WHAT M*****M**T IS?

Dear All,

Here, a little creature trying to present his views on management in the world of Porters & Kotlers, but his concept is very much different from many of the management gurus. His idea of management is very much inspired by the child present in his inner self. The concept has come from his Class IV theory of HINDI VYAKARAN (Hindi Grammar), i.e., "SANDHI VICHCHHEDH", that means to break down the words in small parts, so it becomes much easier to understand. The concept is somewhat difficult for those who have never gone through HINDI VYAKARAN, because no such theory is present in English and most of our research took place by using the medium of English. Let's be ready for the flight and tighten your seat belts for real understanding of "SANDHI VICHCHHEDH" theory. The concept is somewhat difficult for those who have never gone through HINDI VYAKARAN, because no such theory is present in English and most of our research took place by using the medium of English. Let's be ready for the flight and tighten your seat belts for real understanding of "SANDHI VICHCHHEDH" theory.

Take a word that can be easily broken down & at this point of time no other word is much appropriate then "MANAGEMENT". Now break it into parts:

MANAGEMENT = Manage + Men + T (Time)

No need to describe anything. It is well understood in itself. So the management science is quite easy for all of us.
It is a well-known fact that the role of 'M' is very vast in the field of management. Infact, Management Science comprises of 4 Ms:

• Man
• Money
• Machine
• Material

In the present world, when the service industry is growing considerably in comparison to manufacturing industry, the value of first two Ms, i.e., Man & Money, also increases in the same manner as compared to the other 2 Ms, i.e., Machine & Material. The main emphasis in any service industry is on Man (Human Resource) & Money/Time (TIME IS MONEY - as we heard since our childhood days).

On looking backward into history, we'll found that the origin of management studies came with the objective of increasing productivity that later on converted into Operation Management and further moved towards the Human Resource Management. The main concern of Operation Management is to save time and that of Human Resource Management is to increase quality of service with the help of improving or developing the human resource of organization. All other fields of management later on come from these two main areas.

Recently, the trend of the corporate is also changing world wide as most of the researchers and scholars start writing on Human Resource Capitalization after they came to knowing the fact that human resource is the most important and beneficial asset for any organization.

So what I (the little creature) want to say at this moment is that if each and every human being able to know the real meaning of "Management (Manage + Men + Time)" and applies it in his/her own life, then more then half of the problems of this world will automatically vanish.

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http://www.coolavenues.com/cafe/articles/prabhat_1.php