Q. Identify different types of management?

Management in all business and organizational activities is

the act of getting people together to accomplish desired goals andobjectives using available resources efficiently and effectively. Management comprises planning, organizing, staffing, leading or directing, and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal.Resourcing encompasses the deployment and manipulation of human resources, financial resources, technological resources, andnatural resources. Since organizations can be viewed as systems, management can also be defined as human action, including design, to facilitate the production of useful outcomes from a system. This view opens the opportunity to 'manage' oneself, a prerequisite to attempting to manage others.

Democratic management:
In a democratic style, management will make decisions which are agreed upon by the majority of employees, therefore the workers feel involved and important to the organization. By involving the employees, management will be better informed to make the right decisions and harvest new ideas from the people who are involved in the day to day business of the company.

Autocratic Management:
An autocratic manager cuts an imposing and knowledgeable figure; decisions are made quickly and forcefully without involvement from anyone else. Other peoples judgments and suggestions are usually neither listened to nor considered. A truly my way or the highway attitude towards the employees.

Laissez-faire management:

The Laissez-faire management will take a back seat role in the company, providing guidance when needed, the employees are allowed to let their own ideas and creativity flourish in their specific areas. The manager is looked upon as more of a mentor than a leader.

Paternalistic Management:
A paternalistic type of management encourages feedback from the workers to the leaders, essentially to maintain good morale and loyalty. It is the manager who will make the final decision, but the leader will listen to ideas and suggestions from the workers. Decisions are usually made in the best interest of the employees and business.

H.R management :
Human resource management (HRM, or simply HR) is the management of an organizations workforce, or human resources It is responsible for the attraction, selection, training, assessment, and rewarding of employees, while also overseeing organizational leadership and culture, and ensuring compliance with employment and labor laws. In circumstances where employees desire and are legally authorized to hold a collective bargaining agreement, HR will also serve as the company's primary liaison with the employees' representatives (usually a labor union).

Marketing management:
Marketing management is a business discipline which is focused on the practical application of marketing techniques and the management of a firm's marketing resources and activities. Rapidly emerging forces of globalization have led firms to market

beyond the borders of their home countries, making international marketing highly significant and an integral part of a firm's marketing strategy.

Finance management:
Finance is the study of how people allocate their assets over time under conditions of certainty and uncertainty. A key point in finance, which affects decisions, is the time value of money, which states that a unit of currency today is worth more than the same unit of currency tomorrow. Finance aims to price assets based on their risk level, and expected rate of return. Finance can be broken into three different sub categories: public finance, corporate finance and personal finance.