Management as a Procedure : refers to the Functions of Management i.e. Planning, Organising, Directing, Controlling, and so on. Management is now recognised as a distinct procedure in which managers program, organise, lead, motivate and handle human efforts in order to attain properly defined targets. Management is also a profession because it is based on sophisticated and cultivated information. Optimum utilisation of sources: Management facilitates optimum utilisation of accessible human and physical resources, which leads to progress and prosperity of a business enterprise.

Every single business unit wants effective, steady and cooperative staff for the management of business activities. The components in the management approach are actually the basic functions of management these functions constitute the management approach in practice.

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