Introduction to Management - Module 1

Module 1: Introduction to Management

• Management is a multi-purpose organ that manages a business and manages managers and manages workers and work.
• Management's systematic study and analysis is recent.
• Management was practiced as an art until the late 19th century.
• A broad theory of organization and management is emerging around some basic ideas, values, and propositions.
• Management is a distinct Social Science discipline.
• Management involves forecasting, planning, organizing, commanding, coordinating, and controlling.
• Management is a critical element of man's economic life.

Nature of Management

• Management is a process,
• Management is a universal activity,
• Management is a science as well as an art,
• Management is a group activity,
• Management is a system of authority.

Management Functions

• Planning
• Organizing
• Staffing
• Leading
• Controlling

Explore the foundational concepts of management in this introductory module. Learn about the nature, functions, and importance of management as both a science and an art. This quiz covers various aspects such as planning, organizing, staffing, leading, and controlling in the context of business management.