Introduction to Management

Definitions of Management:

“Management is the process of working with and through others to effectively achieve organisational objectives by efficiently using limited resources in the changing environment.”

                                                                by Kreitner

“Management is defined as the process of planning, organising, actuating and controlling an organisation’s operations in order to achieve coordination of the human and material resources essential in the effective and efficient attainment of objectives.”

                                by Robert L. Trewelly and M. Gene Newport

“Management is the process of designing and maintaining an environment in which individuals, working together in groups, efficiently accomplish selected aims.”

by Harold Koontz and Heinz Weihrich

Introduction to Management:

Management is a very popular and vast term. It is essential and applicable to all types of organization either it be profit or non-profit, services or manufacturing, large scale or medium scale or small scale.

Management involves a series of interrelated functions aimed at achieving a set of goals efficiently and effectively. For better understanding we can divide this statement in three parts.

(a) Management is a process of achieving a predetermined target

(b) The effectiveness in management is performing the right task or achieving the end result.

(c) The efficiency lies in completing the task correctly  and with minimum cost. If the resources used or the inputs are less ,leading to greater benefits(outputs) then efficiency increases.

Note:-Input resources includes money, material and men. Efficient use of these resources will reduce cost and lead to profit which is desirable for any management.