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Contribution of Management Education in Business and Society
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Posted On :
May-05-2011
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Article Word Count :
423
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The aspects of relationship of business and society are well evident and known to everyone and the fact that Society depends on business for creation of sustainable of wealth creation. It ultimately leads to an improved quality of life.
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Management is a set of practices that are required to define objectives of an organization and planning, strategizing, allocating resources and measuring the results to achieve those objectives. Management is and abstract and wide term and is required in every aspect of our lives today. It is hard to precisely define the scope of management in one definition.
Management is closely related to leadership in fundamentals behind both are the same that includes guiding others to achievement of particular objectives through inspired methods. Still, there are number of significant Differences in both terms relating to the ways of inspiration and amount of formal vs. Informal credibility accounted to the two(Management and leadership).
The aspects of relationship of business and society are well evident and known to everyone and the fact that Society depends on business for creation of sustainable of wealth creation. It ultimately leads to an improved quality of life. Business depends on society for an environment where it can meet its obligation to create that wealth.
Management education contributes to society through Creation of organizations that enable richer lives for their employees through Supply of essential products and services, Creation of wealth and economic development opportunities and Creation of more jobs.
Management education contributes directly to the society by facilitating economic development and service in almost every department of our society. Thus management education is a must today as it fills for most of the needs of a person to survive in today's competitive and complex corporate world environment.
One of the special facts about human beings is that they are able to develop complex organizations with a purpose that enhances their quality of life. Management education is the component that develops that characteristic and produces leaders that are capable of creating organizations that provide significant value to society in terms of more employability and creation of more high paying jobs.
Such organizations are able to create electricity, sophisticated scientific instruments, transportation, food, and much better cures for existing diseases, better education system, goods for retail industry, entertainment, and almost everything else that enables civilization one step ahead the tribal level.
Proper Management education undoubtedly prepares people for participating meaningfully in these organizations and provides them with the tools that use to enhance their effectiveness. Thus we can say that Management education facilitates access to opportunities and wealth creation to an increasingly diverse population to fill the rising needs of those people to produce a sustainable development for the country.
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Article Source :
http://www.articleseen.com/Article_Contribution of Management Education in Business and Society_61424.aspx
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Author Resource :
Education Analyst Anuj Invites you to bank jobs information portal also consisiting of ias syllabus and helpful info on bank recruitment.
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Keywords :
management in business, management in society,
Category :
Business
:
Careers
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