What do you mean by Management

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 …

Read moreWhat do you mean by Management

Meaning of Management

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 …

Read moreMeaning of Management

New Concept of Management

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 …

Read moreNew Concept of Management

Function of Management

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 …

Read moreFunction of Management

Managerial Functions

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 …

Read moreManagerial Functions

Five Management Functions

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 …

Read moreFive Management Functions

Concepts of Management

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 …

Read moreConcepts of Management