Management is the management of an organization, be it a private firm, a government agency, or a non-profit entity. The scope of management is much broader than the narrow domain of its financial aspects. The scope of management also includes strategic planning, process improvement, and development of policies to address problems. In addition, it includes all other aspects of the organization concerned with the day-to-day functioning of the enterprise.
There are different perspectives on the scope of management. While some view it as the overall picture of the organization as a whole, others believe that a manager’s sole responsibility is to manage the human resources. Still, there are others who believe that the term covers all the aspects of decision-making. It could, for instance, include the formulation of strategies for dealing with change, delegating various tasks to employees, maintaining appropriate working relationships, communicating strategy, developing and implementing rules, managing safety and security, and so forth.
The theory and practice of management are now almost as broad as that of the various disciplines that make up business administration. Some businesses focus on areas such as information systems, marketing, finance, and accounting. Human resources, payroll, and legal issues all fall under the purview of business administration. On a smaller scale, management doctorsates specialize in specific areas, for example, human resource management, development management, organizational decision-making, and training and development. One can study business administration, master of business administration, human resources management, marketing management, accounting, and law to become a management doctorate.
As one can see, business management encompasses a very broad range of areas, rather than being a tightly focused field like human resource management. Some business managers specialize, earning a doctorate in a particular area. In this case, their specific expertise is in that particular area. Others have earned a doctorate in business management but have a wide range of skills, including general management skills and transactional skills, and are frequently involved in cross functional team building activities.
Some managers are in charge of larger organizations, while others are responsible for smaller teams of workers. Managers also provide direction by creating policies, organizing people, and implementing a variety of strategies. They may also be directly involved with the production and financial processes of the company. Examples of senior managers include senior vice president or general manager, president, or general manager, senior director, senior financial officer, or director, and senior vice president or general manager.
Business administration degree programs prepare students to enter careers in law, academia, management consulting, business, economics, information technology, and public administration. The curriculum typically includes coursework related to human resources, leadership, management, statistics, and managerial science. Students may take general business management classes or choose to focus on courses in accounting, entrepreneurship, marketing, supply chain management, and project management. A management citation needed for most graduate degrees is a Bachelors degree with a business focus.