Paper Details

Name: Srinivasa Padmakar S & T. Sudhakar
Country: India

Year: 2025
Volume: Volume-12, Issue-2, Year-2025(Special Issue)
Page Number: 01-13
DOI: https://zenodo.org/records/17512621

ABSTRACT
Management is a tool for the successful growth and development of an organisation. As
opined by Peter F. Drucker father of Modern Management., Management is life blood, and
oxygen to the corporate level business organisation. Continuous flow of healthy blood,
breathing fresh natural oxygen is very important for the survival of human beings. In the
same way, the healthy and best practices, timely decisions, strong determination, unity of
direction, unity of command and well- functioning, efficient human services monitoring,
action planning, healthy working culture, and inspiring motivational activities of management
etc., are very much required for the successful growth and development of organisation. The
efforts and activities of management are continuous in nature. And the existence of
management is a mandatory in the organisation since long time.
Management and administration lead the organisation towards the accomplishment of
objectives and predetermined goals. Management is a goal setter, trouble shooter. and target
achiever. In every modern corporate level business organisation like public sector Company
organisations, Joint stock Companies, and in even in multinational corporations, management
plays an important and significant role.
In this chapter, certain dynamic concepts of fundamentals of H. R. management thoughts,
strategies of workforce management, recruitment & selections, maximum utilisation of H. R.
Services administrative dimensions of management, functions, power of decision-making,
centralisation and decentralisation, delegation of powers, management by objectives and the
role of different streams of management, theories of management, X and Y theories nature
and speciality of scientific management- contributions of F.W. Taylor, Principles of
management drafted by Henry Fayal are the topics which were discussed., for the
conceptual understanding of U.G and P.G. level students of Commerce and management
course, as they are the targeted group of this chapter.
Keywords: (Mandatory., Determination, Dynamics, Centralisation and Decentralisation,
Targeted group, Multinational corporations., delegation of powers, scientific management,
management by objectives).