Meaning and definition of Management

 

Meaning

Management can be defined as all the activities and tasks undertaken by one or more persons for the purpose of planning and controlling the activities of others in order to achieve an objective or complete an activity that could not be achieved by the others acting independently. Management as defined by well known authors in the field of management contains the following components:

Planning

Organizing

Staffing

Directing (Leading)

Controlling

 

 Introduction:

 Management is a vital aspect of the economic life of man, which is an organized group activity. A central directing and controlling agency is indispensable for a business concern.

The productive resources – material, labor, capital etc. are entrusted to the organizing skill, administrative ability and enterprising initiative of the management.

Thus, management provides leadership to a business enterprise. Without able managers and effective managerial leadership the resources of production remain merely resources and never become production. Under competitive economy and ever-changing

Environment the quality and performance of managers determine both the survival as well as success of any business enterprise. Management occupies such an important place in the modern world that the welfare of the people and the destiny of the country are very much influenced by it.

 

Definition:

 According to Harold Koontz,

“Management is the art of getting things done through and with people in formally organised groups.”

 

 According to Henri Fayol,

“To manage is to forecast and to plan, to organise, to command, to co-ordinate and to control.”

 

 According to Peter Drucker,

“Management is a multi-purpose organ that manages business and manages managers and manages workers and work.”

 

 According to Mary Parker Follet,

“Management is the art of getting things done through people.”

 

 According to William F.Glueck,

Management is the effective utilization of human and material resources to achieve the enterprise objective.

 

 

Production or Efficiency oriented

“Management is the art of knowing what you want to do and then seeing that it is done in the best and cheapest way”

Decision oriented

“Management is the process of decision making and control the action of human beings for the expressed purpose of attaining pre-determined goals“.

People oriented

“Management is the art of getting things done through and with people in formally organized groups”.

“Management is the process of getting things done through the efforts of other people in order to achieve the predetermined objectives of organization”.

 

Management may also be define as:

“The process by which execution of given purpose put into operation and supervise”.

 A concise statement:

“The function of executive leadership anywhere”.

Another statement:

Management may be defined as “A technique by which the purpose and objectives of particular human group are determined, defined, clarified and completed”

 

 

 

Reference

http://kalyan-city.blogspot.com/2011/04/what-is-management-definitions-meaning.html

http://www.businessdictionary.com/definition/management.html

http://management.about.com/od/policiesandprocedures/g/manager1.htm

http://www.ask.com/question/what-is-the-meaning-of-management

http://www.oxforddictionaries.com/definition/english/management

http://www.slideshare.net/Seema2/introduction-to-management-basic-concepts-fundamentals-an-overview

https://www.boundless.com/business/management/an-introduction-to-management/a-definition-of-management/

http://management.ou.edu/

 

 

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