Scope of Management.

The scope of management is very wide. The

various functional areas of management may
be classified into following categories.

*Production Management.

*Marketing Management.

*Financial Management.

*Personnel Management.
Production Management.
Production or Operation Management is the
Management of production so as to produce right
goods, in right quantities, at the right time an dat the
right cost.
The activities covered under this are :
* Designing the product.
* Operation of purchase and storage of materials.
* Planning and Control of factory operation.
* Inventory Control and Quality Control.
* Research and Development.
Marketing Management.
Marketing Management refers to the identification of
consumer needs and supply them the goods and
services which can satisfy their needs.
The activities involved are:
* Marketing research to determine the needs and
expectations of consumers.
* Planning and Developing suitable products.
* Selecting the right channels of distribution.
* Promotional activities like advertising and
salesmanship to communicate with the customer.
Financial Management.
Financial Management seeks to ensure the right
amount and the type of funds to business at the right
time and at the reasonable cost.

It activities involve:
* Estimating the volume of funds required for both the
long term and short term needs of business.
* Raising required funds at the right time.
* Ensuring proper utilization of funds.
* Administration of earning.
Personnel Management.
Personal Management involves planning, organizing,
controlling, developing, compensation of the human
resources in an enterprise.
The activities involved are :
* Manpower Planning.
* Recruitment.
* Training and Development.
* Appraisal.
* Compensation and Promotion.
* Personnel records and research.
End.