Management is the process of organizing, accomplishing and achieving the business objectives by the coordination of people and using the available resources effectively and efficiently. Management comprises of planning, organizing, staffing, leading or directing and controlling. To achieve the organizations goal managers or regulatory bodies fully utilized the human resource, finance, technology, natural resources, and academic discipline.
Management is often included as a factor of production along with‚ machines, materials, and money. According to the management guru( Peter Drucker 1909-2005), the basic task of management includes both marketing and innovation. Practice of modern management originates from the 16th century study of low-efficiency and failures of certain enterprises, conducted by the English statesman (Sir Thomas More 1478-1535).
Management consists of the interlocking functions of creating corporate policy and organizing,planning, controlling, and directing an organization's resources in order to achieve the objectives of that policy. Management involves identifying the mission, objective, procedures, rules and the manipulation of the human capital of an enterprise to contribute to the success of the enterprise. This implies effective communication: an enterprise environment (as opposed to a physical or mechanical mechanism), implies human motivation and implies some sort of successful progress or system outcome. The size of management can range from one person in a small organization to hundreds or thousands of managers in multinational companies. In large organizations, the board of directors defines the policy which is then carried out by the chief executive officer, or CEO. Some people agree that in order to evaluate a company's current and future worth, the most important factors are the quality and experience of the managers
Management is often included as a factor of production along with‚ machines, materials, and money. According to the management guru( Peter Drucker 1909-2005), the basic task of management includes both marketing and innovation. Practice of modern management originates from the 16th century study of low-efficiency and failures of certain enterprises, conducted by the English statesman (Sir Thomas More 1478-1535).
Management consists of the interlocking functions of creating corporate policy and organizing,planning, controlling, and directing an organization's resources in order to achieve the objectives of that policy. Management involves identifying the mission, objective, procedures, rules and the manipulation of the human capital of an enterprise to contribute to the success of the enterprise. This implies effective communication: an enterprise environment (as opposed to a physical or mechanical mechanism), implies human motivation and implies some sort of successful progress or system outcome. The size of management can range from one person in a small organization to hundreds or thousands of managers in multinational companies. In large organizations, the board of directors defines the policy which is then carried out by the chief executive officer, or CEO. Some people agree that in order to evaluate a company's current and future worth, the most important factors are the quality and experience of the managers
