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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.
What are the 14 Principles of Management? The 14 Management Principles by Henri Fayol (1841-1925) are: 1. Division of Work. Specialization permits the individual to make
write an assignment on corporate governance
how is planning an interdependent process?
Q. Define: Decision Making Decision making engages selection of best course of action among different alternatives courses of action.
Ask what is leadership
Core Competency: It is a specialty or fields of expertise in a given organization that exceeds or eludes its competitors and serves as the foundation for the industries to gro
Under uncertainty, the risk averter decision criterion is a. LaPlace. b. Maxi-max. c. Expected value. d. Maxi-min.
Group Discussion: The second qualitative methods mentioned above is group discussions (Also referred to as focus groups). In this types of research method the researcher
Criteria for the Evaluation of Observational studies: Evaluation of observational method performed by human beings should be done in terms of calibration reliability and validit
scopes of quantitative techniques in business
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