"Management" (from Old French ménagement "the directing", from Latin manu agere "to lead by the hand") characterises the process of leading and directing all or part of an organisation, often a business, through the deployment and manipulation of resources (human, financial, material, intellectual or intangible). Early twentieth-century management writer Mary Parker Follett defined management as "the art of getting things done through people."
One can also think of management functionally, as the action of measuring a quantity on a regular basis and of adjusting some initial plan, and as the actions taken to reach one's intended goal. This applies even in situations where planning does not take place. From this perspective, there are five management functions: planning, organizing, leading, co-ordinating and controlling. For others though, this definition, while useful, is far too narrow. The phrase "management is what managers do" is also prevalent, conveying the difficulty with which management is defined, the shifting nature of definitions, and the connection of managerial practices with the existence of a managerial cadre or class.
Management is known by some as "business administration", although this then excludes management in places outside business, eg charities and the public sector. University departments that teach management are nonetheless usually called "business schools". The term "management" may also be used as a collective word, describe the managers of an organization, for example of a corporation.
2006-08-27 03:52:50
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answer #1
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answered by Mohan 5
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To manage anything considering every factor with the availeble resources is called Manager.And the group of Manager are called "Management"
2006-08-27 09:56:32
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answer #2
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answered by samir g 1
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Management within a company or organization is charged with the day to day operations of the company, including handling personnel and client issues.
2006-08-27 03:20:48
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answer #3
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answered by Mrs. Strain 5
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Management skill is very important skill. Management is nothing but as the Leadership.
2017-02-10 02:16:51
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answer #4
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answered by Robin 1
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managing wth a plnnd mnnr
2006-08-27 03:35:50
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answer #5
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answered by Anonymous
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Management is directing people to do tasks to accomplish a specific goal or mission...
Leadership, on the other hand, is inspiring people to do tasks to accomplish a specific goal or mission.
2006-08-27 03:20:14
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answer #6
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answered by Physh 4
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It is nothing but sitting on top and deciding what others should be doing for the organisation to make profit.
2006-08-30 22:53:47
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answer #7
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answered by rups 3
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its every things in your life and its born with you .because when you are ababy and want to eat . you have aplan
cry and my mam will feet me .
2006-08-27 03:24:14
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answer #8
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answered by elias jack susi 1
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