The complexity of a business grows with time. Managing a corporate concern has grown more challenging as complications have become less complicated. The importance of having a management system in place has skyrocketed.
“Management is not a matter of pressing a button, pulling a lever, issuing orders, scanning profit and loss statements, promulgating rules and regulations. Rather it is the power to determine what shall happen to the personalities and happiness of entire people, the power to shape the destiny of a nation and of all the nations which make up the world”
E. Demock
Principles of Management are necessary not just for businesses, but also for banks, schools, colleges, hospitals, hotels and religious organizations, Trusts for charitable purposes, etc.
Every company unit has its own set of goals. These goals can be met with the help of multiple people working together. Through the management process, the labor of many personas is appropriately coordinated to fulfill the goals.
“The Emergence of Management as an essential, a distinct and leading social institution is a pivotal event in social history. Rarely has a new basic institution, a new leading group, emerged as fast as management since the turn of this century. Rarely in human history has a new institution proved indispensable so qucikly and even less often has a new institution arrived with so little opposition, so little disturbance and so little controversy.”
Peter F. Drucker (In his book “the practice of management”)
Managers with a varied set of talents are required in any organisation, regardless of size, nature, or location. Regardless of the type of organisation in which they work, managers are frequently accountable for a group’s performance.
The interface between managers and workers has developed from the old master-servant dynamic, making organisational administration more complicated.
A manager is someone who, through organising their job actions, works with and through others to attain organisational goals. Managers can hold a variety of titles and have a variety of duties.
They are in charge of a wide range of duties and responsibilities, as well as improving profitability and performance. Managers work in a wide range of divisions and for a wide range of businesses. Managers must motivate this team to succeed.
Nature of Management
- Introduction to Management
- Meaning of Management
- Definition of Management
- Features of Characteristics of Management
- Functions of Management
- Importance of Management
- Administration and Management
- Difference between administration and Management
- The Manager
- Functions of a Manager
- Role of Manager
- Responsibilities of Manager
- Entrepreneur and Manager
- Management as Profession
- Meaning of Profession
- Definition of Profession
- Characteristics of Profession
- Obstacles to Management Being a Profession
- Professional Management
- Need for Efficient Professional Management
- Professionalisation of Management in India
- Yardsticks of Professionalisation of Management
- Arguments for the Professionalisation of Management
- Arguments against Professionalisation of Management and Model Questions.