Management Defn

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1). Define Organisation and Management from different Authors or Management Gurus-5 pages The definition of management is not static due to usage and practices by those in managerial positions. Thus the meaning can change This means that it is good if we can keep abreast of new development in this area. It is enough if you have an adequate understanding of the definition of management. The better approach is to know "the how to" and whether the way you manage things effectively accomplish the targets of the tasks at hand. And thus helping, at the end of the day, to achieve the overall objectives of your organization. It is very difficult to give a precise definition of the term 'management'. Different scholars from different…show more content…
This approach may be referred to Henry Fayol, who classified management activities into the following categories: • Technical - referred to production department. • Commercial - relates to buying, selling and exchange. • Financial concerned with maximum utilization of capital. • Security concurred with protection of property and person. • According concerned with maintenance of accounts, presentation and statistics and • Management concerned to planning, organizing, commanding, coordinating and controlling. • Henri Fayol • talks of management as consisting of seven functions: • 1. planning; 2. organizing; 3. leading; 4. coordinating; 5. controlling; 6. staffing, and 7. motivating. • F.W. Taylor: Management as a group of personnel According to F.W. Taylor, "Management is the art of knowing what you want to do and then seeing that they do it in the best and the cheapest may." According to this approach human factor plays an important role in accomplishing business objectives. management is concerned with those who have been managing the affairs of the business. Managers are assigned duties and are also granted requisite authority to perform their duties efficiently and thus, management is effective direction, coordination and control of individual and group efforts to
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