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Sharing Wisdom and Vivid Memories of LifeKALYAN CITY LIFE

ABOUTKalyan City is a fast emerging residential township in

the Thane district of Maharashtra state, India. It is acentral suburban town and resides 54 kmsnorth-east of Mumbai. This blog regularly sharesquality academic materials. Here we also documentour unique experiences and vivid memories of life.Read our lucid informative articles to excel your understanding, knowledge and success.

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are inspired from our work experience, fieldresearch, study of various good books andpapers, seminars and consultations fromsubject scholars. Our unique collection of useful study notes is an outcome of a teameffort and hard work of Gaurav Akrani, Prof.Mudit Katyani and Manoj Patil.

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What is Management?Definitions Meaning and

FeaturesPost : Gaurav Akrani Date : 4/21/2011 08:46:00 AM ISTComments (17) Labels : Management

What is Management? Definitions

According to Harold Koontz ,

"Management is the art of getting things done through and withpeople in formally organised groups."

Harold Koontz gave this definition of management in his book " The

Management Theory Jungle ".

According to Henri Fayol ,

"To manage is to fo recast and to plan, to organise, to command, toco-ordinate and to control."

Henri Fayol gave this definition of management in his book " Industrial and

General Administration ".

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Image Credits Michael Heiss .

According to Peter Drucker ,

"Management is a multi-purpose organ that manages business andmanages managers and manages workers and work."

This definition of management was given by Peter Drucker in his book " The

Principles of Management ".

According to Mary Parker Follet ,

"Management is the art of getting things done through people."

Meaning of Management

According to Theo Heimann , management has three different meanings, viz.,

1. Management as a Noun : refers to a Group o f Managers.

2. Management as a Process : refers to the Functions of Management i.e.

Planning, Organising, Directing, Controlling, etc.

3. Management as a Discipline : refers to the Subject of Management.

Management is an individual or a group of individuals that accept

responsibilities to run an organisation. They Plan, Organise, Direct and Control

all the essential activities of the organisation. Management does not do the

work themselves. They motivate others to do the work and co-ordinate (i.e.

bring together) all the work for achieving the objectives of the organisation.

Management brings together all Six Ms i.e. Men and Women, Money,

Machines, Materials, Methods and Markets. They use these resources for

achieving the objectives of the organisation such as high sales, maximumprofits, business expansion, etc.

Features of Management

Following image depicts fourteen important features of management.

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The nature, main characteristics or features of management:

1. Continuous and never ending process.

2. Getting things done through people.

3. Result oriented science and art.

4. Multidisciplinary in nature.

5. A group and not an individual activity.

6. Follows established principles or rules.

7. Aided but not replaced by computers.

8. Situational in nature.

9. Need not be an ownership.

10. Both an art and science.

11. Management is all pervasive.

12. Management is intangible.

13. Uses a professional approach in work.

14. Dynamic in nature.

Now let's briefly discuss each feature of management.

1. Continuous and never ending process

Management is a Process. It includes four main functions, viz., Planning ,

Organising, Directing and Controlling. The manager has to Plan and Organise

all the activities. He had to give proper Directions to his subordinates. He also

has to Control all the activities. The manager has to perform these functions

continuously. Therefore, management is a continuous and never ending

process.

2. Getting things done through people

The managers do not do the work themselves. They get the work done through

the workers. The workers should not be treated like slaves. They should not be

tricked, threatened or forced to do the work. A favourable work environment

should be created and maintained.

3. Result oriented science and art

Management is result oriented because it gives a lot of importance to

"Results ". Examples of Results like, increase in market share, increase in

profits, etc. Management always wants to get the best results at all times.

4. Multidisciplinary in nature

Management has to get the work done through people. It has to manage

people. This is a very difficult job because different people have different

emotions, feelings, aspirations, etc. Similarly, the same person may have

different emotions at different times. So, management is a very complex job.

Therefore, management uses knowledge from many different subjects such as

Economics, Information Technology, Psychology, Sociology, etc. Therefore , it i s

multidisciplinary in nature.

5. A group and not an individual activity

Management is not an individual activity. It is a group activity. It uses group

(employees) efforts to achieve group (owners) objectives. It tries to satisfy the

needs and wants of a group (consumers). Nowadays, importance is given to

the team (group) and not to individuals.

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6. Follows established principles or rules

Management follows established principles, such as division of work, discipline,

unity of command, etc. These principles help to prevent and solve the problems

in the organisation.

7. Aided but not replaced by computers

Now-a-days, all managers use computers. Computers help the managers to

take accurate decisions. However, computers can only help management.

Computers cannot replace management. This is because management takes

the final responsibility. Thus Management is aided (helped) but not replaced by

computers.

