What Are The Advantages And Disadvantages Of Management

At the very drawn of the society, management has been emerging under changing situations. And still now it has been redefining its implications throughout every sphere of our society. Management is now widely spread out mostly in business organization. In the paradigm of business, management is getting things done through and with the other people.1 (Institute in Omaha, Nebraska,)

In business and organization management is mainly responsible for achieving organizational goals among competitive advantages. Generally management focuses on attaining organization’s objectives effectively and efficiently, where as scientific management focuses on the analysis of the management scientifically to identify the best way to perform a job among various alternatives ways. Through one best way, scientific management facilitates each and every worker’s

Industrial reality is and must be made, for Marshall, of small, medium and large firms: each type of firm has good reasons for existing and has its own advantages and disadvantages. To large firms Marshall does not oppose small firms but weak firms, without initiative and innovative aim, leaving the dimension out of consideration since ‘the chief need of the large majority of modern industries is for alert intelligence, good judgement, promptness and trustworthiness in conduct on the part of the more responsible employees. In the second chapter of Industry and Trade, dedicated to scientific management, Marshall deals with the second important drift of scientific management, which states that traditional methods of labor are considered obsolete and must be changed. This implication of scientific management is less developed than the first one and is worked out scientific