What is the Difference between Business and Management - Assignment Example

Management is the process of organizing things to the demanded pattern. The lexical meaning is to manage something that is undertaken. Under this process, certain prerequisites are being followed which enable reaching the target set. These prerequisites come in form of processes, roles definition, and objectives declaration such as paths that must be followed and those that must be avoided. Management is another name for synchronizing and uniform approach toward an endeavor at hand.

Business and management are often confused and connoted in a similar context however, on the technical ground they vary. Management is a generic term that can be applied to anything undertaken. It could be the management of any kind of task. While business pertains to larger entities and usually involves more resource consumption, more manpower utilization, and ultimately broader scope. Management usually requires more clerical and on-the-paper activity while business may be conducted in aloofness from on-the-paper procedures and documentation.

Business can be that of commercial level and outdoor activities. Management at the same can be applied to businesses while the term is nonexclusive towards management. In other words, each has its domain yet management is implementable to business, while the latter may not be implementable to the former. The classical Approach of Management came to the fore at a time when industrial development rose and the need was felt for making use of the industrial environment in a better way.

As a result, different modes of classical approach were introduced which are vis a vis: Each has given flexible options in their way and has improved how businesses were being conducted in past. The proponent of this theory was F.W. Taylor (Raju & Parthasarathy 2004). While the scientific management approach is reliant on technical knowledge and based on that knowledge the execution is according to the desired manner.

Collectively, these three models have paved way for the current state of managerial development and the fruit is extracted from it in form of high productivity and satisfaction of all the stakeholders. The bureaucratic management model was more focused on public administration and the working and governance of the controlling lines such as political and line management. its traces can be stretched back to the 18th century and the pioneer behind this idea was Max Weber.Out of these three, administrative management provides more options, for the mere reason that it takes into account a more holistic approach.

The incumbent mode allows highlighting all those areas which may lead to slag and low throughput. The administrative model is not just limited to the processes; rather, it allows focusing and targeting worker'skers performance which is a multi-core processor. While on one end, the employees are provided a better working environment, on other hand, these employees work out of more devotion and an in final yield more throughput, and customer satisfaction. Hence Administrative model enjoys an edge over the other two modes which are relatively restrictive in their outward expression and execution (Ogilvie 2005).