Nature of Management

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 a body of an organization. Management has certain features such as goal oriented, group activity, universal activity, dynamic, art and science, profession etc.

Importance, Function and Differences of Management and Administration

This note comprises the importance of Management in any business organization. The 5 most basic function of management which are planning, organizing, staffing, directing and controlling. And the concept of Administration and management and their differences.

Management as science, art and profession and Level of Management

We can understand that management can be considered as science, art and management as it fulfills the basic criteria. There are three level of management in any organization: Top level, Middle level and Lower level management.