The functions and principles of management are universal, but according to the nature, size and another background of organizations, their application will differ according to circumstances. Explore the nature and scope of management—its core principles, key functions, and vital role in organizational success and decision-making. We define management as the process of getting things done through and with people to achieve a common goal effectively and efficiently. The nature of management can be analyzed in the terms of science, arts, and profession. To understand this topic, we should first know what does science means? 2. Effective leadership and motivation : Management is the developement of people. It develops people, their talents, skills, vision and more importantly working habits. Management makes group effort more effective. It enables the employees to work co- operatively & acheive goals in co-ordinated manners. Management creates teamwork & motivates employees to work hard and give better result in minimum time and cost by providing necessary guidance. 3. Establishing sound industrial relations ...
