Nature of management: What is Management

What is Management? Management is required for an established life and essential to managing all types of management. Sound management is the fortitude of thriving companies. Managing life implies getting everything done to accomplish life’s aspirations and maintaining an establishment means getting everything done with and by other people to deliver its objectives. To put it in other words, the organisation and coordination of the pursuits of an industry for the idea of accomplishing ... MEANING; The organization and coordination of the activities of a business in order to achieve defined objectives. Management is often included as a factor of production along with? machines, materials, and money. According to the management guru Peter Drucker (1909-2005), the basic task of management includes both marketing and innovation. Practice of modern management originates from the 16th century study of low-efficiency and failures of certain enterprises, conducted by the English ... The nature of management is like a mosaic, with each piece contributing to the bigger picture of organizational success. It’s universal, goal-oriented, and people-centric, requiring a blend of skills and ethical considerations. 2. Effective leadership and motivation : Management is the developement of people. It develops people, their talents, skills, vision and more importantly working habits. Management makes group effort more effective. It enables the employees to work co- operatively & acheive goals in co-ordinated manners. Management creates teamwork & motivates employees to work hard and give better result in minimum time and cost by providing necessary guidance. 3. Establishing sound industrial relations ...