MANAGEMENT

Though there are different orguement about origin of insurance its present form is assumed to be started form 12th century marine insurawnce is the oldest and orginal form of insurance in ancient times when when most of the international trade was done through sea route to mainimize risk on the transit concept of insurance was born general average and bottomry bond are two different from of initial marine insurance
fire insurance is another from of insurance conceptudize after great fire happenning in london in 1666 life insurance started form 18th century during 19th century and then after other forms of insurance like ficlelity insurance accidental thift crop etc were develop.

Management as  a discipline can be understood as a branch. It is a specialied knowledge which give idea regarding the study and use of certain principles laid down by the management  with the increased competetation in the business field, management of any organization should have knowledge about managerial skill for which study of management is essential like other discipline such as economic mathematic sciences etc.
management also have been developed as separate discipline which is being taught in different called and university across the world. The management system of today may not be applicable of effective after certain duration of time therefor management must be dynamic and flexible with the changing environment of the society, it should be flexable according to time and situation  and need of the society. this flexibility is essential to adjust an organization and its activities with the changing knowledge, skill, scientific, discoveries, ideas and environment of the business.
Management is both science and art . it is science because it is based on some basic principles of universal application. it is also and art because the results of an organization depend upon the personal skill efficiency and experence of manager and his subordinates