In all organizational activities, management represents the act of coordinating members using available resources so that the desired goals and objectives are accomplished efficiently. A manager must plan, lead, control and direct an organization, so that a certain goal is reached. Human resources, financial resources, natural resources and technological resources must be organized in a way that increases productivity.

Definition of Management Definition of Management Pictures

The term “manage” originates in the Italian “maneggiare” that comes from the Latin word “manus,” meaning hand. In the 17th and 18th centuries the English term “management” appeared, influenced by the French“mesnagement.” There are three meaning of the word: as a noun, it refers to a group of managers, an a discipline it corresponds with the subject of management and as a process it designates functions of management such as organizing, planning, controlling and directing.

Many people think of management as business administration, and therefore invalidate the concept outside commerce. The public sector, charities and non-governmental organizations also need people to organize and plan the activity. University management departments are often named business schools, like the Harvard Business School.

Peter Drucker was an American educator, author and consultant who brought a contribution to the foundations of modern business corporation with his writings. He invented the concept of management by objectives and leaded the evolution of management education. Drucker’s definition of management revolves around two concepts: innovation and marketing. Product innovation is a central component of marketing, the key to business success, although this branch not considered a different area of business administration, separate from management. According to Peter Druker, management is a multipurpose organ that “manages” the business, the managers, the employees and the work.

Another definition of management is given by Mary Parker Follett, one of the first women to address cutting-edge management issues. She describes management as a philosophy, “the art of getting things done through people.” She disapproved with over-managing employees, a method also known as “bossism” or micromanaging. Follet was the first woman to ever speak at the London School of Economics, and many consider her the creator of scientific management.

Management is a wide concept that incorporates the six Ms: markets, methods, materials, men and women, money and machines used for achieving the organization’s objectives. Property management for example, is the task of managing and maintaining a house, apartment or terrain; the property manager collects rents, deals with fixing broken things, and generally maintaining the property’s value. Doing property management requires multiple skills, but it can be a lucrative job. Henry Fayol wrote in hid book “Industrial and General Administration” that to manage is to plan, forecast, coordinate, control, organize and command. According to Harold Koontz, a professor who co-authored the best-seller “Principles of Management,” management is the art of getting things done in organized groups through and with people.

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