What is management? explain its function in modern era?
Answers
Answer:
Explanation:
Management is the process of designing and maintaining a environment in which individuals working together in groups efficiently acomplish selected aims.
Managements function are:
Planning, organizing, staffing, directing, communication and controlling.
Management refers to the arrangements of the resources like man, machine, money, material, and power to accomplish the predefined work for the Organization, Event or Business.
EXPLANATION-
Management is the way of customization of resources under a specific condition to get the desired results with the utmost benefits.
Management is dynamic at the place of applications. It has a wider explanation and methodologies to work at different structures and levels.
As per the modern era -
Management is applicable at the universal level. In regards to the nature and style of working.
Nowadays, management is a core component of any business, event companies, etc.
The function of management in the modern era are -
Division of the work as per the skill set opted by the employee under a firm.
Uniformity is one of the essences that help to synchronize the whole firm's efforts to achieve the targets.
Flexibility is the other factor that is applied when working with the concept of management by any scale or nature of business.
Effectiveness and Efficiency these are the pillars of the management and need of the business or any entrepreneur to achieve within his working areas.
Conclusion-
The above given are an essential part of the function of management. This concept comes under a concept that creates the word management.
Learn more about management from the given link -
https://brainly.in/question/2039010