Management is concerned with conversion of diverse resourse people machines matrieal money time and space into a useful enterprise success a business enterprise depends on three importnt factors are how efficiently and efficiently it has used its human and physical resoces and how efficively it has adapted the enterprise to the prevailing business environment needs and desire of customers polices of competitors and economic social and political situation of the country and how far the existing business polices have succeeded in realising the aims and objectives of the business.
This calls for action on three fronts first of all it requires sound resources planning in connection with which management is required to make account forecasts about the availability of present and future human and physical resources for the accomplishment of its objectives is based on the availability of resources and the rassemblimg and organisation of resources will have to take into account the objectives.But since there is a limit to availability resources, management always keeps itself ready with alternative sets of objectives and plans.
Even plentiful availability of rsources is no guarntiee trouble free accomplishment of the objectives there may be uncontrolled changes in tasks and fashions entry of new compitotors or change in the sales or production methods of the existing competitors.
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