Management Process

 Difference Between Business, Profession and Employment Business: Business is where goods and services are purchased and sell or exchange of other purpose for money. Profession: Profession is required a person needs some kind of skill and knowledge in a subject or occupation and have Certificate on that subject from authorized place is called profession. Employment: Peoples those, who works in their organizations like bank, insurance companies in departments as a manager, clerks, assistants, peons, security guards and others employees in the organization. Difference Between Business, Profession and Employment in Table Form Basic Business Profession Employment Mode of establishment Entrepreneur’s Decision and other legal formalities if required Should be membership of personal body and practice certificate Service agreement and appointment letter Qualification No...

  Management Process Management is the steps or process to manage the Activities, Business uses Management process to produce Maximum Results. Management Process include Five Steps are as: 1) Planning 2)  Organizing 3) Staffing   4) Directing  5) Controlling    Discussing one by one in below - 1) Planning :  The First step in management process is planning. Planning is the Blue print of Future plan in which all details are made where all steps are defined and prepare and Planning helps every business to make success in future plan and without planning businesses does not take any decision regarding their day to day works. Planning helps in making Business plan, Sales plan, Budgets Forecasting, manpower requirement for works plan, materials required for business plan etc. The Planning basically used by Businesses and it helps everywhere in businesses and project managements   . 2) Organizing : Organizing is the second step of Manage...