Management | Concept of Management

Management, Concept of Management

 

Management



The term ‘management’ stands for the act of organising, planning, directing and controlling the activities of human beings and physical resources with the intention of accomplishing a predefined objective. Being broad in nature the word carries many contextual meanings.

It is looked upon as a ‘class of persons’, as a ‘factor of production’, as a ‘exploiting set of people’, as a ‘process’ from the viewpoints of management practitioners, economists, socialists and trade unionists, respectively.

According to Peter Drucker, “Management is a multipurpose organ that manages a business, manages manager and manages workers and work”.

According to Louis Allen, “Management is what a manager does”.

According to Koontz and O’Donnell, “Management is the creation and maintenance of an internal environment in an enterprise where individuals, working in groups, can perform efficiently and effectively toward the attainment of group goals. It is art of getting the work done through and with people in formally organized groups”.

According to James D. Mooney and Allan C. Reiley, “Management is the art of directing and inspiring people”.

Concepts of Management

Different concepts related to the management such as Management as a Process, Management as an Activity, Management as a Group, Management as a Discipline, Management as an Economic Resource. Explanation of these concepts are as follows:

  1. Management as Process : Management as process is a process of setting planning, goals, controlling the organizing and leading the execution of any type of activity, such as: a project (project management process) or a process (process management process, sometimes referred to as the process of performance measurement and management system).
  2. Management as an economic resource : Management as an economic resource, management makes a productive enterprises out of physical and human resources (i.e. labour). The inputs of manpower, machinery, material and money do not by themselves ensure growth, they become productive through the catalyst of management.
  3. Management as an activity : Management as an activity is the process of observing all the day to day functions of the employees and also tends to label their activities and this helps to identify the activity and progress by tracking each and every entity in a typical day.
  4. Management as group : Management as group refer to all those persons who perform the task of managing an enterprise. When we say that management of ABC Pvt. Ltd. is good, we are referring to the group of people those who are managing this Company.
  5. Management as a discipline : Management as a discipline refer to that branch of knowledge which is connected to study of principles and practices of basic administrations. Management as a discipline specifies certain code of conducts for managers and indicates various methods of managing an enterprise.

 

COMMENTS

Name

Android,17,Computer/Laptop,15,Games,1,Knowledge,24,MIUI,15,Mobile,6,News,15,Rom,15,Tech,29,TWRP,48,WikiHUB,3,Windows,14,Xiaomi,16,
ltr
item
Dhiman Hub: Management | Concept of Management
Management | Concept of Management
Management, Concept of Management
https://1.bp.blogspot.com/-FAM1_1dTo4g/YBBCJC9T86I/AAAAAAAAAjg/QKB8kzaLNCYYs6wQMStmc1PioJ2bJRtCACLcBGAsYHQ/s16000/Management%2B%252CConcept%2Bof%2BMGT_DhimanHUB.png
https://1.bp.blogspot.com/-FAM1_1dTo4g/YBBCJC9T86I/AAAAAAAAAjg/QKB8kzaLNCYYs6wQMStmc1PioJ2bJRtCACLcBGAsYHQ/s72-c/Management%2B%252CConcept%2Bof%2BMGT_DhimanHUB.png
Dhiman Hub
https://dhimanhub.blogspot.com/2021/01/management-concept-of-management.html
https://dhimanhub.blogspot.com/
https://dhimanhub.blogspot.com/
https://dhimanhub.blogspot.com/2021/01/management-concept-of-management.html
true
5139825097575984271
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy