Business Organisation and Management, 1st Edition by Pearson

16

Nature and Significance of Management

LEARNING OBJECTIVES

After studying this chapter, you should be able to know —

• Introduction
• Meaning of Management
• Different Schools of Thought
• Management as a Process
• Management as an Activity
• Management as a Discipline
• Management as a Group
• Nature of Management
• Management as a Science
• Management as an Art
• Management both Science and Art
• Management as a Profession
• General Objectives of Management
• Importance of Management
• Management and Administration
• Distinction Between Management and Administration
• Levels of Management — Top, Middle, Supervisory
• Functions of Management — Planning, Organising, Staffing, Directing, Controlling, Co-ordination
• Co-ordination — Meaning, Nature and Importance

INTRODUCTION ...