Management Notes (UGC NET Paper 2)

UNIT 1

 

Concept of Management

Scholars from different disciplines view and interpret management from their own angles. The basic definition of management can be expressed as:
“Management is the act of getting people together to accomplish desired goals and objectives using available resource efficiently and effectively”.
Management comprises planning, organizing, directing, controlling and staffing (a group one or more people or entities) for the purpose of accomplishing a goal. Management brings together all Six M’s, i.e., men, money, machines, materials, methods and markets.

Definitions of Management

Some definitions of management by leading management thinkers and practitioners are given below:

“Management is the art of knowing what you want to do and then seeing that it is done in the best possible and cheapest way.”

– FW Taylor

“Management is the art of getting things done through and with people in formally organized groups.”

– Koontz

“To manage is to forecast and to plan, to organize, to command, to coordinate and to control.”

– Henry Fayol

“Management is a multi-purpose organ that manages business and manages managers and manages workers and work.”

-Peter Drucker

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

– Mary Parker Follet

“Management consists in guiding human and physical resources into dynamic, hard hitting organisation unit that attains its objectives to the satisfaction of those served and with a high degree of morale and sense of attainment on the part of those rendering the service.”

-Lawrence A Appley

“Management is the coordination of all resources through the process of planning, Organising, directing and controlling in order to stated objectives.”

– Henry L Sisk

“Management is principally the task of planning, coordinating, motivating and controlling the efforts of others towards a specific objective.”

– James L Lundy

“Management is the creation and maintenance of an internal environment in an enterprise where individuals working in groups, can perform efficiently and effectively towards the attainment of group goals.”

– Harold Koontz and O’ Donnell