Management
Management Management is an individual or a group of individuals that accept responsibilities to run an organisation. They Plan, Organise, Direct and Control all the essential activities of the organisation. Management does not do the work themselves. They motivate others to do the work and coordinate all the work for achieving the objectives of the organisation. Management brings together all Six Ms i.e. Men and Women, Money, Machines, Materials, Methods and Markets. They use these resources for achieving the objectives of the organisation such as high sales, maximum profits, business expansion, etc. Nature main characteristics or features of management: Continuous and never ending process. Getting things done through people. Result oriented science and art. Multidisciplinary in nature. A group and not an individual activity. Follows established principles or rules. Aided but not replaced by computers. Situational in nature. Need not be an ownershi...