In the contemporary business environment, managerial practices can be articulated as an important and essential character. Management, in its widest sense, includes multiple disciplines. Management as a separate domain emerged as an exciting area, both for the students and for the management practitioners in industries. It deals in and encompasses planning, organizing, staffing, directing, control and decision-making processes involved in organizations. Management as a separate subject focuses on the analysis of best managerial practices for growth and development of an effective working environment. The practice of management is significantly influenced by the highly competitive working environment in which the management practitioners have to operate well and perform wisely. In order to face the challenges of growth and competition, the managers have to improve their managerial competencies to optimize their performance and take right decision at the right time. This book is designed for use by students who are seeking the basic knowledge of management domain. A large body of available literature on the domain has been consulted to incorporate the book with the contemporary practices and thoughts. For more information, please visit https: //centralwestpublishing.com