of different types of business organization to organization but some fundamental...

Management can provide   and support different types of benefits and advantages to the organizational as well as social members. Basic or major advantages or important of management can be explain with the helps of following points I)              Achievement of organization goals and objectives Management is the process and means through which organizational goals are achived. Management makes us aware of our potentials, shows the way toeward better achievement, reducas obstacles and causes us to achieve the goals that we probably would not otherwise attain. II)             Optimum utilization of available resources All the resource of an organization like labor, capital, machines, etc are scarce and non-renewable . management aims at a proper or optimum utilization these resources to accomplish the desired results within the pre-determined constraint of ...

i)               Universal practices The principal and practices of management are universal in nature. They are requires in all type of organization i.e. business, social, governmental, army, university, hospital, etc. they are found in all the fields of human life, whether mangering family affairs or running a club. Thus, basic principles of management are not only applicatable to business but also to other organizations. However, these principal are flexible and they can be modified to suit different situations. ii)              Goal ordained Every organization has specific goals and objectives to be achieve. The main concern of all management activities is how ti achieve these goals. Management attempt to achieve economic, social and human objectives, the primary goals of management is to ensure efficiency and economy in the utilization of availab...