Nature of management: We define management as

We define management as the process of getting things done through and with people to achieve a common goal effectively and efficiently. The nature of management can be analyzed in the terms of science, arts, and profession. To understand this topic, we should first know what does science means? MEANING; The organization and coordination of the activities of a business in order to achieve defined objectives. Management is often included as a factor of production along with? machines, materials, and money. According to the management guru Peter Drucker (1909-2005), the basic task of management includes both marketing and innovation. Practice of modern management originates from the 16th century study of low-efficiency and failures of certain enterprises, conducted by the English ... Explore the nature and scope of management—its core principles, key functions, and vital role in organizational success and decision-making. Modern Concept of Management Management is a process through which an organisation designs and maintains an environment in which individuals work together with the motive of achieving organisational goals effectively and efficiently. The three essential elements that come under the modern concept of Management are as follows: 1. Management is a 'Process': Management involves a series of int-related functions like planning, organising, staffing, directing, and controlling, which makes it a ...