Contemporary Management

Management is a social process. It takes place in a structured organization setting with each managers having prescribed roles all directed towards achieving a predetermined aims and objectives. This is achieved through the efforts of other people and using systems and procedures.Management keeps in touch with existing business environment and draws its predictions about the trends in the future. It takes steps in advance to meet challenges of a changing environment. These changes create risks and opportunities.Management enables te organization to minimize the risks and exploit the opportunities.In this way it facilitates the continuity and prosperity of business