Posted inPrinciple of Management
The Management Environment
In this chapter, we will discuss the environment of management and the factors that affect the environment. The terms organization, administration and management are often used interchangeably. Sometimes they are used to mean one and the same thing. Organization is: The “collection, preservation and co-ordination of the elements of an enterprise in An integrated manner.” It brings together various resources of an enterprise into a single harmonious whole. It warrants the utilization of resources for the accomplishment of its objectives. Administration is: The efficient organization or utilization of the resources of an organization to achieve the goals.…













