Thus management is dynamic in nature and adapts to the ever-changing social, economic and political conditions. However effective management can be easily felt. This is the main reason why the principles of management are affected by human behaviour, and often human behaviour is the main hindrance in the successful application of principles of management. Nature of Principles of Management: By nature is intended conditions and aspects. HRM consists of people-related functions … Management (or managing) is the administration of an organization, whether it is a business, a not-for-profit organization, or government body. Nature of Human Resource Management Simply put, Human Resource Management (HRM) refers to the application of management principles to management of people in an organization. Management cannot be touched or it isn’t tangible. Intangible Force. Welingkar’s Distance Learning Division Introduction A business develops in course of time with complexities. The nature or characteristics of management can be discussed are as follows: 1. This is too simple a statement and fails to capture the essence of human resource management. NATURE OF HUMAN RESOURCE MANAGEMENT The emergence of human resource management can be attributed to the writings of the human relationists who … The need of management can be arise in every field of Commercial, War, Religion, Human Relation etc. If an organization has effective and efficient management, all other activities fall into place. Sound management is the fortitude of thriving companies. Educational Management is Universal Process: Educational Management is a universal process. Managing life implies getting everything done to accomplish life’s aspirations and maintaining an establishment means getting everything done wh and by other people to deliver its objectives. Nature of Management - Management Principles 1. Welingkar’s Distance Learning Division CHAPTER-01 NATURE OF MANAGEMENT We Learn – A Continuous Learning Forum 2. In its essence, Human resource management comprises the following: 1. A famous example of this is how McDonald’s had to change its menu to serve and emerge as a major fast food giant in the Indian market. 2. The management activity is mainly concerned with management of man, who is a social animal having his own nature, desires and expectations which cannot be repressed or eliminated. It is related to each and every country, society, organisation etc. Management can be defined as all the activities and tasks were undertaken for the purpose of archiving an objective or goal by continuous activities like; planning, organizing, leading and controlling. Educational Management is an art: … Nature and Significance of Management In this extremely competitive market, one advantage a company can have over its competitors is its quality of management. Management is not only essential to business concerns but also essential to Banks, business concerns but also …