Strategic Management: Formulation and Implementation

The Scope Of Management

 Management is needed in all types of organized activities. Moreover, management principles are applicable to all types of organizations, including profit-seeking organizations (industrial firms, banks, insurance companies, small business, etc.) and not-for-profit organizations (governmental organizations, health care organizations. educations organizations, churches, etc.). Any group of two or more people working to achieve a goal and having resources at its disposal is engaged in management. Obviously, a manager's job is somewhat different in different types of organizations, exists in unique environments, and uses different technology. However, all organizations need the common basic activities: planning, organizing, leading, and controlling.

Management is also universal in that it uses a systematic body of knowledge including economics, sociology, and laws. This knowledge can be applied to all organizations, whether business, or government, or religious, and it is applicable at all levels of management in same organizations.