Management defined as all the activities and tasks undertaken for archiving goals by continuous activities like; planning, organizing, leading and controlling.
Management is a process of planning, decision making, organizing, leading, motivation and controlling the human resources, financial, physical, and information resources of an organization to reach its goals efficiently and effectively.
Threefold Concept of Management
To understand the definition of management and its nature, a threefold concept of management for emplacing a broader scope for the viewpoint of management.
We can say management is a;
Management is an Economic Factor
For an economist, management is one of the factors of production together with land, labor, and capital.
As the industrialization of a nation increases, the need for management becomes greater.
The managerial resources of a firm determine, in large measure, its productivity and profitability. Executive development, therefore, is more important for those firms in a dynamic industry in which