Management - meaning and scope , Management Theories

Assignment Help:

Management - meaning and scope 

It is very difficult to accurately define management. There is no universally accepteddefinition of management. Management involves both acquisition and application ofknowledge. It does not go by rule of thumb or intuition alone even though it isconsidered to be an extension of  common sense. Hence,  management is  acombination  of both an art and a science. The scientific approach lies in decision-making, planning and in the appropriate use of technology. The artistic approach tomanagement can be found in the tasks of communicating, leadership and goal-setting.A few commonly used definitions of management are given below: 

  •  Managing is an art or process of getting things done through the efforts of other people.
  •  Managing is the art of creating and maintenance of an internal environment in an enterprise where individuals, working together in groups, can perform efficiently and effectively towards the attainment of group goals.  
  •  Management is the process of setting and achieving goals through the execution of five basic management functions (i.e. Planning, Organising, Staffing, Directing and Controlling) that utilise human, financial and material resources.
  • Management is a process or an activity that brings together several varied resources like persons, materials, techniques and technologies to accomplish a task or. tasks. 
  • Management, as a distinct field of study, is also the body of organised knowledge which underlies the art of management.

The above definitions and a study of management literature would reveal the following characteristics of management.

  •   Managing is an activity or process (not a person or group of persons);
  •  Management refers to both the discipline as the well as group which manages the    oganisation;
  •  It makes things happen (and not let things happen); 
  •  It is purposeful i.e., the achievement of the organisation's goals and objectives is the supreme  purpose;
  •  It uses available resources economically to maximise outputs;
  •  The organisation's objectives are accomplished by, with and through the efforts of others  (group activity); 
  •  Managing implies using certain skills, knowledge and practices to bring effectiveness;
  •  It is aided and not replaced by the computer; and
  •  It is intangible. 

Related Discussions:- Management - meaning and scope

Lp problem, Use the simplex method to solve the following LP Problem. ...

Use the simplex method to solve the following LP Problem. Max Z = 107x1+x2+2x3 Subject to 14x1+x2-6x3+3x4=7 16x1+x2-6x3 3x1-x2-x3

Functional Organisation, What is a Functional organisation? What are their ...

What is a Functional organisation? What are their strenghts and weaknesess? If oyu can name some practical examples for use of functional organisation.

Trends in management, give an account of emerging trends in management?

give an account of emerging trends in management?

Organizational behaviour, Whom do you think Rajender will eat with? why? I...

Whom do you think Rajender will eat with? why? If you were one of other foremen, what could you do to make Rajender''s transition easier?

What do you mean by a strategy, Q. What do you mean by a strategy? Stra...

Q. What do you mean by a strategy? Strategy is classified as the determination of long-term objectives of an organization. Making the best choices for the future as well as all

HRM, what is HRM

what is HRM

Recruitment and selection, a reason for the development and subsequent imp...

a reason for the development and subsequent implemantation of strategic recruitment and selection?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd