New Economic Policy 1991 of India was established under the supervision of P. V. Narasimha Rao. After the achievement of independence, it was realized that for the accomplishment of growth and a self-productive economy
Values are specific mode of conduct or end-state of existence that is personally or socially preferable to an opposite or converse mode of conduct or end-state of existence.
The scope of management is not only limited to the implementation or formulation of policies, but the use of physical and human resources also comes under management.
The levels of management in the chain of command determine the amount of authority and status enjoyed by any managerial position.
Essential features of management involve goal-setting, decision-making, planning, teamwork, organizing, teamwork and controlling.
The importance of management is immense in a developing country like India. The reason is that the resources of the country are limited but the needs of the population are huge and varied.Â