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Thursday, March 4, 2010

MEANING OF MANAGETMENT


Management is the process of co-ordinating work activities so that they are completed efficiently and effectively with the through other people. It is essence of all organized efforts. Management copes with changing environment. It is equally essential for all types of organizations.
Management is the act of collecting resources, co-ordinating all the factors of organization and proper operation of all the factors to achieve predetermined objectives. It is process of planning, organizing, leading and controlling the resources of an organization in the efficient and effective pursuit of specified organizational goals. Some important definitions of management are as follows:
According to Robbins and Culter, “Management is co-ordinating work activities that they are completed efficiently and effectively with through other people”.
Theo Haimann has defined the management in his book, “professional management’: Theory and Practice, as a noun, as a process and as a discipline’: While taking as a noun, management is that person or group of persons who co-ordinate all the recourse for achieving organizational objective. While taking as a discipline, management is the subject of study.
According to Henry Fayol, “To manage is to forecast and to plan, to organize, to command, to co-ordinate and to control.” This definition is given in his book. “General and Industrial management.”
According to George R. Terry, “Management is the distinct process consisting of planning, organizing, actuating and controlling performed to determine and accomplish the objectives by the use of people and resources”. Terry has given definition of management in his same book emphasizing the leadership which is as follows. “Management is the art of getting things done through and with people informally organized group.”
According Charles Renold, “Management is the process of getting things done through the agency of a community.”
In conclusion, management is the process of planning, organizing, directing and controlling. It is an art of getting things done through and with others. It co-ordinates of all the activities of organization. It works through and with people. It balance efficiency and effectiveness. So it needs all types of organizations.

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