This paper proposes to explore the correlation between Commerce and Management as I give a better insight on the role of Management and the effects it has globally. Commerce should be properly managed as a commercial activity that enhances the standard of living within a nation that will increase its standing in the world. When commerce is allowed to run unregulated as it has, large businesses and major conglomerates can become immune to failure making them too powerful which levies negative externalities on citizens as well as globally to the benefit of business owners. Broadly speaking, nations should be concerned with the way commerce is managed to enhance the prosperity of its citizens and those who directly benefit by producing jobs, beneficial goods and services. The organization and coordination of the activities of a business in order to achieve defined objectives is defined as the process of being managed or managing.
Management is often included as a factor of production along with machines, materials and money. (Drucker, Peter) According to the management guru the basic task of management is marketing and innovation. This paper examines the key elements to the outcomes of the correlation of commerce and management and its effect on the global market.
Dean, Rochelle, "The Correlation between Commerce and Management" (2015). Other Graduate Scholarship. 2.