Study Notes

  Visit website sugarybloom.blogspot.com Business Management and Start ups(BMS) Module 2 Leadership and motivation BMS- Module 1 Principles and functions of management  new NEP syllabus Leadership Concept L eadership may be defined as a process of influencing group activities towards the achievement of certain goals. Thus, the leader is a person in a group who is capable of influencing the group to work willingly. He guides and directs other people and provides purpose and direction to their efforts. The leader is a part of the group that he leads, but he is distinct from the rest of the group.  As defined by George R. Terry “Leadership is the activity of influencing people to strive willingly for group objectives”. Leadership naturally implies the existence of a leader and followers as well as their mutual interaction. It involves inter-personal relation, which sustains the followers accepting the leader’s guidance for accomplishment of specified goals. Managers have to ...

visit website sugarybloom.blogspot,com Module 1  Principles & Functions of Management  Management – Meaning and Scope Meaning of management Management involves both acquisition and application of knowledge. It does not go by rule of thumb or intuition alone even though it is considered to be an extension of common sense. Hence, management is a combination of both an art and a science. The scientific approach lies in decision-making, planning and in the appropriate use of technology. The artistic approach to management can be found in the tasks of communicating, leadership and goal-setting.  Management is essential for all organisations big or small, profit or non-profit, services or manufacturing. Management is necessary so that individuals make their best contribution towards group objectives. Management consists of a series of interrelated functions that are performed by all managers.  BMS- Module 2 Leadership and Motivation  as per new NEP Syllabus PM -...