New Concept of Management

Management in the Organization Definition of management

> The manner in which a business is operated, supervision and execution of management policies.
> For understanding the definition of management, the comparative between Management concept and other concept such as Administration is reviewed in this article.

Management and Administration
“These two words are slightly similar and can employ interchangable. Although, this 2 words are different in terms of practice. ‘Management’ refers to private sector. Whereas administration refers to public sector” (Sukotai Dhammatirat).

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Source: e-learning.mfu.ac.th

New Concept of Management