what is mangament???????????
Answers
Management is the administration of an organization, whether it is a business, a not-for-profit organization, or government body.
1) F.W. Taylor “Art of knowing what you want to do and then seeing that it is done the best and cheapest way
2) Henry Fayol “To manage is to forecast and to plan, to organize, to command, to co-ordinate and to control”. Henry Fayol gave this definition of management in his book “Industrial and General Administration”.
3) Peter Drucker “Management is a multi-purpose organ that manages business and manages managers and manages workers and work”. This definition of management was given by Peter Drucker in his book “The Principles of Management”.
4) Mary Parker Follet “Management is the art of getting things done through people”.
5) Harold Koontz “Management is the art of getting things done through and with people in formally organized groups”. Harold Koontz gave this definition of management in his book “The Management Theory Jungle”.
6) George R. Terry “Management as a process of consisting of planning, organizing, actuating and controlling, performed to determine and accomplish the objective by the use of people and resources”. In this definition,
Planning means Plan in advance.
Organizing means coordination between human resources and material resources.
Actuating means motivation and giving direction to subordinate.
Controlling means to ensure about implementation of plan without deviation.
Thus this definition tells that management is act of achieving the organization objectives.
FUCTIONS;
1) Planning:
It is a process of deciding the business objectives and charting out the plan/ method for achieving the same. This includes determination of what is to be done, how, and where it is to be done, who will do it and how result are to be evaluated. This function expected to be carried out throughout the organization. It should be performed by the manager at all levels.
2) Organizing:
According to Allen, the organizing refers to “the structured which results from identifying and grouping the work, defining and delegating responsibility and authority and establishing relationships.” To organize a business is to provide it with everything useful to its functioning i.e. personnel, raw materials, machinery, capital etc. Once objectives are established, manager has to develop plan to achieve them with help of human resources as well as material resources.
3) Directing:
Directing involves communication, leadership and motivation. Communication is the process of passing the information and understanding it from one person to other person. Leadership is the function whereby the person or manager guides and influences the work of his subordinates. Motivation is to motivate the employee to give their best to the organization.