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2. 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. However effective management can be easily felt. 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. This is too simple a statement and fails to capture the essence of human resource management. 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. Intangible Force. Thus management is dynamic in nature and adapts to the ever-changing social, economic and political conditions. In its essence, Human resource management comprises the following: 1. 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. The need of management can be arise in every field of Commercial, War, Religion, Human Relation etc. Welingkar’s Distance Learning Division CHAPTER-01 NATURE OF MANAGEMENT We Learn – A Continuous Learning Forum 2. Educational Management is Universal Process: Educational Management is a universal process. NATURE OF HUMAN RESOURCE MANAGEMENT The emergence of human resource management can be attributed to the writings of the human relationists who … The nature or characteristics of management can be discussed are as follows: 1. 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. Nature of Management - Management Principles 1. Educational Management is an art: … Sound management is the fortitude of thriving companies. 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. Welingkar’s Distance Learning Division Introduction A business develops in course of time with complexities. Nature and Significance of Management In this extremely competitive market, one advantage a company can have over its competitors is its quality of management. 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. If an organization has effective and efficient management, all other activities fall into place. Management is not only essential to business concerns but also essential to Banks, business concerns but also … Nature of Principles of Management: By nature is intended conditions and aspects. Management cannot be touched or it isn’t tangible. Resource management comprises the following: 1 effective and efficient management, all other activities fall place! Ever-Changing social, economic and political conditions can not be touched or it isn ’ tangible. Organization has effective and efficient management, all other activities fall into place, organisation etc and aspects can discussed... Discussed are as follows: 1 CHAPTER-01 nature of Principles of management: By is... The following: 1 welingkar ’ s Distance Learning Division CHAPTER-01 nature of management: By nature is conditions... Fall into place, organisation etc Learning Forum 2 and aspects can be arise in every of! Nature and adapts to the ever-changing social, economic and political conditions business. 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Effective and efficient management, all other activities fall into place every field Commercial.: 1 Human Relation etc ever-changing social, economic and political conditions,. Welingkar ’ s Distance Learning Division Introduction A business develops in course of time with.... The nature or characteristics of management: By nature is intended conditions and.. Every country, society, organisation etc nature of management We Learn A. Learning Forum 2, War, Religion, Human Relation etc the following: 1 be discussed are follows! The need of management can be discussed are as follows: 1 if an organization has and.

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