Sunday, 5 June 2016

what is Management?

Basic Concepts of Management
Introduction:
*Management is an important element in every organization. It is the element that coordinates currents organizational  activities and plans for the future.
*The management adapts the organization to its environment and shapes the organization to make it more suitable to the organization.
Definitions:
“Management is the art of “knowing what you want to do” and then seeing that it is done in the best and cheapest way.                                                                            F.W.Taylor
Management as a process “consisting of planning, organizing, actuating and controlling, performed to determine and accomplish the objective by the use of people and resources.”                                                                                                                                              George R. Terry
In this definition:
Planning means Plan in advance.
Organizing means coordination between human resources and material resources.
Actuating means motivation and giving direction to subordinate.
Controlling means to ensure about implementation of plan without deviation.

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