Principles of Talent Management
There are no hard and fast rules for succeeding in execution of management practices, if you ask me. What may work wonders for one organization may ruin another one! For convenience sake however there are certain principles of Talent Management that one should follow or keep in mind. Principle 1 – Avoid Mismatch Costs In […]
Leadership in the Time of Epic Changes and Struggles Over Ethics and Values
Leadership in Times of Crisis The world is changing at a frenetic pace and with these changes; the world of business is being affected as well. No longer can business leaders take their positions of their companies for granted and instead, they have to contend with slipping market share, decrease in profits, shareholder activism, and […]
Importance of Negotiation in Daily Life
Conflict has never benefitted anyone, instead it adds to one’s tensions and anxiety. It is better to discuss things and reach to an alternative benefitting all. Issues must not be dragged unnecessarily and efforts must be made to come to a conclusion involving the interests of all. No point in being adamant and rigid. One […]
Advantages of Banking as a Service
In the previous articles, we have already studied open banking as well as banking as a service. Many people tend to get confused between the two and think that both the terms refer to the same business model. However, this is not the case. Open banking is more of a technical term that is used […]
Leadership in the Digital Age and Why Contemporary Leaders Must Master These Skills
The End of the Command and Control and Top down Hierarchical Organisations The Digital Age is well and truly upon us. Compared to the earlier eras in business and society, the Digital Age needs new skill sets and mastery of these attributes would determine success or otherwise in the ongoing Fourth Industrial Revolution. Right from […]
Management as a discipline refers to that branch of knowledge which is connected to study of principles & practices of basic administration. It specifies certain code of conduct to be followed by the manager & also various methods for managing resources efficiently.
Management as a discipline specifies certain code of conduct for managers & indicates various methods of managing an enterprise.
Management is a course of study which is now formally being taught in the institutes and universities after completing a prescribed course or by obtaining degree or diploma in management, a person can get employment as a manager.
Any branch of knowledge that fulfils following two requirements is known as discipline:
Since management satisfies both these problems, therefore it qualifies to be a discipline. Though it is comparatively a new discipline but it is growing at a faster pace.
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