Management includes the activities of setting the strategy of an organization and coordinating the efforts of its employees (or of volunteers) to accomplish its objectives through the application of available resources, such as financial, natural, technological, and human resources.
09/06/2018 · Management can be defined as the process of administering and controlling the affairs of the organization, irrespective of its nature, type and size. It is an act of creating and maintaining such a business environment wherein the members of the organization can work together, and achieve business objectives efficiently and effectively.
Management is a universal phenomenon. It is a very popular and widely used term. All organizations - business, political, cultural or social are involved in management because it is the management which helps and directs the various efforts towards a definite purpose. According to Harold Koontz, Management is an art of getting things done through a...
Management is a purposive activity. It is something that directs group efforts towards the attainment of certain pre - determined goals. It is the process of working with and through others to effectively achieve the goals of the organization, by efficiently using limited resources in the changing world. Of course, these goals may vary from one ent...
Therefore, we can say that good management includes both being effective and efficient. Being effective means doing the appropriate task i.e, fitting the square pegs in square holes and round pegs in round holes. Being efficient means doing the task correctly, at least possible cost with minimum wastage of resources.
- Early history
Management is a set of principles relating to the functions of planning, organizing, directing and controlling, and the application of these principles in harnessing physical, financial, human and informational resources efficiently and effectively to achieve organizational goals.
Megginson, Mosley and Pietri define management as working with human, financial and physical resources to achieve organizational objectives by performing the planning, organizing, leading and controlling functions. Kreitners definition of management:
Management is a problem solving process of effectively achieving organizational objectives through the efficient use of scarce resources in a changing environment. Management can be defined in detail in the following categories : The concept of management is as old as the human race itself. The concept of family itself required that life be organiz...
For example, let us look at the managerial role of a simple housewife and how she uses the managerial ingredients in managing the home. First, she appraises her household and its needs. She forecasts the needs of the household for a period of a week or a month or longer. She takes stock of her resources and any constraints on these resources. She p...
Even the recorded history shows the application of some current management techniques as far back as 5000 BC., when the ancient Sumerians used written records in assisting governmental operations. The Egyptian pyramids, built as early as 3000 BC., required the organized efforts of over 1,00,000 workers. It would be natural to assume that all functi...
Management, as a system, is not only an essential element of an organized society, but also an integral part of life when we talk about managing our lives. Managing life is not much different from managing an organization and this art of management has been with us from time immemorial. Just as a well managed life is much better organized, goal ori...
Similarly, Peter F. Drucker, a noted management authority has emphasized the importance of management to social living. He proclaimed nearly 25 years ago that, effective management was becoming the main resource of developed nations and that it was the most needed resource for developing nations.
A managers job is highly crucial to the success of any organization. The more complex the organization, the more crucial is the managers role in it. A good manager makes things happen. The importance of management in any organization was emphasized by Professor Leonard R. Sayles in his address to a group of management development specialists, as fo...
How to use management in a sentence. the act or art of managing : the conducting or supervising of something (such as a business); judicious use of means to accomplish an end… See the full definition
2. (Industrial Relations & HR Terms) managers or employers collectively. 3. the technique, practice, or science of managing, controlling or dealing with: anger management. 4. the skilful or resourceful use of materials, time, etc. 5. (Medicine) the specific treatment of a disease, disorder, etc.
Management is the process of setting and reaching goals effectively and efficiently. Management process has some qualities or features; Management is Associated with Group Efforts; Management is Purposeful; Management is Accomplished Through the Efforts of Others; Management is Goal-oriented; Management is Indispensable; Management is Intangible