make will compile the binaries in most cases so they are all end up in current directory and subdirectories. The principal of operation of make is Makfile usually found in the root directory of the untarred software, take a look inside, you might not understand a fair bit of it but you'll see different targets for make they usually one-worded and appended by a colon ":"
for instance, so when the plain make compiles the software you want to install it otherwise you'll have to descent into that directory every time to run it or adjust your PATH everytime to included newly created directory/yada/bin or something along these lines. So the basic starndard procedure to install the software is to run
as a superuser, so it'll install the compiled binaries to a common directory for instance /usr/local/bin (it is defined by --prefix= while running configure, and usually defaults to /usr/local)