Scope of Management

 

Scope of Management

Scope of management is very wide being a universal and social process. It is needed at every level.

Scope of management may be categorized into 3 forms-

1.      Business management

§  Production management

§  Materials management

§  Laour management

§  Marketing management

§  Financial management

§  Personnel management

§  Office management

§  Transport management

§  Maintenance management

§  Export & Import management

§  Research & Development

 

2.      Non-Business management

§  Environment management

§  Event management

§  Technology management

§  Time management

§  Home management

§  Public Utility management

§  Health management

§  Education management

§  Defense management

§  Income & Expenditure management

§  Public Administration management

 

3.      Other area of management

§  Public Relation management

§  Customer Relation management

§  Conflict management

§  Innovation management

§  Computer management

§  Risk management

§  Investment management

§  Survey

The Scope of management in operational area of business management may e classified as:

1.      Production Management

2.      Marketing management

3.      Financial management

4.      Personnel management

 

1.      Production Management—it implies planning, organizing, directing, and controlling the production function so as to produce the right goods in right qualities, at right time and at right cost. It includes the following activities—

 

·         Designing the product

·         Location and layout of plant and building

·         Planning and controlling the factory operations

·         Operation of purchase and storage material

·         Repair and maintenance

·         Inventory cost and quality control

·         Research and development

 

2.      Marketing management—it refers to the identification of the consumer’s needs, and supplying them the goods and services which can satisfy their wants. It involves the following activities-

·         Marketing research to determine the needs and expectations of the customers.

·         Planning and developing suitable products.

·         Setting appropriate price

·         Selecting the right channel of distribution.

·         Promotional activities like advertisements, sales person group etc.

·         Taking feedbacks from the customers.

 

3.      Finance management- it seeks to ensure the right amount and right type of funds to business at the right time and at the reasonable costs. It involves following activities-

·         Estimating the short term and long term funds

·         Selecting the appropriate source of fund

·         Raising the required fund at the right time

·         Ensuring proper utilization and allocation of raised funds

·         Administration of earnings

 

4.      Human resource\personnel management- It includes planning, organizing and controlling the procurement(recruitment) , development, compensation, maintenance and integration of HR of an organization. It consists of the following activities-

·         Recruitment

·         Manpower planning

·         Selection

·         Training and development

·         Appraisals

·         Promotion and transfer

·         Retirement

·         Compensation

·         Employee welfare and services

·         Personnel record and research