Management is simply the process of decision making and control over the action of human beings for the express purpose of attaining pre-determined goals”.
It is a comprehensive management system that integrates key managerial activities in a systematic manner, directed towards the efficient & effective achievement of organizational objectives.
decisions make up one of the core functional values that every organization adopts and implements to ensure optimum growth and drivability in terms of services and or products offered.
Frederick Winslow Taylor (20 march 1856-21 march 1915), widely known as F.W. Taylor, was an American mechanical engineer who wanted to improve industrial efficiency.
HENRY FAYOL has given the fourteen principles of management. He has made a distinction between management principles and management elements.
The economic condition keeps on changing over time in the line with the economic the business cycle, as an economy goes through expansion and contraction. The economic condition can be influenced by macro and micro-environment. Including monetary and fiscal policy, GDP growth rate, inflation rate, exchange rate.
The banking ombudsman scheme enables an expeditious and inexpensive forum to bank customers for resolution of complaints relating to certain services rendered by banks.
The unit trust of India(UTI) was established on 1st February 1964 under the ‘’Unit Trust of India Act, 1963’’ by the government of India.
It was established as a wholly-owned subsidiary of IDBI under the small industries development bank of India Act Oct 1989 as the principal financial institution for promotion, financing & development of industries in the small scale sector.