Introduction of Management
Management involves coordinating and overseeing the work activities of others so that their activities are completed Efficiently and Effectively. We already know that coordinating and overseeing the work of others is what distinguishes a managerial position from a nonmanagerial one. However, this doesn’t mean that managers can do what they want anytime, anywhere, or in any way. Instead, management involves ensuring that work activities are completed efficiently and effectively by the people responsible for doing them, or at least that’s what managers aspire to do.
Doing things right, or getting the most output
from the least amount of inputs.
Doing the right things, or completing activities
so that organizational goals are attained.
Definitions of Management
According to Harold Koontz,
“Management is the art of getting things done through and with people in formally organized groups.”
According to Henri Fayol,
“To manage is to forecast and to plan, to organize, 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 Stephen P. Robbins
“Management Coordinating And Overseeing The Work Activities Of Others So That Their Activities Are Completed Efficiently And Effectively”
The act or art of managing: the conducting or supervising of something (such as a business)
Business improved under the management of new owners.
Judicious use of means to accomplish an end
Is extremely cautious when it comes to money management
The collective body of those who manage or direct an enterprise
Management decided to hire more workers.
Meaning of Management
According to Theo Heimann, management has three different meanings,
Management as a Noun: refers to a Group of Managers.
Management as a Process: refers to the Functions of Management i.e. Planning, Organizing, Directing, Controlling, etc.
Management as a Discipline: refers to the Subject of Management.
Management is an individual or a group of individuals that accept responsibilities to run an organization. They Plan, Organize, Direct and Control all the essential activities of the organization. Management does not do the work themselves. They motivate others to do the work and co-ordinate (i.e. bring together) all the work for achieving the objectives of the organization.
Management brings together all Six Ms i.e. Men and Women, Money, Machines, Materials, Methods and Markets. They use these resources for achieving the objectives of the organization such as high sales, maximum profits, business expansion, etc.