Question

Define management. (In context of business studies)

Answer 1

SOLUTION :  

MANAGEMENT :  

It refers to the process of planning, organising, actuating and controlling the enterprises resources efficiently and effectively.  Management means to manage men working in groups to achieve group goals.

Definition of management by Kreitner :  

‘Management is a process of working with and through others to effectively achieve organisational objectives by efficiently using limited resources in the changing environment’.

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Answer 2

Management means interlocking functions of creating corporate policy and organizing, planning, controlling, and directing an organization's resources in order to achieve the objectives of that policy.