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

Autocratic decision style, Autocratic decision style: The use of an aut...

Autocratic decision style: The use of an autocratic decision-style method says that the new CEO of the company who is very much focused with the goals of the company and believ

Explain the principles of direction, EXPLAIN THE PRINCIPLES OF DIRECTION: ...

EXPLAIN THE PRINCIPLES OF DIRECTION:   a. harmony of objectives b. unity of command c. direct supervision d. effective communication       e. effective leadership

#title. Business Policy, discuss what you understand by case analysis in bu...

discuss what you understand by case analysis in business policy and strategy management

Business, What theories from the chapter are relevant for analyzing the cas...

What theories from the chapter are relevant for analyzing the case?

Cautions in collection of secondary data, Cautions in collection of seconda...

Cautions in collection of secondary data: Secondary data means data that are already available i ,e they refer to the data which have already been collected and analyzed by so

In Search of Greener Pastures, Rohit joined ABC Ltd., a heavy engineering u...

Rohit joined ABC Ltd., a heavy engineering unit, having a turnover of about Rs. 20 crores, in the junior management cadre as a direct recruit. During his tenure with the company, R

Linear program, management application of linear programming

management application of linear programming

Limitations of management, Limitations: 1. Workers feared that they req...

Limitations: 1. Workers feared that they require working harder and faster and may lead to exhaust whatever work was available causing lay off and therefore they formed unions

Thesis, Litrature review on personnel management in public sector for susta...

Litrature review on personnel management in public sector for sustainable development

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