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.