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? The nature of management is like a mosaic, with each piece contributing to the bigger picture of organizational success. It’s universal, goal-oriented, and people-centric, requiring a blend of skills and ethical considerations. 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 ... Nature of Management, The 14 basic principles of management given by henry fayol are universal in nature. This means it has the same applicability all over the world.
