Management
is the act of coordinating the efforts and act of a group of people in an
organization to accomplish a common desired goal. Management basically comprises of proper
planning, organizing, staffing, delegating, controlling of an organization. Business
and Management studies basically equip students with a broad range of knowledge
that is required for students in practical business while working for public or
private sectors. It gives them a
practical understanding of how things work in business and organizations giving
them a brief insight of markets, operations, people, finance, information
systems, strategies etc. It also gives
them an idea about ethical implications of business operations such as fair
trade etc.
The
key role of managing is also to be able to relate to other people,
understanding their needs and requirements, taking into considerations their
ideas, practicality etc. A good manager should have the ability to effectively
solve a problem and make proper decisions at the right time with a presence of
mind foreseeing the contingencies etc. He should be also be stern as well as
sensitive in relation to business and management issues.
There
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