Banking financial institution, depository institution: Financial institution that accept deposit and channel the money into lending activities is called depository institution. Bank: Central Bank Commercial Bank Development Bank Finance Company Microfinance Cooperatives Non banking financial institution, Contractual institution Employee Provident Fund Citizen investment trust Insurance companies Investment institution Brokers Investment bank underwriters
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 time, effort and cost.
III)
Socil
responsibility
Management
also serves the general public at large. It ensures that the quality products
provided to the consumer are fair. It fixed competitive to people through optimum utilization of seare resources. It also generates employment
opportunities to people. Nowadays, management has also become conscious of its
duty towards environment conservation.
IV)
Critical interested in Nation's growth
V)
Growth, diversification and innovation
VI)
Social
and national benefits
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