Management Principles: Concepts and Thoughts

Management is a process of organizing and directing the resources of an enterprise towards the achievement of certain objectives lay down by the same organization. It is an art as well as a science, as it involves the scarce skills of human beings and it promotes knowledge, like other sciences, which may be useful to the humanity. Management has grown as a separate discipline drawing upon the knowledge and skills of various disciplines like economics, commerce, cooperation, finance, political science, sociology, statistics, demography, quantitative techniques, engineering, ecology, geography, biology, etc. Management uses the relevant information from these disciplines and integrates them to form a multi-disciplinary and cross functional field of study and develops a broad-spectrum approach in dealing with organizational problems.