CHAPTER 1

Introduction to Management

CHAPTER OBJECTIVES

After reading this chapter, you should be able to:

  1. Understand the meaning and characteristics of management
  2. Enumerate the objectives, levels and functions of management
  3. Discuss the roles of management
  4. Differentiate between management and administration
  5. Debate whether management is science, art or profession
  6. List the challenges facing management

India’s Inspirational Managers

Mukesh Ambani is the Chairman and Managing Director (CMD) of Reliance Industries Limited (RIL), the flagship company of Reliance Group. As a result of Mukesh’s effective leadership and path-breaking management practices, RIL has now become the largest private-sector enterprise in India and also features ...

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