Definition of management:

Management plays a pivotal role in the operation of business organizations. For achieving the goals of business organization, it is necessary to guide, direct and co-ordinate the efforts of others and constructively canalizes their potential. According to Peter Drucker “ It is a multipurpose organ that manages a business and manages managers and work and the  workers”.  

Management can be defined as:

      “Process of planning, organizing, Directing, and controlling the resources of an organization in the efficient and effective pursuit of specified organizational goals”. 

The various definition of Management are given below----

Louis Allen “Management is what manager does”.

F.W. Taylor “Management is knowing exactly what you want men to do and then seeing that they do it in the best and efficient way”.

Marry Parkar Follet “Management is the art of getting things done through people”.

Management Process:

Management process is seen as a process of activities which can be divided in to four distinct but integrated activities; Planning, Organizing, Leading and Controlling. Manager should efficiently utilize the resources (such as physical, financial, human and Information)

 

                                      Fig:  Efficiency and Effectiveness

    

Function of Management

Planning:-

-Determination of long and short range objectives.

-Development of strategies to achieves.

-Formulation of action Plans.

Organizing :-

-Identification of activities.

-Job design.

-Matching job and Employees.

-Delegation of authority.

Staffing :-

-Manpower planning.

-Requirement for attracting suitable number of employees.

-Selection and training.

-Transfer and promotion  

-Training and development of employees.

Directing :- 
-Communication

-Motivation

-Leadership 

Controlling :-

-Measurement of performance against predetermined goals

-Identification of the deviation

-Corrective action to rectify the deviation.