GENERAL KNOWLEDGE

Detailed explanation-1: -Business Management: The activities associated with running a company, such as controlling, leading, monitoring, organizing, and planning. Management in all business areas and organizational activities are the acts of getting people together to accomplish desired goals and objectives efficiently and effectively.

Detailed explanation-2: -Management is defined as an act of managing people and their work, for achieving a common goal by using the organization’s resources. It creates an environment under which the manager and his subordinates can work together for the attainment of group objective.

Detailed explanation-3: -In the simplest of terms, business management refers to the coordination and administration of business activities, tasks, and resources to achieve a set objective. This often involves supervision and training of staff, overseeing core operations, and designing company infrastructure to optimize for the future.

Detailed explanation-4: -Management is the process of planning and organising the resources and activities of a business to achieve specific goals in the most effective and efficient manner possible. Efficiency in management refers to the completion of tasks correctly and at minimal costs.

Detailed explanation-5: -It is called an art because managing requires certain skills which are personal possessions of managers. Science provides knowledge & art deals with the application of knowledge and skills. To be successful in his profession, a manager must acquire the knowledge of science & the art of applying it.