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Asked by:Nikhil-bharadwaj

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Development has emerged as a powerful & innovat
ive force on which the todayís society depends for
material support from an unrecognized situations in
the past one or two centuries.
This is the area of management which is responsible
for undertaking activities such as industrial &
technical surveys, taking up research work, suggest
ing ways & means for innovations for reacting the
taken up for improving methods of production, findi
ng out best ways of doing things, raising
productivity in the firm. The innovative methods of
production & marketing will help the firm to grow.
Seventeen and eighteen centuries had seen industria
l revolution. Lots of inventions & new technologies
had emerged. The importance of management was focus
ed division of lab our concept was evolved
importance of planning was identified. But the mana
gement on a separate field of study had emerged
only durumís early 20
century when new industrial era began.
Business organizations had a stage shift from owner
ship towards joint stock companies. As an answer
to the problems like insufficient system, inefficie
ncy of lab our & discrepancy in wage payment,
management has been recognized as a separate & impo
rtant field of study.
Subsequently, management has evolved as a specific
discipline of study & practice.The evolution of
management can be divided in to two parts early man
agement approach & modem management
Answerd By:Nikhil-bharadwaj

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