How Can the Study of Management Help Students in Their Future Essay

How Can the Study of Management Help Students in Their Future Professional Career - Essay Example agement is undergoing numerous changes, therefore the older principles are being changed with the newer ones and thus nothing tends to remain permanent in the field of the management. The management principles need to be applied according to the requirement of the organisation since they tend to be relative concepts. It is worthy of mentioning that each of the organisation tends to be different in comparison to other because of the timing, place as well as the socio-cultural factors. However, the individuals working in a same organisation may also differ. Therefore, it is vital to apply a particular management principle according to the prevailing condition and context. There has been disagreement regarding whether the management is science or art. It can be stated that management is both science as well as art (Covey, n.d.). Historical and Socio-Cultural Perspectives It is worthy of discussing the ways through which the needs of the management development are being met with the assi stance of the historical views of management. It has been a well known fact that the management institutes that exist today were not in existence until the 1920s and the Second World War. Therefore, it can be understood that the management institutes tend to be at the early stages of development. The establishment of the management schools in the developing countries is a recent phenomenon. In adherence to the well known fact that management is a profession, it was realised that the skills, the knowledge and the capabilities can be gained by a person systematically. However, before realising this fact, on-the-job management was learned. The process of learning was referred to as school of hard knocks. There was a belief that the managers are born and not made. This was evident from the fact... As the essay stresses the management principles need to be applied according to the requirement of the organisation since they tend to be relative concepts. It is worthy of mentioning that each of the organisation tends to be different in comparison to other because of the timing, place as well as the socio-cultural factors. The individuals working in a same organisation may also differ. It is vital to apply a particular management principle according to the prevailing condition and context. From the report it is clear the education for the managers of the future took numerous forms, thus making the system of education complex. After a short period, the emergence of entrepreneurs because of their innovative ideas and efforts were sought. They learnt to manage because of necessity. The approach was suitable and satisfactory in those times. Since the product, market as well as the geography started to grow and diversify, the old ways of recruiting the managers became outdated and thus new ways were stimulated. The best way to recruit the top management was to put them at specialised task a step down, so that they can get an overall knowledge regarding the management. A person may be skilled at one job, however may be weak at others. After a certain period of time the diversification of the businesses gave rise to the new channels of the on-the-job development for managers since the companies were split into divisions.