Essay on Management

50231 Words Apr 24th, 2016 201 Pages
Subject: Management Concepts and Organizational Behaviour
Subject: Management Concepts and Organizational Behaviour
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Subject Code: MC-101 Author: Dr. Karam Pal
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Lesson No: 01 Vetter: Prof. Harbhajan Bansal
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Subject Code: MC-101 Author: Dr. Karam Pal
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Lesson No: 01 Vetter: Prof. Harbhajan Bansal
INTRODUCTION TO MANAGEMENT Objective: The objectives of this lesson are to enable to define management; to describe the nature and scope of management; to know the difference between management and administration; to
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Rather it is the power to determine what shall happen to the personalities and happiness of entire people, the power to shape the destiny of a nation and of all the nations which make up the world." Peter F. Drucker has stated in his famous book "The Practice of Management" that, "the emergence of management as an essential, a distinct and leading social institution is a pivotal event in social history. Rarely in human history has a new institution proved indispensable so quickly and even less often as a new institution arrived with so little opposition, so little disturbance and so little controversy?"
Management is a vital aspect of the economic life of man, which is an organised group activity. It is considered as the indispensable institution in the modern social organization marked by scientific thought and technological innovations. One or the other form of management is essential wherever human efforts are to be undertaken collectively to satisfy wants through some productive activity, occupation or profession.

It is management that regulates man's productive activities through coordinated use of material resources. Without the leadership provided by management, the resources of production remain resources and never become production.
Management is the integrating force in all organized activity. Whenever two or more people work together

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