Functions of Management Various management scholars studied different organizations at different times; they identified the functions of management in their own ways. Henry Fayol, the father of functional or administrative management remarked: ―To manage is to forecast and plan, to organize, to command, to coordinate and to control‖ Thus, Fayol classified management functions into five… Continue reading FUNCTIONS OF MANAGEMENT
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SCOPE OF MANAGEMENT
Scope of Management The scope is very broad enough, so it becomes very difficult to precisely state the scope of management. However, management includes the following aspects in scope:- Read more
NATURE OF MANAGEMENT
Fig 1 . Nature of Management Management is Goal-Oriented: The success of any management activity is retrieved by its achievement of the predetermined goals or objective. Management is a persistent activity and a tool which helps use of human & physical resources to fulfill the predetermined goals. For example, the goal of an enterprise is… Continue reading NATURE OF MANAGEMENT
Definition of Management
In the words of Harold Koontz, “Management is an art of getting things done through and with the people in formally organized groups. It is an art of creating an environment in which people can perform and individuals and can co-operate towards attainment of group goals.” As per F.W. Taylor, “Management is an art of… Continue reading Definition of Management
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