BMS- 1st module Business Management & Startups | Principles & Functions of Management
visit website sugarybloom.blogspot,com Module 1 Principles & Functions of Management Management – Meaning and Scope Meaning of management Management involves both acquisition and application of knowledge. It does not go by rule of thumb or intuition alone even though it is considered to be an extension of common sense. Hence, management is a combination of both an art and a science. The scientific approach lies in decision-making, planning and in the appropriate use of technology. The artistic approach to management can be found in the tasks of communicating, leadership and goal-setting. Management is essential for all organisations big or small, profit or non-profit, services or manufacturing. Management is necessary so that individuals make their best contribution towards group objectives. Management consists of a series of interrelated functions that are performed by all managers. BMS- Module 2 Leadership and Motivation as per new NEP Syllabus PM -...