New Concept of Management

Tagged with: ,
Posted on Saturday, January 31, 2009
Category: Management Introduction

Management in the Organization Definition of management

> The manner in which a business is operated, supervision and execution of management policies.
> For understanding the definition of management, the comparative between Management concept and other concept such as Administration is reviewed in this article.

Management and Administration
“These two words are slightly similar and can employ interchangable. Although, this 2 words are different in terms of practice. ‘Management’ refers to private sector. Whereas administration refers to public sector” (Sukotai Dhammatirat).

Format: HTML | Size: 20 KB

Source: e-learning.mfu.ac.th

Read This Article

More Interesting Content

  • Business Cycles and Fiscal Policy in an Open Economy
    The role of fiscal policy remains a controversial issue. In this paper, the role of demand management policy is consider...
  • What is Management
    Management focuses on the entire organization from both a short and a long-term perspective. Management is the manageria...
  • Four Functions of Management
    Any organization, whether new or old, whether small or big need to run smoothly and achieve the goals and objectives whi...
  • Concepts of Management
    Management is the art of human relations and the science of organizational leadership. Classical management theories acc...
New Concept of Management