Management is the art and science of controlling, organizing, directing and motivating human resources. It is also the management function of achieving predetermined goals and objectives of an organization. It is a vital function of every organization.
Management is an organizational process that aims to achieve the highest levels of effectiveness, efficiency and productivity. It is a group effort that requires skill and knowledge. It is a complex and dynamic function that requires an understanding of several facets of the job. It is a multi-disciplinary activity that requires the application of scientific principles and a willingness to change style according to the situation.
To be successful, managers must use efficient and effective techniques to perform all aspects of their job. A successful manager is aware of what the industry is doing and is capable of keeping things moving forward. A good manager knows when to start and when to stop. He or she is also knowledgeable about the appropriate techniques to use to ensure that the company is successful.
Management has become a critical component of all organizations. The success of any enterprise depends on the proper functioning of this function. However, it is important to understand that the definition of management varies from place to place and even from one organisation to the next. It is important to understand that the term’management’ has evolved from its original meaning over time.
The term’management’ originated in the XV century French verb mesnager, which means to handle horses. The English verb “manage” can be traced back to the Italian maneggiare, which means to handle tools.
In the modern era, the concept of management has expanded to include the various ways in which human and non-human resources are used to reach the objectives of an organization. There are many management theories, some of which are borrowed from economics, psychology and other disciplines. There are various functions involved in management, and these are grouped into five categories: managing, coordinating, directing, staffing and controlling.
The first and most basic function in management is planning. Planning is the process of determining what to do, when to do it, and how to do it. It involves generating a plan of action, deciding the right strategies and identifying resources and personnel. This may be a simple task or a large undertaking.
The second most important function is directing. Depending on the nature of the organization, it may involve a single person or a large group. The main aim of directing is to get people to do the right things, at the right time, and for the best cost. This includes mentoring, communication and decision-making.
The third most important function in management is leading. This is a very important function because it is crucial to get the work done. In order to do this, managers must hire, train, motivate and organize employees. The most effective way to do this is to create an environment that is conducive to co-operation and productive work.