What is Management

 Introduction to Management:

Management: The Verb manage comes form the Italian to control especially a house. Which in turn derivers from the latian mans hand?

The French and mesnagement – then menagement influenced the development in meaning of English word management in17 th  and 18th  Centuries .

Management in business and human organization activity is simply the act of getting people together to accomplish desired goals. Management comprises planning, organizing, staffing, leading or directing, and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal.

 

Definition: 

 

1)  “Management is the process of getting activities completed efficiently and effectively with and through other people”.

 

2)  “Management is comprise directing and controlling a group of one or more people for the purpose of coordinating and harmonizing them (towards) in the direction accomplishing a goal.”

 

3) “Management often encompasses the deployment and manipulation of  human resources, financial resources, technological resources and natural resources”. 

 

4) “Management is a distinct process consisting of activates of planning, organizing, put into action, and controlling, performed to human beings and other resources.

 

5) “Management is creative problem solving. This creative problem solving is accomplished through four functions of management: planning, organizing, leading and controlling. The intended result is the use of an organization's resources in a way that accomplishes its mission and objectives.”

 

6) “Management is simply the process of decision making and control over the action of human being for the express purpose of attaining predetermined objectives”.

 



The six Ms of management (basic resources) , as they are often called are subjected to fundamental function of management- planning, organizing, actuating(put into action) and controlling to achieve stated objectives. 

Management is an activity that converts disorganized human and physical resources into useful and effective results. Management is the most challenging, comprehensive, demanding, crucial and subtle of all human activities. 

In Management Excel, we start with an assumption of the universality of management. Management is management. Management is generic. Management principles are general rather than specific to a type of firm or organization. However, management is universal only if the manager has become familiar with the specific situation in which it is applied. Production technology, customer characteristics and the culture of the industry are examples of specifics that managers need to learn to be effective in applying their generic management skills.

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