Management is as old as the human society and for several thousands of years it was just a mental process and actions, decisions were made on the spot itself. The need for learning management as body knowledge arouse with the increasing scarcity of resources, both qualitatively and quantitatively. As the environment become more and more complex and the competition increased it become necessary for the people to think of the alternative use of resources. Thus it called for choosing the right resources and right course of action to achieve the desired goals. Management is the process of directing the action of an organisation to realize the specified goals. It provides a coordinated link between the people engaged in the achievement of common objectives. Management depends on the familyvalues and resources.
Example: The families valuing education may decide to spend on education of children rather than luxurious items. On the contrary families valuing exhibition of high standard of living may spend more on luxurious items like furniture, interior decoration etc.
Management is important for the successful accomplishment of the goals of the family and it acts as a motivator to achieve goals by focusing all activities and efforts towards them. Thus, management in home is essential and is a valuable means of accomplishing growth and development of each and every family member. Effective management can find ways of achieving the objectives regardless of the limitation of the available resources.
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