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NATURE AND SCOPE OF MANAGEMENT - UB

CHAPTER1 NATURE AND SCOPE OFMANAGEMENTL earning ObjectiveslDefinition of ManagementlLevels of ManagementlConcepts of ManagementlNature of ManagementlRole and Importance oflProfessionalisation ofManagementManagementlDistinction betweenlSkills of ManagementManagement and AdministrationlScope of ManagementEvery human being has several needs and desires. But no individualcan satisfy all his wants. Therefore, people work together to meettheir mutual needs which they cannot fulfil individually. Moreover,man is a social being as he likes to live together with other people. It isby working and living together in organised groups and institutionsthat people satisfy their economic and social needs. As a result thereare several types of groups, eg.

Nature and Scope of Management t 5 as is evident from the great rush for admission into institutes of management. Management offers a very rewarding and challenging career. Management as a Group Management means the group of persons occupying managerial positions. It refers to all those individuals who perform managerial functions.

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