NTA UGC/NET/SET/JRF Commerce Paper 2 - 2024, | 2023 Fully solved paper | 4th Edition, Includes 2023 Solved Papers |

CORE MANAGEMENT CONCEPTS AND ORGANIZATION STRUCTURE

CONCEPT OF MANAGEMENT

Management has become so pervasive that there is no universally acceptable definition of management. Management involves both acquisition and application of knowledge.

Management is a combination of both art and science. The scientific approach lies in decision-making, planning and in the appropriate use of technology, while the artistic approach to management can be found in the tasks of communicating, leadership and goal-setting.

Some of the common definitions of management are:

1. Management is an organized body of knowledge. It is an art or process of getting things done through the efforts of other people.

2. Management is an art of creation and maintenance of an internal ...