MANAGEMENT-Introduction,Defination,Features&Characteristics

INTRODUCTION

Management is necessary for all the organizations irrespective of its size, nature and functions. the concept of management is not restricted to business organization but even non-business organizations needs to manage its functions. Management is pervasive and universally accepted function.

 No organization can work smoothly and efficiently without management.

Few examples are:

1. Infosys has become a leading IT company due to managerial    efficiency of Narain Murthy and his managers.
 2. Wipro is running successfully due to managerial efficiency of  Aseem  Premjee and his groups of managers.
3.HCL has grown into a big and famous company because of its management.


DEFINATONS OF MANAGEMENT

• "To manage is to forecast , to plan to organise,to command ,to coordinate and to control".

• "Management is establishing an effective environment for people operating in formal organizational group". -By  Kootz and O Donnel

• "Management is the process by which a cooperative group directs actions of other towards common goals".-By  Marrie and Douglas

• "Management is the coordination of all resources through the process of planning ,organising ,directing and controlling in order to attain stated objectives".  -By F.W Taylor

• "Management is the art of knowing exactly  what you want your men to do and then seeing that they do it in the best and cheapest way".  -James L.Ludney

Features or Characteristics of Management

1.Management is goal oriented
2.Management is pervasive
3.Management is multidimensional
   -management of work
   -management of people
   -management of operation
4.Management is a continuous process
5.Mnagement is a group activity
6.Management is a dyanamic function
7.Intangible
8.composite process
9.Balancing effectiveness and efficiency