NATURE OF MANAGEMENT

March 4, 2023March 4, 2023 Discipline: Business
Learning Goal: I’m working on a business case study and need the explanation and answer to help me learn.

“MANAGEMENT” 😀

CONCEPT_ management is the process of planning, organising, staffing, directing,and controling the resorces efficiently for achiving the organisational goals.

CHARACTERISTICS :

1.Goal oriented

2.Pervasive

3.Multi-dimensional

4.Continues process

5.Dynamic functionality


NATURE OF MANAGEMENT

1. As an ART : *Existence of theorectical knowledge

*Develop through Practical and Creative process

*Personalised application and skills

2. As an PROFESSION : *Well defined body of knowledge

*Existence of code of control

*Professional associaton (AIMA)

*Restriced entry

*Fees as remuneration for their services.

3. As an SCIENCE : *Arrange, organised systematic body of knowledge

*Universal validity

*Principles arrived at after experimentation.

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