This is a question which first year Commerce students and prospective Commerce students might well ask. To answer this question, one first needs to define the purpose of a business organisation.
In simple terms, the purpose of a business is to make a profit by selling products and/or services at an affordable price that satisfy the needs of consumers. This, however, does not happen by accident. It has to be made to happen and the management process is indispensable in ensuring that it happens. As such, management may be defined as:
a process whereby people in leading positions use human and other resources as efficiently as possible in order to provide specific products and/or services, with the aim of meeting the needs of consumers/customers as a means of achieving the stated goals of the business, of which profit is one of the most important.
To ensure that a business organisation fulfils its purpose and achieves its objectives, it is generally accepted that certain functions have to be performed as follows:-
In pursuit of this goal, the Department of Management strives to equip both undergraduate and postgraduate students, as well as practising managers, for the world of work in a national and global business environment which is competitive and dynamic.
In fulfilling this mission, the Department of Management undertakes:
We set the trend in educating and developing students to be critical thinkers & responsible global citizens.
We pursue our business of management education and research with passion and curiosity.
The Department of Management sets the trend through: