The scope of management can broadly be classified into two aspects:

1. Functional Areas of Management

2. Subject Matter of Management

1. Functional Areas of Management:

Under this aspect, management consists of the following functional areas:

• Financial Management:
  Financial management deals with how funds are procured and utilized. It includes the financial aspects of a business such as a cost control, budgetary control, management accounting, etc.

• Human Resource Management:
  Human resource management deals with the acquisition and utilization of human resources in the organization. The entire subject matter of human resources covers the acquisition, development, maintenance, and control of human resources in the organization. Accordingly, it covers aspects relating to the personnel of an enterprise. These aspects are, for example, recruitment, training, promotion, retirement, industrial relations, social security, labor welfare, etc.

• Production Management:
  It consists of production-related aspects like production planning, production control, quality control, and so on.

• Office Management:
  Under this aspect, office layout, staffing, equipment layout, etc., are dealt with.

• Marketing Management:
  This aspect is concerned with the marketing aspects of the product produced by the business concern. It deals with the aspects like price determination, channels of distribution, market research, sales promotion, and advertisement.

2. Subject Matter of Management

Management is considered a continuing activity made up of basic management functions like planning, organizing, staffing, directing, and controlling. These components form the subject matter of management.