Principles of Management

CHAPTER 2

The Evolution and the Environment of Management

CHAPTER OBJECTIVES

After reading this chapter, you should be able to:

1. List the stages of evolution in management
2. Enumerate the various approaches to the study of management
3. Elucidate the environment of management
4. Understand the recent trends in management

India’s Inspirational Managers

The Aditya Birla Group’s history dates back to the 19th century when Seth Shiv Narayan Birla commenced trading in cotton. He expanded the business quickly even during India’s arduous times of the 1850s. During the early part of the 20th century, Ghanshyamdas Birla, the group’s founding father, set up industries in critical sectors such as textiles and fibre, aluminium, cement and chemicals. Understandably, ...