Management decision making process essay

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Management decision making process essay

Meaning, Concept and Needs Article shared by: Home management is the vital factor in every family contributing to the overall health, happiness and well being of the family.

Management decision making process essay

Management today is an important factor in every sphere of activity. The concept of management deals with achieving desired goals through planned activity. It is an essential component of family living. Home management is the natural outcome of human relationship in the home environment.

When the family is established, management becomes one of the major responsibilities of the family living. Home management deals with the practical application of the principles of management to the home.

Home management is the administrative aspect of family living. The study of Home management is intimately linked with values, standards and goals which give meaning to the lives, thoughts, feelings and experiences of the members of the family. These values, standards and goals which are closely related to each other, motivate the family to make decisions, to achieve their desired goals.

In home management, managing shows some degree of competence. A home in which goals are being attained with some degree of satisfaction may be considered a well managed home. Effective management enhances the chances of reaching the desired goals through wise decisions and effective use of resources.

All the resources Both human and non-human which are available for a particular family must be utilized properly in order to achieve the family goals. Devdas compared home management to a Dam and the resources with Rain water. Rain water is deposited in a Dam and is utilized for water supply, electricity and irrigation purposes at the time of necessity.

They are utilized for building a house, education and marriage of children and for various other purposes. By utilizing the resources the family goals can be achieved. The definition of Devdas is represented with a diagram.

In simple terms, Home management is a family working together for common purposes, the forming of plan of action, the sharing of responsibilities the organized and controlled use of available resources. Effective management enhances the chances of achieving goals by making wise decisions and proper utilization of resources.

A well managed home is one in which the homemaker having acquired a degree of competence, works towards well defined goals or objectives. These when achieved provide her with a sense of satisfaction. A homemaker functions as a producer, consumer and co-ordinate of various activities to be carried out to achieve family goals.

She manages the house in such a way that all the members of the family are satisfied and family can achieve the goals.

The process of management becomes a rational and intelligent method of dealing with change. It is not only the intelligent use of resources and the satisfaction that is obtained that matters in the modern family, but the all round development of family members and their welfare as well.

Therefore a systematic knowledge of Home management is needed by homemakers.

Time management - Wikipedia

The efficient management requires specialized knowledge, wide experiences and new type of skills. Need for Home Management: Management plays a significant role in shaping our lives. With the changing environment, the need for management also becomes inevitable to identify and deal with problems, which emerge from change.

Effective management in the home depends to a large extent on the managerial ability, interest and leadership quality of the homemaker and also their ability to motive the family members in the right direction for achieving desired goals. To the homemaker, who wants to manage her home properly and efficiently, knowledge of home management is helpful and essential.

In our modern technological environment, where situations are complex and highly flexible, where many choices are possible and where values of changes more rapidly, the need for management is essential.

It comprises the study of: Planning and organization of action and the control and utilization of the various resources of the home for the proper benefit of the members of the family.Human resource management (HRM or HR) is the strategic approach to the effective management of organization workers so that they help the business gain a competitive advantage, Commonly known as the HR Department [by whom?], it is designed to maximize employee performance in service of an employer's strategic objectives.

[need quotation to verify] HR is primarily concerned with the management. Employer Sponsorship. Regardless of the level or financial support from your employer, applicants to EMBA-Friday/Saturday and EMBA-Americas are required to submit a signed sponsorship letter from an authorized representative of your organization, briefly stating the terms of support.

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In the updated edition of this critically acclaimed and bestselling book, Microsoft project veteran Scott Berkun offers a collection of essays on field-tested philosophies and strategies for defining, leading, and managing projects. Home management is the vital factor in every family contributing to the overall health, happiness and well being of the family.

Management today is an important factor in every sphere of activity. The concept of management deals with achieving desired goals through planned activity. It is an. Time management is the process of planning and exercising conscious control of time spent on specific activities, especially to increase effectiveness, efficiency or schwenkreis.com is a juggling act of various demands of study, social life, employment, family, and personal interests and commitments with the finiteness of time.

Home Management: Meaning, Concept and Needs