Management is required in all kinds of organisations whether they are manufacturing computers or handlooms, trading in consumer goods or providing saloon services and even in non-business organisations. No matter what the organisation is or what its goals might be, they all have something in common – management and managers. Successful organisations achieve their goals by following a deliberate process called ‘management. Management consists of a series of interrelated functions that are performed by all managers. In simple words Management is the art of getting things done through people. Let’s understand the concept of management.
Table of Contents
Some of the common definition of management given by famous writers and thinkers are:
So Management can be defined as a process of getting things done with the aim of achieving goals effectively and efficiently. Some important terms in this definition are:
it is important for management to achieve goals (effectiveness) with minimum resources i.e., as efficiently as possible while maintaining a balance between effectiveness and efficiency.
Basic characteristics of management are:
The task of management is to make people work towards achieving the organisation’s goals, by making their strengths effective and their weaknesses irrelevant.
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