management is key of business

Management is as old as human civilization. The concept of management in fact has been in practice since ancient times.However the study of management has been started after industrial revolution.The development of science and technology has force the emerge of new concept s of management.Many psychologist, sociologist, anthropologist consider management to be a very important.

Management plays vital role in business. Without proper management no business organization can get success.Many business organization fail in first few years of operation due to the lack of proper management. Management is both art and science, which help to develop the creativity and help to be practical.Management is the art of getting things done through others ,which help to achieve success in business.If there is no management ,there no existence of business.Study of management philosophy help to get success in business. If business fail not only financial and physical resources wasted ,but also individual suffer from psychological damage. Clearly business failure can be avoided through management practices;a reason why management is a subject of increasing importance. Only those managers can be success who have good knowledge about management.Management is heart of any business organization.