Nature of Management in India

Management in India has various aspects allowing people to grow economically. With the growing demand of the management program and the increase in the number of aspirants every year, management program will grow more likely to 14% in the coming years from 2024 to 2030. There is a very valid reason for the growth of management program in India as it focuses on finance, economic development, resource management, decision making, behaviour management etc.  For example, recent graduates go for management courses in order to enter the industry with a decent package and company, business owners go for management courses in order to understand about various verticals of their business well so they could handle it all better and the people already into the workforce go for management courses to accelerate their career growth and get better opportunities with increased salary hike and promotions.

What is Management?

The word ‘management’ refers to all the activities and tasks undertaken by an organization’s employees to achieve organizational goals. Any company’s success depends on the strength of its managerial positions.

Management is collaborating in the planning, organizing, directing, and controlling phases of all available resources effectively. This helps organizations focus their efforts towards achieving a common vision.

Management is a flexible concept and it has various ways of usage. To explain nature and scope of management, you must understand its different contexts. Here are some of the categories that describe management in different contexts.

 Management as an activity

As an activity, management is responsible for overseeing the daily tasks and accomplishments of their employees. This helps prioritize activities and monitor progress which helps in overall growth. It also helps prevent task repetition and miscommunication since everyone is aware of their roles and responsibilities. It promotes accountability and clarity — the pillars of business growth and success.

Management as a process

Management as a procedure aims to increase the efficiency and productivity of a company. The goal is to strengthen the client base, improve skills, gain knowledge, and increase the capacity of employees to achieve the set targets. Management is a never-ending process; it brings various individuals and teams together. Everyone works towards achieving common objectives.

The following are some of the importance of management as a process:

• Integrated process: Management of a company brings together physical, human, and financial resources. So, it is also responsible for integrating human efforts to keep them in harmony.
• Social process: Management involves interpersonal interactions. The most crucial aspect of management is the human factor. Only when employees of a company have productive and harmonious relations can goals be achieved.
• Interactive process: Managerial functions are associated with one another. When creating plans, managers also establish control standards.
• Continuous process: In management, it is necessary to identify and resolve problems continuously. It is repeated daily until the organizational goals are in hand.

3. Management as a profession

Management as a profession has gained a lot of popularity in recent times. Many organizations seek individuals with an MBA (Master of Business Administration). Having specialized knowledge helps people gain a competitive edge, making them ideal candidates for managerial roles. MBA graduates are important in almost every industry. A study showed that 95% of consulting sector recruiters planned to hire MBA graduates.

Nature And Scope Of Management

The nature and scope of management is a broad topic. However, we have discussed the nature and scope of management separately to help you understand them easily. Nature of management is quite a puzzle to comprehend. So, here we have broken the complexity of Management in India.

1. Universal

Management is universal as it’s common and crucial in all organizations. You can apply the principles of management in all situations regardless of the nature, location, and size of the enterprise. Management’s universality implies that its skills are communicable from one person to another which allows managers to get trained and develop those skills. This communication of interpersonal skills among the employees creates an environment learning in the work field.

The skill of management has applications in every field because the subjects are so vast and compatible with business demands. For example, the knowledge of decision making, finance, economics, sales, etc. is of importance in any other business across the domains. So someone having studied either or all of these courses would find a way to grow in the company because of the relevant nature of the courses.

2. Social 

Management involves maintaining people in a disciplined group. An elite type of manager has to interact with various levels of dynamism, understanding, and sensitivity. An ideal Management requires retaining, motivating, and allowing people to grow at work and ensuring their satisfaction as social beings.

The management course exposes you to a portal of  many opportunities for the employees to work with various teams, also they get an opportunity to work in leadership positions. To work with different teams having a basic understanding of other departments is necessary.

Managing teams is another scope management plan, where the management understanding comes into the picture. To bring productivity out of a team having different personalities, strengths and weaknesses is a master skill.

Also, post-Covid the work culture has turned hybrid, where motivation and productivity are the utmost output a company expects. To keep that in check social skills are of importance as the team should focus on productivity but equally be sensitive and motivating to achieve the results.

3. Intangible

Management is intangible. It’s not a thing or object that you can touch but you can sense its presence through the outcomes of its efforts as adequate, orderly work output and employee satisfaction.

Management is an abstract concept, where the effects are being felt. For example, when a team is productive, meets its targets, achieves the results, and stays motivated the management is praised. Because when the team is together achieving a result there is some strategy, and motivation that is working behind the scenes.

On the other hand, when the team’s morale is down, not able to achieve the targets, and remains unproductive. Then also the management steps in to understand the reasons behind the team’s inability to perform. Basically, it is the management that is the driving force behind the productivity.

4. Dynamic

Management is dynamic as it needs to remain equipped to face various changes in the corporate environment caused by social, economic, technological, political, or human factors. “It inspires and thrives on dynamic action.” 

Not every day looks the same, each dawn rises with new a sun and sum of possibilities along with rays of new challenges. This is where the skillsets of the management comes into the picture. The corporate world requires its employees to have a go-getter attitude and that comes only when one has the confidence and basic knowledge of thinking critically.

5. Goal-Oriented

All the activities including in management processes are goal-oriented. They all are driven by the emotion of achieving specific goals. Management processes aim to achieve the organization’s goals that are practical and realistic.

It is purposeful as its success is directly proportional to the extent to which it achieves the desired goals.

In order to achieve the goals, it is necessary to be strategic and have a vision. The goals are achieved by having a proper strategy and if the situation arises, having the flexibility to quickly adapt to the new change.  Strategy creation is also an elite skill to acquire, possessing the ability to critically think and to make everyone in the team align is what it takes to extract the best of less.