What is Management ?
In the modern economic scenario all over the world- "Management" – as a stream of education and training has acquired new dimensions.
Management is an exciting field where you can have an immediate impact on the operations of any business. The field of Management is a constantly changing hotbed of activities. New tools and techniques are continually being introduced to improve the efficiency, productivity, and profitability of any organization. All organizations and their departments, functions, or groups use Management methodologies, which include problem solving techniques and guidelines for various related activities.
The modern day Business Managers are required to have proficiency in:-
- Functional knowledge of a business organisation
- In-depth knowledge of minimum one discipline of Management.
- The ability to adapt to new environments at micro and macro levels
- Problem analysing and solving.
- Inter-personal skills.
- Knowledge of functional interdependencies and adaptability.
- Communication skills.
- Self-confidence and motivational skills.
- Drive to succeed and control with initiatives.
Management can be christened as an art of conducting and directing the modern day organisational, businesses and other related activities. It characterizes the process of leading and directing various organizational activities - often a business and its various resources like human, financial, material, intellectual and so on. Management encompasses five basic functions such as Planning, Organizing, Leading and Coordinating.
An individual can achieve proper knowledge and training about management through management education. Educational institutions that teach management are usually called "Business Schools". A business school is normally a university-level institution that teaches topics such as accounting, finance, marketing, organizational behavior, strategic planning, quantitative methods, etc. These include schools of "business", "business administration", and "management".
Common Admission Test (CAT) 