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Management as a group refers to all those persons who perform the task of managing an enterprise. When we say that management of ABC & Co. is good, we are referring to a group of people those who are managing. Thus as a group technically speaking, management will include all managers from chief executive to the first - line managers (lower-level managers). But in common practice management includes only top management i.e. Chief Executive, Chairman, General Manager, Board of Directors etc. In other words, those who are concerned with making important decisions, these persons enjoy the authorities to use resources to accomplish organizational objectives & also responsibility to for their efficient utilization.
Management as a group may be looked upon in 2 different ways:
1. All managers taken together.
2. Only the top management
The interpretation depends upon the context in which these terms are used. Broadly speaking, there are 3 types of managers -
1. Patrimonial / Family Manager: Those who have become managers by virtue of their being owners or relatives of the owners of company.
2. Professional Managers: Those who have been appointed on account of their specialized knowledge and degree.
3. Political Managers / Civil Servants: Those who manage public sector undertakings.
Managers have become a part of elite group of society as they enjoy higher standard of living in the society.
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Management is the same as administration how true is this?
management and administration is same they two are a group activity
Why is management called a group activity?
management is concerned with getting things done through people. people join groups in order to achieve results collectively. management helps people in realising individual as well as group goals in a coordinated way
Why is management called group activity?
management is concerned with getting things done through people. people join groups in order to achieve results collectively. management helps people in realising individual as well as group goals in a coordinated way
Explain the systems concept of management?
concept of management are the following as under: meaning 1-management a process 2-management a group 3-management a disciplines 4-management an activity 5-communication 6-decision making 7-human relation
What is power in business management?
No business can survive without its management. This is because of the fact that management in its means of support. It is required in such place where group efforts are required to be directed towards achievements of common goals. Business is mainly a group activity and management plays a very important role in making it more effective.
Problem relating to the implementation of activity based costing and activity based management system?
Answering "Problem relating to the implementation of activity based costing and activity based management system
What is Robert Anthony Hierarchy of management activity?
Stategic , management and task
What is the difference between management and manager?
Management is an activity or function. Manager is the person who actually does the management
When was Professional Management Group created?
Professional Management Group was created in 1985.
What is the population of Management Consulting Group?
Management Consulting Group's population is 1,700.
Management can be thought of as a process a discipline a human activity and a career Discuss.?
"management can be thought of as a process, a discipline,a human activity and a career".do you agree?
Why is management a primary component in entrepreneurial activity?
what is management primary component in entrepreneurial
