CONCEPT OF MANAGEMENT

1. Management : A Process
Management a process which includes functions
Functions to transform resources into products
Men
Machine
Methods
Resources Money
Materials
Market
Management
2. Management : A Group
Management as a group refers to those who
carry the activities of management
Ex. Chairman of Board, Board of Directors,
Managing Directors, Chief Executives, Decision
Making authorities
3. Management : A Discipline
It has been developed as a full fledged subject
for study
Discipline: an area of knowledge, a subject that
people study or are thought.