Define the term Management.Explain in brief functions of Management.
Answers
What is Management? The management definition is a single or group of individuals who challenges and oversees a person or collective group of people in efforts to accomplish desired goals and objectives. Furthermore, the definition of management includes the ability to plan, organize, monitor and direct individuals. The management definition is also a person or collective group who possess the executive abilities to lead a group through hardships, aspiring to meet an organization’s purpose and visions.
Management Functions
With an understanding of what is management, there are several management functions and roles that are needed in the management function of planning for an organization’s success. Management function examples include the following:
Accounting
Business Administration
Finance
Human Resource
Consulting
Information Technology
Marketing
Sales
Retails
Operations Management
Organizations must identify the viable management functions organizing for growth and future success. They should also develop a business management structure to separate different management functions and roles; however in smaller companies, individuals may often take on multiple management functions. In comparison, larger firms will segregate different job management functions leading for organized management functions and skills.
To control or managing something is called as management. Whether it is a business or not for profit purpose.
Functions of management..
- it include planning of something
- leading something to keep it in control
- Organizing something to keep it in a manner full way.