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I love this, it’s a superb work. Required fields are marked *. Described in a very beautiful way. It involves the predicting of the future as well as attempting to control the events. January – 2020 Edition Concept of Management 2. Using this approach, we can arrive at the management process which describes the […] Comments. December – 2019 Edition, Concept of Management: Definition and Characteristics. No matter what the organisation is or what its goals might be, they all have something in common – management and managers. Definitions of Management 3. thank you!! August – 2020 Edition Informative and very easily elaborate, thanks for sharing…, Thank for making us know more about management. But you might have a different point of view about management but the purpose of it remai… He defines management as a process "consisting of planning, organizing, actuating and controlling, performed to determine and accomplish the objectives by the use of people and other resources". It is useful as a last minute reading. There may be sudden strategies required to b… Paul Hersey and Ken Blanchard give better explanation of the difference between leadership and management. Thaknk you!! It is a broader concept on its own. Management comprises planning, organizing, staffing, leading or directing, and controlling an organization to accomplish a goal. Management uses these resources for achieving the objectives of the organization such as high sales, maximum profits, business expansion, etc. June – 2020 Edition The article is written by Surbhi S. on 9 June 2018. A manager should be … 2. As a student of Management Subject. Keep it up, Straight to the point. The 14 Principles of Management had a significant influence on present management theory. ADVERTISEMENTS: After reading this article you will learn about Management:- 1. Precisely, all the functions, activities and processes of the organization are interconnected to one another. Successful organisations achieve their goals by following a deliberate process called ‘management. Planning requires administration to assess where the company presently is and where it would be in the coming years. Planning is future-oriented and determines an organization’s direction. Organization is associated with developing an outline where the overall work is divided into manageable components in order to facilitate the achievement of objectives or goals. This blog is helpful for me…. Planning is the foundation pillar of management. How do you define management?Management is a process with a social element. Concept of Management 2. Thank you so much. Management includes the activities of setting the strategy of an organization and coordinating the efforts of its employees (or of volunteers) to accomplish its objectives through the application of available resources, such as financial, natural, technological, and human resources. It involves the ability to foresee the effects of current actions in the long run in the future.Peter Drucker has defined plannin… Elaborated in very simple and concise way. Management is not a onetime act but an on-going series of interrelated activities. May – 2020 Edition This approach focuses on the objectives and outcomes of the HRM function. Concept of Management: One way to analyse management is to think in terms of what a manager does. 1. what is management under teaching method. It is a kind of organized foresight as well as corrective hindsight. It’s very helpful. The sum total of these activities is known as management process. The four management activities included in this process R. Terry. , it is so great and have liked the way the work is organised and summarised.thank you, “Management” Businessjargons.com. In simple words Management is the art of getting things done through people. Mooney and A.C. Railey: “Management is the art of directing and inspiring people.” Today’s managers understand and leverage formal project management practices to ensure timely completion and proper control of initiatives. A process is a systematic way of doing things. Planning is an unending course of action. it implies dealing with employees as individuals with diverse needs and behavior; it also means dealing with individuals as a group of people. In other words, it is concerned with optimally using 5M’s, i.e. March – 2020 Edition Management is a process which brings the scarce human and material resources together and motivates people for the achievement of objectives of the organization. 1 Defining Management and Organization 1 In this era of globalization accompanied by complexity, ambiguity, rapid change, and diversity, managing an organization is a difficult task. Yet, good management is criti-cal for the survival of an organization. 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