What is Management? Definitions
According to Harold Koontz,
"Management is the fine art of getting things done through too alongside people inwards formally organised groups."
Harold Koontz gave this definition of administration inwards his majority "The Management Theory Jungle".
According to Henri Fayol,
"To contend is to forecast too to plan, to organise, to command, to co-ordinate too to control."
Henri Fayol gave this definition of administration inwards his majority "Industrial too General Administration".
Image Credits © Michael Heiss.
According to Peter Drucker,
"Management is a multi-purpose organ that manages line organization too manages managers too manages workers too work."
This definition of administration was given past times Peter Drucker inwards his majority "The Principles of Management".
According to Mary Parker Follet,
"Management is the fine art of getting things done through people."
Meaning of Management
According to Theo Heimann, administration has 3 dissimilar meanings, viz.,
- Management equally a Noun : refers to a Group of Managers.
- Management equally a Process : refers to the Functions of Management i.e. Planning, Organising, Directing, Controlling, etc.
- Management equally a Discipline : refers to the Subject of Management.
Management is an private or a grouping of individuals that select responsibilities to run an organisation. They Plan, Organise, Direct too Control all the essential activities of the organisation. Management does non practise the piece of work themselves. They motivate others to practise the piece of work too co-ordinate (i.e. select together) all the piece of work for achieving the objectives of the organisation.
Management brings together all Six Ms i.e. Men too Women, Money, Machines, Materials, Methods too Markets. They utilisation these resources for achieving the objectives of the scheme such equally high sales, maximum profits, blogspot.com//search?q=what-is-business-meaning-definitions">business expansion, etc.
Features of Management
Following icon depicts 14 of import features of management.
The nature, principal characteristics or features of management:
- Continuous too never ending process.
- Getting things done through people.
- Result oriented scientific discipline too art.
- Multidisciplinary inwards nature.
- A grouping too non an private activity.
- Follows established principles or rules.
- Aided exactly non replaced past times computers.
- Situational inwards nature.
- Need non live an ownership.
- Both an fine art too science.
- Management is all pervasive.
- Management is intangible.
- Uses a professional person approach inwards work.
- Dynamic inwards nature.
Now let's briefly utter over each characteristic of management.
1. Continuous too never ending process
Management is a Process. It includes 4 principal functions, viz., blogspot.com//search?q=what-is-business-meaning-definitions">Planning, Organising, Directing too Controlling. The director has to Plan too Organise all the activities. He had to hand proper Directions to his subordinates. He likewise has to Control all the activities. The director has to perform these functions continuously. Therefore, administration is a continuous too never ending process.
2. Getting things done through people
The managers practise non practise the piece of work themselves. They instruct the piece of work done through the workers. The workers should non live treated similar slaves. They should non live tricked, threatened or forced to practise the work. Influenza A virus subtype H5N1 favourable piece of work environs should live created too maintained.
3. Result oriented scientific discipline too art
Management is outcome oriented because it gives a lot of importance to "Results". Examples of Results like, growth inwards marketplace share, growth inwards profits, etc. Management e'er wants to instruct the best results at all times.
4. Multidisciplinary inwards nature
Management has to instruct the piece of work done through people. It has to contend people. This is a rattling hard chore because dissimilar people receive got dissimilar emotions, feelings, aspirations, etc. Similarly, the same someone may receive got dissimilar emotions at dissimilar times. So, administration is a rattling complex job. Therefore, administration uses cognition from many dissimilar subjects such equally Economics, Information Technology, Psychology, Sociology, etc. Therefore, it is multidisciplinary inwards nature.
5. Influenza A virus subtype H5N1 grouping too non an private activity
Management is non an private activity. It is a grouping activity. It uses grouping (employees) efforts to attain grouping (owners) objectives. It tries to satisfy the needs too wants of a grouping (consumers). Nowadays, importance is given to the squad (group) too non to individuals.
6. Follows established principles or rules
Management follows established principles, such equally partitioning of work, discipline, unity of command, etc. These principles assist to preclude too solve the problems inwards the organisation.
7. Aided exactly non replaced past times computers
Now-a-days, all managers utilisation computers. Computers assist the managers to select accurate decisions. However, computers tin entirely assist management. Computers cannot supervene upon management. This is because administration takes the in conclusion responsibility. Thus Management is aided (helped) exactly non replaced past times computers.
8. Situational inwards nature
Management makes plans, policies too decisions according to the situation. It changes its fashion according to the situation. It uses dissimilar plans, policies, decisions too styles for dissimilar situations.
The director starting fourth dimension studies the total acquaint situation. Then he draws conclusions near the situation. Then he makes plans, decisions, etc., which are best for the acquaint situation. This is called Situational Management.
9. Need non live an ownership
In small-scale organisations, administration too ownership are 1 too the same. However, inwards large organisations, administration is carve upwards from ownership. The managers are highly qualified professionals who are hired from outside. The owners are the shareholders of the company.
10. Both an fine art too science
Management is result-oriented. Therefore, it is an Art. Management conducts continuous research. Thus, it is likewise a Science.
11. Management is all pervasive
Management is necessary for running a business. It is likewise essential for running business, educational, charitable too religious institutions. Management is a must for all activities, too therefore, it is all pervasive.
12. Management is intangible
Management is intangible, i.e. it cannot live seen too touched, exactly it tin live felt too realised past times its results. The success or failure of administration tin live judged entirely past times its results. If at that topographic point is skilful discipline, skilful productivity, skilful profits, etc., too then the administration is successful too vice-versa.
13. Uses a professional person approach inwards work
Managers utilisation a professional person approach for getting the piece of work done from their subordinates. They delegate (i.e. give) authorization to their subordinates. They inquire their subordinates to hand suggestions for improving their work. They likewise encourage subordinates to select the initiative. Initiative agency to practise the correct affair at the correct fourth dimension without beingness guided or helped past times the superior.
14. Dynamic inwards nature
Management is dynamic inwards nature. That is, blogspot.com//search?q=what-is-business-meaning-definitions">management is creative too innovative. An scheme volition hold upwards too succeed entirely if it is dynamic. It must continuously select inwards novel too creative ideas, novel products, novel production features, novel ads, novel marketing techniques, etc.
