Concept of Management

Meaning, Definitions, Nature and Importance of Management

 

Concept of Management 

Meaning

Management is the administration of an organization, whether it is a business, a non-profit organization, or a government body. It involves the way the managing body takes decisions, deals with employees, and interacts with the business environment.

Scholar from different disciplines view and interpret management from their own angles. The basic definition of management can be expressed as:

“Management is the act of getting people together to accomplish desired goals and objectives using available resource efficiently and effectively.”

“Management is a process of planning, organizing, staffing, directing and controlling human efforts to achieve organizational objectives effectively.”

Definitions

Some definitions of management by leading management thinkers and practitioners are given below:

According to F.W. Taylor

“Management is the art of knowing what you want to do and then seeing that it is done in the best possible and cheapest way.”

According to Koontz

“Management is the art of getting things done through and with people in formally organized groups.”

According to Henry Fayol

“To manage is to forecast and to plan, to organize, to command, to coordinate and to control.”

 According to Peter Drucker

“Management is a multi-purpose organ that manages business and manages managers and manages workers and work.”

According to Mary Parker Follet

“Management is the art of getting things done through people.”

According to Lawrence A. Appley

“Management consists in guiding human and physical resources into dynamic, hard hitting organisation unit 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.”

According to Henry L Sisk

“Management is the coordination of all resources through the process of planning, Organising, directing and controlling in order to stated objectives.”

According to James L. Lundy

“Management is principally the task of planning, coordinating, motivating and controlling the efforts of others towards a specific objective.”

 According to Harold Koontz and O’ Donnell                                                                                                                                              

“Management is the creation and maintenance of an internal environment in an enterprise where individuals working in groups, can perform efficiently and effectively towards the attainment of group goals.”