Admin – manpower – personal management – human resourse management(HRM)- human capital management(HCM)

EFFICIENT = using resource wisely

EFFECTIVE = making the right decision and successfully implement them

CUSTOMER= who buys the product

CONSUMER= who uses the product

Eg: a boy went to shop to buy saree to his mother. In this case boy would be the customer and consumer would be the mother

MONEY: guarantee by the govt. Of that country on the face value

FINANCE: sourcing of funds

OPERATIONS: pre defined task and

Pre defined process

HUMAN RESOURCE: sourcing and developing of human skills

ADMINSTRATIVE: assisting to other funct to all other funct.

CULTURE: tradition+ belief of a particular class

CLASSICAL= culture

PYSCHOLOGY: study of mind set

NEUROLOGY: study of human mind

MANAGEMENT: optimum utilization of existing and available recourses and by how: effective and efficient manner

MANAGER: someone who primary responsibility is to carry out the management process

RESEARCH: finding out the facts which are already existing

SECONDARY RESEARCH: find out the facts which are already found by other people