Nature of management: What is Management

What is Management? Management is required for an established life and essential to managing all types of management. Sound management is the fortitude of thriving companies. Managing life implies getting everything done to accomplish life’s aspirations and maintaining an establishment means getting everything done with and by other people to deliver its objectives. To put it in other words, the organisation and coordination of the pursuits of an industry for the idea of accomplishing ... Learn the concept of management as a process of designing and maintaining an environment for efficient group work. Explore the nature, importance and functions of management as an art, science and profession. According to Bradford and Johnson, “Management is an intangible part of production which develops within the lives of men. It is first a mental process, a concentration of desires, a will power. In economic terms management is one of the factors of production together with land, labour and capital. The nature of management is like a mosaic, with each piece contributing to the bigger picture of organizational success. It’s universal, goal-oriented, and people-centric, requiring a blend of skills and ethical considerations.