Question

Name any one new technology of management developed on the basis of principles of management

Answer 1

Management is the process of reaching organizational goals by working with and through people and other organizational resources. It is a process or series of continuing and related activities. It involves and concentrates on reaching organizational goals. It is the art of getting things done through others. Management means leadership. It reaches these goals by working with and through people and other organizational resources. Management can be an art as well as a science. It is based both on principles and observations. With the changing time, management has also become a profession. Management is a science since it is based on principles and observations. It has clear boundaries of application so that the theory is not used in situations for which it was never intended. Management is an art since it requires practice. With years and years of practice and experience, people become excellent managers. Therefore it is an art which cannot be learned by reading books. Lastly, management is a profession since it is being taught in various institutions across the globe.

What we consider to be a skill developed in the modern era by the developed mind has actually been in use even thousands of years back. Management has definitely gained great importance and skill in this age of modernization but it had evolved even before the Egyptian times. Though it is a relatively new field of academic interest, it has its foundation laid in the history of the world. Even today, there are many old practices followed in today’s principles of efficient management. It is true that every technique of today’s generation has evolved from the history and this is also the truth that many practices of the earlier times are followed even today. The great skills of management can be seen in the building of the Pyramids as well in the battles of the earlier times. With the passing of years, management is facing great changes. Its tools and techniques, principles and application are altering as per the comfort of the man and the benefit of the society.