1) What are the responsibilities of Management ?

Ans) :- Business managers direct the talent and resources within an organization to advance strategic business goals. While that is a simple definition, management is becoming more complex as managers must respond to both planned and unplanned issues that might arise within the organization. The manager's job can also be marked by overload under the expectations to be both a generalist and a specialist.

trategic Planning

Planning and organizing is a core function of business management. Business planning involves developing business goals, and designing strategies and organizing business resources to advance those goals. Both internal data related to organizational performance and external data about the industry, markets and competition provide insights business management needs in order to direct the company's resources and identify organizational needs.

Decision-Making

Management is responsible for the decision-making in an organization, such as choices related to changes needed to adapt to external and internal factors that impact business operations. Management must also decide where to use capital resources within an organization. Other decision-making responsibilities include selecting suppliers and vendors for goods and services for the organization.

formational Role

Management is charged with informational responsibilities in an organization, disseminating relevant information within the workplace. This might include collecting, monitoring and reporting relevant data used to analyze business performance. A manager might also serve as the spokesperson for the organization, frequently responsible for transmitting organizational information to outsiders such as stakeholders and media professionals.

Interpersonal Role

Interpersonal communication is an important part of a manager's duties across the board when communicating with customers, employees and suppliers. As a leader within the organization, a manager is a symbol of leadership, setting the atmosphere and tone of the organization. Management also ensures that staff is properly connecting within the workplace. This includes developing effective teams to manage programs and projects that further business objectives, as well as managing conflict resolution systems.