8. Situational in nature

Management makes plans, policies and decisions according to the situation. It

changes its style according to the situation. It uses different plans, policies,

decisions and styles for different situations.

The manager first studies the full present situation. Then he draws conclusions

about the situation. Then he makes plans, decisions, etc., which are best for

the present situation. This is called Situational Management.

9. Need not be an ownership

In small organisations, management and ownership are one and the same.

However, in large organisations, management is separate from ownership. The

managers are highly qualified professionals who are hired from outside. The

owners are the shareholder s of the company.

10. Both an art and science

Management i s result-oriented. Therefore, it is an Art. Management conducts

continuous research. Thus, it is also a Science.

11. Management is all pervasive

Management is necessary for running a business. It is also essential for

running business, educational, charitable and religious institutions.

Management is a must for all activities, and therefore, it is all pervasive.

12. Management is intangible

Management is intangible, i.e. it cannot be seen and touched, but it can be felt

and realised by its results. The success or failure of management can be

judged only by its results. If there is good discipline, good productivity, good

profits, etc., then the management is successful and vice-versa.

13. Uses a professional approach in work

Managers use a professional approach for getting the work done from their

subordinates. They delegate (i.e. give) authority to their subordinates. They ask

their subordinates to give suggestions for improving their work. They also

encourage subordinates to take the initiative. Initiative means to do the right

thing at the right time without being guided or helped by the superior.

14. Dynamic in nature

Management is dynamic in nature. That is, management is creative and

innovative. An organisation will survive and succeed only if it is dynamic. It

must continuously bring in new and creative ideas, new products, new product

features, new ads, new marketing techniques, etc.

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ManagementFunctions AndProcess,ManagementThought

Levels of Management - Top,Middle and Lower Level

Importance of Management -Significance RoleNeed Purpose

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17 Comments :

Anonymous said...February 11, 2013 at 12:57 AM

Thanks a lot for your gr eat web resource!

Anonymous said...February 26, 2013 at 3:57 PM

Thanks alot for your brillaint web empowerment

Anonymous said... April 10, 2013 at 7:10 PM

I really appreciate your article on management..thanks alot

imran prolta said...May 27, 2013 at 10:46 PM

its a good way to provides the notes and knowledge....thanks a lot

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Georgenia Nnawuchi said...June 22, 2013 at 2:50 PM

This is really a detailed clue to the 'concept' of management. I appreciateyour contribution. Thank you.

TAIWO JIMOH said...July 1, 2013 at 10:52 AM

This is original school where all can learn, thanks and more power to your elbow.

Anonymous said...July 26, 2013 at 2:23 PM

Thanks for ur tireless effort to the learners

REV. UKPAI DIKE UKPAI. said... August 15, 2 013 at 2:51 P M

MY NAME IS UKPAI DIKE UKPAI.THANK YOU VERY MUCH FOR THEWAY YOU SIMPLIFIED THIS TEACHING MAY GOD BLESS YOU AS I AMNOW MOTIVATED TO PUT IN PRACTICE WHAT I HAVE LEARNED ANDWILL CONTINUE TO RESEARCH AND LEARN, TO ALWAYS COME OUTWITH GOOD RSULTS FOR MY MINISTRY

Justin Timbs said...September 20, 2013 at 3:01 PM

thanks for enlightening us the meaning of management. Really helped mein ma research/

Anonymous said...October 4, 2013 at 6:58 PM

i really enjoyed the article, it gives me exactly what am looking for you havedone a good work thanks

Anonymous said...October 7, 2013 at 6:45 PM

Thank you so much. I am in the eighth grade and this article really helpedme in my Commerce project. Thank you very much again.

Anonymous said...

November 20, 2013 at 4:55 AMRemain blessed as reworth over the time you sacrifice to guide inknowledge throught this web.I AM MAMMAN NUHU a student atCOLLEGE OF ADMINISTRATION AND HUMAN RESOURCESMANAGEMENT BAMBAM.GOMBE STATE,@NIGERIA.

Victor Mweiwa said...November 29, 2013 at 6:10 AM

Thanks for the effort in coming up with this, it has really simplified my lifewith simple explanations. .Victor

Anonymous said...January 14, 2014 at 10:12 AM

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Anonymous said...January 21, 2014 at 3:23 PM

Thanks a lot for your web services,you have helped me finish myassignments and i have leant more about management.

Ghulam Naqshband said...March 8, 2014 at 10:48 AM

That is brilliant explanations about management,I really appreciate, thanks once again. ..

Anonymous said...May 11, 2014 at 5:10 PM

I enjoyed and appreciate your explanations,it is worthy and makes me moreknowledgeable in the field of business.Thanks a lot.

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