Monday 23 January 2012

What is Management?

Management is universal in the modern industrial world and there is no substitute for good management. It makes human effects more productive and brings better technology, products and services to our society.
Management is a must to accomplish desired goals through group action. It is essential to convert the disorganised resources of men, machines, materials and methods into a useful and effective enterprise.
Management is the art of maximising efficiency, as a social process, a method of getting things done through others, a plan of action and its direction by a co-operative group moving towards a common goal. Effective utilisation of available resources to achieve same objective is management.
Management is a comprehensive function of planning, organising, forecasting, co-ordinating, leading, controlling, motivating the efforts of others to achieve specific objectives. management can precisely be called the Rule-making and Rule-enforcing body.
Some definitions of Management:

According to HAROLD KO
"Management is the art of getting things done through and with formally organized groups" 
 According to PETER F. DRUKER
"A Multipurpose organ that manages a usiness and manages managers and manages workers and works"
According to J.LUNDY
"Management is what a mangement does. It is the task of planning executing and controlling".
According to LAWRENCE APPLEY
"Management is the development of people and not the direction of things".
According to F.W.TYLOR
"Management is the development of people and not the direction of things". 


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