Management Introduction Articles, Basics of Management, Concepts, Definitions.
Management is the function that organizes the execution of today’s business. Some would define management as an art, while others would define it as a science. Whether management is an art or a science isn’t what is most important. Management is a process that is used to accomplish organizational goals; that is, a process that …
To manage is to affect the activity of a process and successful management achieves, to a degree, desired results. Knowledge of the process is not required — initially, since management may be “trial and error” until one learns “what works” in certain situations. However, knowledge of the processes and conditions that affect them is a …
Management is an organizational function, like sales, marketing or finance. It doesn’t necessarily mean managing people. We can manage ourselves or the material assigned to us at work. If you managed a project very well on your own, it would mean that you did the job in a well-organized, efficient manner, making good use of …
Management in the Organization Definition of management > The manner in which a business is operated, supervision and execution of management policies. > For understanding the definition of management, the comparative between Management concept and other concept such as Administration is reviewed in this article. Management and Administration “These two words are slightly similar and …
Henri Fayol was the first person to identify elements or functions of management in his classic 1916 book Administration Industrielle et Generale. The functions of management uniquely describe managers’ jobs. The most commonly cited functions of management are planning, organizing, leading, and controlling, although some identify additional functions. The functions of management define the process …
Managers create and maintain an internal environment, commonly called the organization, so that others can work efficiently in it. A manager’s job consists of planning, organizing, directing, and controlling the resources of the organization. These resources include people, jobs or positions, technology, facilities and equipment, materials and supplies, information, and money. Managers work in a …
Any organization, whether new or old, whether small or big need to run smoothly and achieve the goals and objectives which it has set forth. For this they had developed and implemented their own management concepts. There are basically four management concepts that allow any organization to handle the tactical, planned and set decisions. The …
Management is creative problem solving. This creative problem solving is accomplished through four functions of management: planning, organizing, leading and controlling. The intended result is the use of an organization’s resources in a way that accomplishes its mission and objectives. In Management Excel, this standard definition is modified to align more closely with our teaching …
Last week the HBS Working Knowledge newsletter pointed to an article called Is Business Management a Profession?. Of course it is, but what they’re really asking is whether management ought to become professionally recognized in the same way that the fields of medicine and law are recognized. The reason for the question is that the …
Management is the art of human relations and the science of organizational leadership. Classical management theories accepted that the functions or operational tasks of managers should be clearly identified and assigned to a specific organizational unit. each function should be precisely defined, with standards for correct performance that are enforced consistently by supervisors. This article …