Nature of Management
Management is the social process of an enterprise’s managers integrating and coordinating resources toward the achievement of common, explicit goals.
During the past six decades, it has become a distinct discipline with a body of knowledge. Organizational efforts for common goals can be traced back to the beginning of management as an art form.
The profession of management has also evolved in recent decades. Large and medium-sized enterprises in India and elsewhere are typically managed by professionals – managers with little or no ownership of the enterprise and who view management as a career.
The nature of management as a science, an art and a profession is discussed below:
