Management is the very need of the modern era we live in to add
an immense value to the quality of human life demanding as an
academic body of knowledge, while paving the ways for more
prospects; contributing greatly with its abiding and
compensating features for even flaws ad infinitum. Though there
is many a definition of management, but it would be suffice in
this context to define management as the act or skill of dealing
with situations or people in a successful way. It also means the
act of running and controlling a business. The art of managing
reveals in various situations relating to human life such as, to
succeed in doing something, especially something difficult, to
be able to solve problems while using money and time and
information in a sensible way. As regards business, it is
running a business or managing a team or an organization keeping
them under control. The need and importance of management is
clearly apparent and duly acknowledged in all the spheres of
human life. There is no doubt about