This gives a much clear picture about scope of management . This will let you learn new branches . The study of scope of management is done under two heads which is being illustrated very well here.
2. SCOPEOF MANAGEMENTCANBROADLYBE
CLASSIFIEDINTOTWOASPECTS
• FUNCTIONAL AREAS OF
MANAGEMENT
i. FINANCIAL
MANAGEMENT
ii. HUMAN RESOURCE
MANAGEMENT
iii. PRODUCTION
MANAGEMENT
iv. OFFICE MANAGEMENT
v. MARKETING
MANAGEMENT
vi. MAINTENANCE
MANAGEMENT
• SUBJECT MATTER OF
MANAGEMENT
i. PLANNING
ii. ORGANISING
iii. STAFFING
iv. DIRECTING
v. CONTROLLING
3. FUNCTIONAL AREAS OF
MANAGEMENT
• UNDER THIS ASPECT MANAEMENT CONSISTS
THE FOLLOWING FUNCTIONAL AREAS :
FINANCIAL MANAGEMENT HUMAN RESOURCE MANAGEMENT
PRODUCTION MANAGEMENT OFFICE MANAGEMENT
MARETING MANAGEMENT MAINTENANCE MANAGEMENT
4. I. FINANCIAL MANAGEMENT
Deals with how funds are procured and utilized. It
includes the financial aspects of a business such as cost
control,budgetary control,management accounting, etc.
II. HUMAN RESOURCE MANAGEMENT
Deals with acquisition , utilization , development ,
maintenance and control of human resource. Covers
aspects related to personnel of an enterprise such as
recruitment, training, promotion, retirement, industrial
relations, social security, labour welfare, etc.
5. III. PRODUCTION MANAGEMENT
It consists of production related aspects like production
planning, production control, quality control and so
on.
IV. OFFICE MANAGEMENT
Under this aspect , office layout, staffing, equipment
layout, etc are dealt with.
6. V. MARKETING MANAGEMENT
This is concerned with marketing aspects of
the product produced by the concern, deals
with aspects like price determination,
channels of distribution, market research,sales
promotion and advertisement.
VI. MAINTENANCE MANAGEMENT
It deals with proper care of the buildings ,
plants and machinery and furniture and
fixtures of business enterprise.
8. • PLANNING
It is the fundamental
management function,
which involves deciding
beforehand,what is to be
done, when is it to be done,
how it is to be done and
who is going to do it.
It is an intellectual process
which lays down an
organisation’s objectives
and develops various
courses of action to be taken.
9. • ORGANISING
It involves developing an
organisational structure.The
structure of an organization is
The framework within which
Efforts are coordinated.
Also involves designing jobs,
Deciding duties and
responsibilities.
10. • STAFFING
It is the process of
hiring eligible
candidates in the
organization for
Specific positions.
It involves determination
of manpower
Requirements, selection
and placement, training and development ,appraisal and
remuneration of employees.
11. • DIRECTING
It refers to a process or
technique of instructing ,guiding,
inspiring, counselling,overseeing
and leading people towards
the accomplishment of goals.
It initiates action in the
Organization.
12. • CONTROLLING
It is a process of comparing the actual
performance with the set standards of
the company to ensure that activities are
performed according to the plans and if not then taking
corrective action.