Define the term management.
- Management is a purposive activity of working with others to achieve the organizational goals effectively by utilizing organizational resources which are limited. It is a universal phenomenon. All organizations require management for survival and growth.
- The term "management" is derived from the French word menagement and from the Latin word manu agree. These words give the meaning as "directing" and "to lead by the hand" respectively. With the spirit of these words, management should mean to direct or lead the people and functions to attain predetermined goals. Likewise, if we break the word management, we get as manage-men-t. This gives the meaning as an art of managing people tactfully. Further, it is the set of activities directed to achieve predetermined goals of an organization through directing and leading. Management aims to attain organizational goals effectively and efficiently by using all available resources wisely.
- Management is an essence of all organized efforts in an organization. It coordinates different resources to achieve organizational goals effectively and efficiently. As blood is required to operate the body, each and every organization requires management for its successful operation. The scope or the horizon of the management is ever increasing. So, the meaning and definition of management have also been extending time and again.
Here are few definitions of management given by some scholars :
F.W. Taylor: "Management is knowing exactly what you want to do and then seeing that they do it in the best and cheapest way."
George R. Terry: "Activating and controlling performed to determine and accomplish the objectives by the use of human beings and other resources.
" Harold Koontz: "Management is an art of getting things done through and with the people in formally organized groups. It is an art of creating an environment in which people can perform and individuals can co-operate towards attainment of group goals.
" S. P. Robbins, Mary Coulter and Neharika Vohra: "Management involves coordinating and overseeing the work activities of others so that their activities are completed efficiently and effectively.
" Ricky W. Griffin: "Management is a set of activities (including planning and decision making, organizing, leading, and controlling) directed at an organization's resources (human, financial, physical, and information), with the aim of achieving organizational goals in an efficient and effective manner."
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