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Q.State the various concepts of management.

Uttar Pradesh UpmspUP Board (UPMSP) Intermediate (Commerce) 2022Subjective· 10mImportance★★★★★
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Management is understood as a process, an activity, a discipline, a group of people, and as a science-cum-art — together giving its full concept.

The term 'management' is used in several senses, and each gives one aspect of its concept:

  1. Management as a Process — Management is a process made up of interrelated functions — planning, organising, staffing, directing and controlling — performed to achieve goals. This is the most common view.
  2. Management as an Activity — Like any purposeful activity, management involves specific activities: informational (gathering and sharing information), interpersonal (dealing with people) and decisional (taking decisions).
  3. Management as a Discipline (Subject) — Management is a branch of knowledge that can be systematically studied, taught and learnt; it has its own principles and theories.
  4. Management as a Group of People — The word 'management' also refers to the group of managers (from top executives to supervisors) who run the organisation — 'the management has decided…'. …

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