Management - meaning and scope
It is very difficult to accurately define management. There is no universally accepteddefinition of management. Management involves both acquisition and application ofknowledge. It does not go by rule of thumb or intuition alone even though it isconsidered to be an extension of common sense. Hence, management is acombination of both an art and a science. The scientific approach lies in decision-making, planning and in the appropriate use of technology. The artistic approach tomanagement can be found in the tasks of communicating, leadership and goal-setting.A few commonly used definitions of management are given below:
The above definitions and a study of management literature would reveal the following characteristics of management.