So that we can have the best result under the given situation or realities. It integrates human and other resources to achieve desired objectives. (4) “Management man be defined as the art of applying the economic principles that underline the control of men and materials in the enterprise under consideration”. Management functions include: planning, organizing, directing and controlling. On a very basic level, project management includes the planning, initiation, execution, monitoring, and closing of a project. “Management is the art of getting things done through the people in formally organized groups.”—Harold, Koontz and O’Donnell, 6. According to Harold Koontz and Heinz and Weihrich, Management is “the process of designing and maintaining an environment in which individuals, working together in groups, efficiently accomplish selected aims.” This definition ignores the external environment through which most of the stakeholders interact with the company. Management is an Activity or an Ongoing Process: Manager achieves proper co-ordination of resources by means of the managerial functions of planning, organising, staffing, leading (or directing and motivating) and controlling. The above discussed definitions have defined management from different angles. First Published 2001 . The fault lies not with these individuals but with the environment in which they have grown up and with the organisations that keep them in isolation and do not acquaint them with the various aspects of management. Management, in general, is a vast subject that cannot easily be restricted to a few processes. It is the organ on the performance of which the performance and the survival of the institution depends.”. 5. Disclaimer 8. It points out management is what management does, i.e., planning, executing and controlling group activities. Ralph C. Davis has defined Management as, “Management is the function of executive leadership anywhere.”, v. According to Mc Farland, “Management is defined for conceptual, theoretical and analytical purposes as that process by which managers create, direct, maintain and operate purposive organization through systematic, coordinated cooperative human effort.”, vi. Now, we shall define the term management as designing, providing and maintaining a conducive internal environment in tune with the opportunities and challenges of the external environment through planning, organizing, directing and controlling all resources and operations in order to achieve effective organizational strategies efficiently. They also create quality control checks to ensure completed components meet a certain standard. Basically, management is a process of achieving organisational goals through others. Every project usually has a budget and a time frame. Note that no definition of management is able to encompass its meaning singularly. Save my name, email, and website in this browser for the next time I comment. 4. These words of Peter Drucker place high importance on achievement of results by managers. The project manager puts it all together. Maybe I should send him a link to this article here . Every manager needs to be a quick thinker that immediately comes up with the pros and cons of his decision. Often, the size of the team working on the project will grow as smaller tasks are completed and larger tasks begin. DOI link for The Essentials of Project Management. Managing is an art. This approach can find and rectify errors without having to restart the entire procedure. (1) Planning, (2) Organising, (3) Leading, (4) Controlling. In the management literature, we find a large number of definitions of management given by different authors. “Management may be defined as the art of securing maximum results with a minimum of effort, so as to secure maximum prosperity and happiness for both the employer and the employee and give the public the best possible service”. Creation of favourable managerial environment for joint efforts of people working in an organisation in order to accomplish planned objectives, demands intelligent application of management knowledge to numerous and varied practical problems. Human resources are our greatest assets. These are planning, organization, staffing, directing, co-ordination etc. Learn about the various definitions of management given by management thinkers, authors, experts, scholars and gurus. Every organisation, at every level, needs management, be it an organisation as small as a family, temple or church or big organisations such as Schools, Colleges, Universities, business houses or even the Government. Every manager directs the activities of others for achieving organisational goals. This definition covers the three major functions of management, viz planning, implementing and controlling. “Management is decision-making.” Decisions are necessary in all functional areas of business, e.g., production, marketing, finance and administration. James Lundy, “Management is principally a task of planning, coordinating, motivating and controlling the efforts of other towards a specific objective. Functional school sees management as a process of planning, organising, and controlling. However, the definition fails to consider the important management aspects such as- management of materials, finance etc. “Management is guiding human and physical resources into dynamic organizational units which attain their objectives to the satisfaction of those served and with a high degree of morale and sense of attainment on the part of those rendering service. Contingency approach emphasises dynamic nature of management process in an ever-changing business environment. The architect is just one person providing one piece of the puzzle. My boss often blames our team for not reaching objectives that he could not clearly express to us! Decision-making is the core of the process of management. A manager needs to identify hidden strengths of his subordinates and encouraging them to apply these strengths for the sake of the company. These individuals have sometimes the unenviable task of making decisions, solving difficult problems, setting goals, planning strategies, and rallying individuals. Definition. “Management is that function of an enterprise which concerns itself with the direction and control of the various activities to attain business objectives.” – William Spriegal. Performance-management programs use traditional tools such as creating and measuring goals, objectives, and milestones. Ivancerich, Donnelly and Gibson, define the term management as “the process undertaken by one or more persons to coordinate the activities of other persons to achieve results not attainable by any one person acting alone.” Managers perform a number of activities, in addition to coordination.
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