Question

Explain the management process in details Explaination as possible.

Answer 1

1. Body of Knowledge:

Management lias now developed into a specialized body of management theory and philosophy. Management literature is growing in all countries.

 

2. Management Tools:

Tools of management have been developed such as accounting, business law, psychology; statistics, econometrics, data processing, etc.

 

3. Separate Discipline:

Management studies in many universities and institutions of higher learning are recognized as

4. Specialisation:

There is a growing tendency to select and appoint highly qualified, Lraincd, and experienced persons to manage the business in each functional area of management.

 

5. Code of Conduct:

Enlightened businessmen have recognized that business management is a social institution and it has social responsibilities to be fulfilled towards customers, employees, and the public

6. Professional Association:

The business Management Associations in many countries promote the spread of knowledge in all management areas and build up the bright public Image of the managerial profession.

Details in above.