Nature of Management

Subject: Business Studies

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Lesson Info

  • Notes 3
  • Videos 0
  • Exercises 14
  • Practice Test 0
  • Skill Level Medium

Overview

Concept, Meaning, Characteristics, Function of Management. Management as Science, Art and Profession. Level of Management

Notes

Concept and Characterstics of management

Management is the process of coordinating and controlling human efforts in order to get the desired results and output. Management can be viewed as a subject, process or body of an organization. Management has certain features such as goal-oriented, group activity, universal activity, dynamic, art and science, profession, etc.

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Importance, Function and Differences of Management and Administration

Management is one of the most essential parts of every organization. Management is one of the key reasons for modernization and industrialization. The five basic functions of management is planning, organizing, staffing, directing and controlling. 

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Management as science, art and profession and Level of Management

We can understand that management can be considered as a science, art, and profession as it fulfills all the basic criteria. It can be treated as a science, art or profession. There are three levels of management in an organization: Top-level, Middle Level, and Lower level management.

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