Definitions Management

Definitions Management. Good management is basic to starting a business, growing a business, and maintaining a business once it has achieved some measure of success.

What is Management? 

"Management is the organizational process that includes strategic planning, setting objectives, managing resources, deploying the human and financial assets needed to achieve objectives, and measuring results. Management also includes recording and storing facts and information for later use or for others within the organization. Management functions are not limited to managers and supervisors. Every member of the organization has some management and reporting functions as part of their job." (Knowledge Management Terms, 2009) .

Fredmund Malik defines it as "the transformation of resources into utility." Management included as one of the factors of production – along with machines, materials and money.

According to Koontz “Management is the process of designing and maintaining an environment in which individuals, working together in groups, efficiently accomplish selected aims”.

According to ILO: “Management is the complex of continuously coordinated activity by means of which any undertaking administration/public or private service conducts its business”.

According to Henri Fayol: “Management is conduct of affairs of business, moving towards its objective through a continuous process of improvement and optimization of resources”.

According to Lawrence A. Appley: “Management is guiding human and physical resources into a dynamic, hard hitting organization until that attains its objectives to the satisfaction of those served and with a high degree of morale and sense of attainment on the part of those rendering the service”.

• Deciding in advance what to do, how to do, who has to do, when to do and where to do.
• Planning bridges the gap from where we are now to where we want be in future.

According to George R. Terry: “Management is a process consisting of planning, organizing, actuating and controlling, performed to determine and accomplish the objectives by use of people and resources”.

According to Mary Parker Follett: “Management is the art of getting things done through people”.

Source

https://en.wikipedia.org/wiki/Management#Definitions