Association of Mechanical Engineers, U.S.A.: “Management is the art and science of preparing, organizing and directing human efforts applied to control the forces and utilize the materials of nature for the benefit of man.” The association has given a wide definition where it has emphasized that management controls and directs human efforts for utilizing natural resources for the benefit of man. As managers, people carry the It is only efficient management which enables the developing nations to make better use of material and human resources for economic development. Today, management is a very popular subject and there is great rush for admission into management courses. Efficient use of Resources – The role of professional managers has increased these days. Organising is the second function of a manager. “Management means decision-making.” Decision-making cannot be the only function of management even though it is very important. Management is the process of getting things done through others with the help of some basic activities like planning ,organizing ,directing , coordinating and … Most of these resources are scarce and have alternative uses. (7) Classical or bureaucratic management is appropriate where the environment is relatively unchanging. Whereas Fayol concentrated on the Managing Director and worked downwards on the organisation hierarchy. The true character of management can be seen as a process composed of several elements or functions.
It is a very important field of management ,’for every production activity which has not been hammered on the anvil of effective planning and regulation will not reach the goal, it will not meet the customers and ultimately will force a business enterprise to close its doors of activities which will give birth to so many social evils’.
(2) Behavioural school is not interested in the process only but rather in the way the process affects the organisation, i.e., with and through personnel or human resources.
It also implies that change is a constant reality of organisational life and management is the management of change. The functions of management are interdependent and interlinked. PreserveArticles.com: Preserving Your Articles for Eternity.
are the problems of marketing management. Management should aim at improving the performance of each and every factor of production.
Theoretical teaching of medicine and engineering is almost invariably accompanied by practical work in a hospital or workshop. Human and technical skills play an important role for getting things done. Once the overall goals, objectives, and operational strategy have been set forth, the next function of management is to organize all the resources to implement the organizational plan. Prohibited Content 3. The differences of opinion and approach are reflected in the following often quoted definitions of management.
It is a broader concept on its own. 12 important characteristics of management, Concept of Management: Top 8 Concepts of Management, 8 definite conclusions ascertained by Hawthorne Experiments. 1: The Functions of Management. (ii)... Read More, Ans.
All these interests will be satisfied only when physical resources of the business are properly utilized. (2) It is not command but motivation which can help us to understand why men and women work and how to secure from them maximum productivity. Management Definition: Management can be defined as the process of administering and controlling the affairs of the organization, irrespective of its nature, type, structure and size.It is an act of creating and maintaining such a business environment wherein the members of the organization can work together, and achieve business objectives efficiently and effectively. Let us formulate a precise definition of management.
The proprietors will want more returns on their investments while employees, customers and public will expect a fair deal from the management. However, we do not have unified views of authorities on what are the managerial functions and what is management precisely. “Management is a distinct process consisting of activities of planning, organizing, actuating and controlling, performed to determine and accomplish stated objectives with the use of human beings and other resources.” Though Terry has described four functions to be a part of management process but managerial functions are classified into five categories. 2. These processes are the series of interrelated sequential functions.
“Management is the art of getting things done through and with people in formally organized groups.” Koontz has emphasized that management is getting the work done with the co-operation of people working in the organization. The inputs of manpower, materials, machinery and money do not by themselves ensure growth; they become productive through the catalyst of management. These persons collectively arc called ‘body of managerial personnel.’ In actual practice the term ‘management’ is used to denote top management of the organization. Concept of management 1. Hence, a manager is a dynamic and life-giving element in every business. When one says that a particular person is in management stream then it is assumed that he is studying a particular field of learning. In management we have planning-action-control cycle. The efficiency of the administration depends upon the information supplied to it by the office. Pressure of consumerism, trade unionism, public opinion, and legislation are definitely inducing the management to evolve a code of ethics. Plagiarism Prevention 4. 3. Public is also a stake holder in business, it should also benefit from good performance of business. ‘Knowledge is power’ is an old saying. Disclaimer 8. The manager of today has to encourage, communicate, develop and stimulate his employees to secure higher output. Before uploading and sharing your knowledge on this site, please read the following pages: 1. 2.
In the ultimate analysis, decision making, the heart of management, is an Art, to be acquired by conscious effort and practice.
But in large corporations, there is a divorce between ownership and management. “To manage is to forecast and plan, to organize, to command, to co-ordinate, and to control.” Fayol described management as a process of five functions such as planning, organizing, commanding, coordinating and controlling. Definition: The organization and coordination of the activities of a business in order to achieve defined ...Click to read more about management. On the completion of last function, the first function starts again. A final management concept is that of control. The volume of paper work in office has increased manifold in these days due to industrial revolution, population explosion, increased interference by government and complexities of taxation and other laws. According to Terry-“management is the distinct process consisting of planning, organizing, activating, and controlling activities performed to determine and accomplishes the objectives by the use of people and resources.” If we give our attention towards the definition we find that terry perceives the management as a process a systematic way of doing things. The #1 Free Online Courses and Education Portal. To implement the plans there must be some organisation structure. Whatever type of organizational structure is involved, management concepts facilitate strategic and/or tactical objectives. As a field of study or academic discipline, management is an organized body of knowledge. We all know that management is an art of getting things done, by others. Our mission is to liberate knowledge. A person acquiring degree or diploma in management can try for a managerial job. Content Filtration 6. Another important objective of management is to prepare plans.