MANAGEMENT:
Mary Parker Follet (1863-1933), describe the word management as “the art of getting work done through others”. The word manage is originated from Italian work “maneggiare” that means “to handle” but the word maneggiare is used for handling the tools.
Theoretically it could be explained as management is the act of achieving the desire goals and objectives by the efficient use of available resources through the group or groups of people. Here the utilization of resources are refers to the Human resources, technological, finance and all other available and affordable resources.
DEFINATIONS:
“Organisation and coordination of the activities of an enterprise in accordance with certain policies and in achievement of clearly define objectives. Management is often included as a factor of production along with machine, materials and money. According to the management guru Peter Drucker (1909-2005) the basic task of a management is twofold: marketing and innovation”.
“Management comprises the interlocking functions of formulating corporate policy and organizing, planning, controlling, and directing the firm's resources to achieve the policy's objectives. The size of management can range from one person in a small firm to hundreds or thousands of managers in multinational companies. In large firms the board of directors formulates the policy which is implemented by the chief executive officer”.
Management word according to different writers explains three aspects of organization.
• Making things happen
• Meeting the competition
• Organizing people, project and process
MANAGEMENT FUNCTIONS:
Management functions are classified as;
• Planning
• Organizing
• Staffing
• Leading
• Controlling
Some management styles use an additional function of motivation as well as a basic function of management.
ORGANIZING:
Organising is considered to be everything in correct order and correct...