concept of Business

Nature of Management:- Management is one of the oldest concept, it is as old as civilization. The development of trade and commerce l ed to the development of management principles and practices.      There are mainly three basic nature of management. It is an art It is a profession It is science 1. Management as an art What is an art? Art is the practical application of theoretical knowledge which we acquire from the books, journals, magazines, newspapers etc.        It can also be acquire through study, observation and experience. Features of an art 1.  Existence of theoretical knowledge Art is the application of already existing theoretical knowledge which is acquired through books, journals, newspapers and magazines. 2.  Personalised application The knowledge which is required through books, journals, newspapers, magazines etc. have personalised application which means that every individual uses that theoretical knowledge in their own way...

Objectives of management:- Every business organisation has some kind of objectives and management  help in achieving those objectives effectively and efficiently. Some common kinds of objectives are:- 1. Organisational objectives  - All business organisation has some basic objectives which they want to achieve.It includes economic objectives of a business.Like. Survival :     First and the most most important objective of organisation is to get survive in the market. Survival  means to earn enough revenues to cover costs  " Survival= No profit no loss "     Profit - After earning enough to cover cost the next important objective of business is to start earning. Extra earning extra is important for the success of business    Growth - After earning huge profits the next important objective of a business is to grow and expand. 2.  Social Objectives:-   As a business needs to perform some social responsibilities for the well b...

Characteristics /Nature /Features of Management:- Characteristics of management means the nature,feature or qualities of management. Management is a goal oriented process:               Every type of business organisation has some goals which they want to achieve. Management is a one which combines the efforts of different workers to achieve those goals.So, we can say that management is goal-oriented process as it helps in fulfilling the goals.      2. Management is all pervasive:              All pervasive means universally applicable.It is right to say that management is all pervasive which means management is applicable to each and every organisation whether it is public or private,profit earning or non profit organisation.      3. It is multidimensional:        It means management includes various dimensions Management of work management of people management of ope...

Introduction of management:- Management is a inseprable  part of a business organisation as it is required in all kinds of organisation whether they are manufacturing or trading. Management is essential for all organisation big or small , profit or non profit , services or manufacturing.  so. management is essential as well as inseprable because it help each and every individuals to contribute their best for the success of business. concept Management is a goal oriented process which aims at achieving the goals of business by getting the things done in effectively and efficiently manner Effectively In management effectively means to finish or complete the work/task in a given period/time.          Example   :-  If the manager of a business gives work to the manufacture 1000 units of product with in 10 days.And the manufacturing person is finished their work with in these days then  they are said to be effectively.       ...

INTRODUCTION OF SALES MANAGEMENT:- It means management of all the marketing activities including advertising,sales promotion marketing research, physical distribution, pricing, and product sale. Objective of sales management:- 1.  Achieving sales volume-  Sales volume should be achieved by more sales. 2.  Contribution to profit-  To sale the product at optimum price. 3.  Continuous growth Personal selling Personal selling is a selling interaction technique involved  between buyer to seller with direct communication. PERSONAL SELLING PROCESS 1  Locating prospective customers 2  Determining customer needs and wants that are not being satisfied 3  Recommending a way to satisfy 4  Change to capability of the firm and its product for providing satisfaction 5  Closing the sales and taking order 6  Following up and serving the account

 1. Roshni Nadar Malhotra Asia's richest woman is new chief of Noida based HCL  Tech . HCL is one of the largest software company of india Whose market capitalisation of 20.5 billion and it performs more than 46 countries  She was born in 1982 in New Delhi. She belongs to Nadar family .Her father's name is Shiv Nadar who is M.D . and C.S.O of HCL. Her mothers name is kiran Nadar Who is famous art collector of India She  is married to shikhar Malhotra in 2009 . Who is Vice Chairman of HCL  Heath care .  She did her primary education from Vasant Valley School New Delhi. She Graduates from Northwestern university in Illionois U.S.A . She studied communication with a famous radio/tv films .  She got M. B. A. from Kelly School of Management and Northwest University.She did her Internship from CNBC and CNN. She also works with SKY News U. K. and CNN. She joins HCl in 2009.She performs her function very well so she becomes the member of Board of Directors of ...

1.HDFC                   582930 cr 2.Kotaka Mahindra  259508 cr 3. ICICI Bank          224946cr 4.Axis Bank             119301cr 5.Bandhan Bank       56344 cr 6.Indulnd Bank          35735cr 7.Yes Bank                26167cr 8.AU Small finance   19046cr 9.IDFC First Bank     14776 cr 10.Federal Bank         10237cr 11.City union Bank    9190 cr 12. RBL Bank           8394 cr 13.Ujjvan Small       6005 cr 14.CSB  Bank          3035 cr 15. Karur Vysya       2613 cr 16.DCB Bank          2468 cr 17.Karnataka Bank 1419 cr 18. South Ind Bk     1366 cr 19.JK Bank          ...

The position of guru is above God in our culture because he teachs us what is the role, function, importance of God in our life. It is an auspicious occasion which honours Guru for providing knowledge tallent, skill, wisdom, to live our life by proper way. We remberbed our teacher and paid respect towards them. It is celebrated on the full moon day that is also known as purnima. It is celebrated in the Hindi month Ashadha. This day is also celebrated many countries of the world. Like in Nepal .It is called teacher's day. It is celebrated by many religious people like Hindu's, Jain, Budhist etc. Who workship Lord Buddha it is belived that Lord Buddha gives his sermon on this day at sarnath.

5 important disadvantage of advertising  1. High Price to Consumers: Advertising increases costs of product. Customers have to pay high price for the products heavily advertised. Companies do not forgo their profits. Thus, businessmen can earn more at a cost of customers. 2. Wastage of National Resources: Due to excessive use or proliferation of advertising, valuable national resources are wasted. In many cases, companies undertake rigorous advertising efforts without specific needs. 3. Impulsive Buying: It can ease unemployment problems by generating more employment opportunities 4. Commercialization of Inventions: It can ease unemployment problems by generating more employment opportunities

1.  It helps in introducing a new product in market by popularizing a product. 2.  It has the benefit of mass reach;eg.any message given on TV reaches to different corners of country. 3.  It helps in increasing the sale of product by building product goodwill and reputation. 4.  It helps manufacturers to contact public directly. 5.  It tells consumers about the uses,price, and advantages of product. 6.  It creates employment opportunities because a no. of people get hired to make advertisement  plans and also to act in it. 7.  It helps manufacturer to overcome competition.

According to koontz and oDonnell    "planning is deciding in advance what is to be done .when a manager plans,he project a course of action and basing of decision on purpose, knowledge and considered estimates''. According to louis A.Allen      ''Defines a plan '' is a trap laid to capture the future'' According to w.H.Newman  ''planning is deciding in advance what is to be done'' According  to Omran,   ''planning is the process by which an individual  or organisation decides in advance on some future  course of  action . According to Certo    ''planning is the process of determining how the  organisation can get where it wants to go . According to Urwick    ''planning is a mental predisposition to do  thing in orderly way,to think before acting  and to act in the light of facts rather than  guesses''. planning is deciding best  alternative managerial function in order to  achieve pr...