Business Is An Activity It Requires Management

Management is a planning and controlling process for reaching organizational goals by working with peoples and other organizational resources.

Management is the organization and coordination of the activities of a business in order to achieve definite objectives.

“Management” refers to the individuals who set the strategy of the organization and direction the endeavors of employees to fulfill objectives by using available human, financial and other resources efficiently and effectively. For an organization to be successful, the major role is played by the board of advisors.

One of the most common discussions that have been going on in the field of management is whether it is an art or a science. But before discussing this topic, understanding the concept of management is very important. What exactly is management? And why is it important in a business?

Management is the attainment of organisational goals in an effective and efficient manner through planning, organising, leading and controlling organisational resources (Samson & Daft, 2009, p. 12).

Business management is one of the key parts for a business/company to succeed with excellence and is considered one of the most important aspects. “Business management can range from supervising employees to extracting trends from data and developing the most efficient plans for business operations” (University Alliance). Business managers are also known as “general or operations managers and can also be in charge or hiring employees and negotiating contracts” (University Alliance). There are many different fields or concentrations of business management that may seem similar in some senses but there are eight specific branches of the career as a whole. These eight branches of business management itself include “financial management,

Management is the art of getting things done through and with people in formally organized groups and creates an environment in which people can perform as individuals and yet cooperate to reach an organization’s goals (Koontz, 1962). By allocating scarce resources towards these goals, setting priorities and designing work, strategies are developed and results are achieved through the motivating and rewarding of people to do the work (Toor and Ofori, 2008).

It is very difficult to give a precise definition of the term 'management'. Different scholars from different

Management in all business and organizational activities is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively. Management comprises planning, organizing, staffing, leading or directing, and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal. Resourcing encompasses the deployment and manipulation of human resources, financial resources, technological resources and natural resources.

Management is the process of planning, organizing, leading and controlling the efforts of organization members and of using all other organizational resources to achieve stated organizational goals.

Management is defined by Brevis, Cronje, Smit and Vrba as the necessary activities for an organisation to function, by using the process of controlling, organizing, leading and planning of the available resources to achieve goals by using as little of the resources as possible.

survival as well as success of any business enterprise. Management occupies such an important place in the modern world that the welfare of the people and the destiny of the country are very much influenced by it. Definition: “Management is the process of getting things done through the efforts of other people in order to achieve the predetermined objectives of organization”. Management may also be define as: “The process by which execution of given purpose put into operation and supervise”. A concise statement: “The function of executive leadership anywhere”. Another statement: Management may be defined as “A technique by which the purpose and objectives of particular human group are determined, defined, clarified and completed” From

Management plays a vital role in developing and promoting success to any business. There are various definitions for management by different scholars. According to Henri Fayol (1841-1925), “Management is to forecast and to plan, to organise, to command, to co-ordinate and to control” (Iim-edu.org, 2016). According to Lawrence A Appley, “Management is the development of people and not the direction of things” (HubPages, 2016).

Management makes remarkable differences between the companies regarding their performance in term of productivity , products, sales, profitability, service to the customer, employee welfare etc. Management plays a vital role in deciding the destiny of business as well as non-business organisations.

I think that the first thing to do when discussing management is to have a clear definition of the topic at hand, therefore referring to Samuel C. Certo and S. Trevis Certo, who in their book modern management define management as: