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Resources Articles Management What is Management (definition)
| What is Management (definition) |
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| Management |
| Written by Maheshwar |
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Management could be defined as the act of managing, supervising and controlling a business or any enterprise or a company or any deed of a person or persons. It is the method of handling skillfully and controlling every aspect in an organization or business by making use of resources like manpower, finance and material. It is a way to arrange, classify, distribute, forming groups or layouts in order or sequence. By this the organization or the business could run smoothly without any hassles. The person who leads and has the skill to manage with executive ability is called as the manager. The manager directs an individual or a group of individuals to work by planning. He is responsible to supervise and monitor the work regularly and to take action to rectify the work wherever not found satisfactory. The manager should have the familiarity of the work assigned to each individual or the group. He has to organize the entire work to run smoothly. The manager is given powers to fire his/her subordinates to promote smooth work. But if action has to be taken then it could be only done by the higher level management. Guidance is given by the manager and the action of the individuals is controlled by him/her to fulfill the work. In an management the manpower is not restricted to only managers but there are the supervisors, officers, technicians, engineers, directors, vice president, president and above all the chairman. Different sections in an organization have different managers like for accounts section it is the accounts manager, the operations of the organization is controlled by the operations manager, for the activities that take place in the night, the night manager is responsible. So, the role of the manager is to conduct and supervise the activities in a business or an organization or a company. To put it precisely, management is following a plan in a business or an organization utilizing the entire resources like the finance, plant, materials and labor to achieve the objectives lay down with maximum efficiency. There are five basic functions of a management- they are planning, organizing, staffing, directing and controlling. The planning is the map of the work to be done. Then the organizing is the supplying of resources to fulfill the work. Lastly it is the getting of the end product or the result of the work. When these functions are followed by the organization then the occurrence of the errors nullifies or reduces. It enables the organization to immediately take corrective measures. The standard and the quality is maintained. Also the desired goal is achieved in the manner it was planned. The real performance of the organization is measured and assessed. So management is the accomplishment of work by the efforts of others in groups. To put it in a simple way management is the method of achieving the organizational goals by bringing together the human, physical and financial resources in the best possible way to achieve the goals set therein to get the optimum benefits, profits and results for the organization. |