What is Management? Definitions and Functions of Management

MANAGEMENT

 

Meaning of Management 

The term Management means to accomplish all the activities in an efficient manner by getting people together to achieve a particular or specific target. The action or behavior of human resources utilize and make best use of available resources efficiently and effectively by using management.  

The objective of management is to get done overall activities with full attention towards Time Management, Money Management, Relationship Management as well as Work Life Balance.

Generally Management consists of Planning, Organizing, Staffing, Directing and Controlling, all these management functions should properly and efficiently be implemented in existence by a prospective Manager  to achieve or accomplish an Organization target.

 Definitions of Management

According to Harold Koontz, ‘Management is an art of getting things done through and with the people in formally organized groups. Management is an art of creating a cordial and harmonious environment in which people can perform and individuals can cooperate towards attainment of group goals'.

Some people characterize the management as a craftsmanship, while others people characterize it as a science. The management is an interaction that is utilized to achieve the overall objectives; that is, a cycle that is utilized to accomplish what an association needs to accomplish. An association could be a business, a school, a city, a gathering of volunteers, or any administrative element. The manager to whom this administration task is doled out, and it is by and large idea that they accomplish the ideal objectives through the vital elements of 

(1) planning

(2) organizing

(3) directing

(4) controlling

Some people would incorporate driving as an overseeing capacity, however for the reasons for this conversation, driving is incorporated as a piece of coordinating. 

There are four key elements or functions of the management are applied all over in organization whether or not it is a business, an administration office, or a congregation bunch. Generally, In all the businesses management functions are used for effective and efficient management. 

Universally Applicable 

Although management is an intangible activities which can’t be touch but only feel where it is applicable. In a retail location there are individuals who purchase product to offer, individuals to sell the product, individuals who set up the product for show, individuals who are liable for publicizing and advancement, individuals who accomplish the bookkeeping work, individuals who recruit and train representatives, and a few different kinds of laborers. There may be one executive for the whole store, yet there are different supervisors at various levels who are all the more straightforwardly liable for individuals who play out the wide range of various positions.

Functions of Management

FUNCTIONS OF MANAGEMENT

1) Planning 

Planning in any organization is an initial stage. In this stage top-level manager have to plan about their organization’s target. The administrator of an assembling plant, plans for various occasions than does a director who manages and gathering of laborers who are answerable for amassing measured homes on a sequential construction system. 

There are various types of planning and are plan in various circumstances whenever is suitable.

A) Strategic planning 

B)Tactical planning 

C)Contingency planning 

A)Strategic planning:

The term strategic planning is the art of creating specific business strategies and implementing, evaluating the results of executing the plan in all over the organization. In respect to a company’s overall long-term goals or objectives. 

B)Tactical planning:

In tactical planning involves breaking down the long-term strategic plan into smaller and various distinct short-term plans. Various  Companies and enterprises frequently use this type of plan when they have long-term goals that they wants to extend further than two or three years.

C)Contingency planning:

An contingency plan is a strategy intended to assist an association or organization with reacting a critical future occasion or circumstance that might possibly occur. 

2) Organizing 

When an arrangement has been made, an administrator can start to coordinate. Organizing includes relegating undertakings, gathering errands into offices, assigning authority, and dispensing assets across the association. During the getting sorted out measure, administrators arrange representatives, assets, strategies, and techniques to work with the objectives recognized in the planning. 

Before a plan can be carried out, administrators or managers should gather the resources of the business to execute the arrangement proficiently. Getting specialization and the division of work is vital to this work, since a significant number of the “resources” are representatives. 

3) Coordinating

In various organizations, coordinating includes making tasks, helping laborers to complete tasks, and educating laborers regarding how well they are performing. To successfully complete this capacity, chiefs should have initiative abilities to get laborers to perform adequately. 

An administrator enabled laborers normally work in groups and are given the position to settle on choices about what plans will be done and how. Engaged laborers have the help of supervisors who will help them to ensure the objectives of the association are being met. It is for the most part believed that laborers who are engaged with the dynamic cycle feel to a greater degree a feeling of possession in their work, invest wholeheartedly in their work, and are better entertainers at work in the organization. 

4) Controlling

The controlling capacity includes the assessment exercises that chiefs should perform. It is the way toward deciding whether the organization’s objectives and goals are being met. There are a few exercises that are a piece of the controlling capacity. Supervisors should initially set guidelines of execution for laborers. These guidelines are levels of execution that ought to be met. 

After the principles have been set and imparted, it is the administrator or manager duty to screen execution to see that the norms are being met. In this model, it ought to be moderately simple for administrators to figure out where the deferrals are happening. Once the issues are examined and contrasted with assumptions, then, at that point something should be done to address the outcomes. 

NOTE: The above used picture is not my individual or personal property. This image is basically used for illustration purpose.

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