ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Management in all business and organizational activities is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively.

Detailed explanation-2: -Coordinating people and human resources to accomplish organizational goals is the process of leadership.

Detailed explanation-3: -It is the process of bringing together physical, financial and human resources and developing productive relationship amongst them for achievement of organizational goals.

Detailed explanation-4: -Lussier (2021) defines a manager as “the individual responsible for achieving organizational objectives through efficient and effective utilization of resources” (p. 3).

Detailed explanation-5: -It helps in Achieving Group Goals-It arranges the factors of production, assembles and organizes the resources, integrates the resources in effective manner to achieve goals. It directs group efforts towards achievement of pre-determined goals.