The Importance of Management and Marketing within Business Essay

The Importance of Management and Marketing within Business Organization and the carry on of Technology - Essay ExampleThis research will begin with the statement that it is difficult to define concern in few words because of the complex parameters involved in the centering military operation. In simple terms, precaution is the process of dealing or unequivocal things or people. One of the most common function of forethought is getting things done through new(prenominal)s. According to Henri Fayol, To manage is to forecast and to plan, to organise, to command, to coordinate and to control whereas Peter Drucker, specify Management as a multi-purpose organ that manages business and manages managers and manages workers and work. From the above definitions, it is evident that management is exceedingly complex term which has got multi-dimensions. On the other hand, marketing is a process of informing the customers about the take to be or utility of a product or service, and to e ncourage the customers to purchase it. It is defined as the process of determining the needs and wants of consumers and being able to deliver products that satisfy those needs and wants. Marketing includes all of the activities required to move a product from the producer to the consumer. Management is a process which helps to achieve group goals, optimum Utilization of Resources, reduction of costs. It is a process which establishes sound organization and equilibrium. Moreover, it helps the society to achieve prosperity. Man, material, machine, and money argon the four most important resources of an organization. Management is the process, which helps the coordination of all these organizational resources. For example, finance department is responsible for the management of money in an organization. Same way, human resource department look after the manpower resources whereas engineering science or production department look after the machineries and materials. Even though differ ent departments are controlling the organizational resources, it is the process of management, which helps them to utilize these resources judiciously so that the organization benefits from these resources. Many people have the whoremonger that management is a function restricted only to the executives of an organization. In fact, Management is a function normally undertaken by people of all calibre. For example, a housekeeper is responsible for managing the resources of a house properly whereas a eddy worker is responsible for managing the works assigned to him. A housewife manages the education of her children while her husband manages other family matters. In short, management is a function which can be seen everywhere. It is impossible for this world to move a step forward without management of different kinds. All organizations depend upon group efforts. Group action and colligation efforts have become necessary in every walk of life. Management is required wherever ii or m ore people work together to achieve common objectives. The success in group efforts depends upon unwashed cooperation among the members of the group. Management creates teamwork and coordination among specialized efforts. Management is indispensable in all organizations whether a business firm, a rulement, a hospital, a college, a club, etc. Management is a creative force which helps in the optimum utilization of resources. No two individuals are alike. This is true in the organizational world also. It should be tell that current organizations are heavily globalized so that they forced to employ people from different parts of the world. mixed bag helps organizations in many ways. At the same time diversity creates lot of problems also. Coordination of diverse workforce is highly difficult. Management is the process, which helps human resource managers to coordinate diverse workforce effectively.