skip to main | skip to sidebar SUBSCRIBE RSS FEEDS ARTICLESCOMMENTSKALYAN CITY LIFE Sharing Wisdom and Vivid Memories

of LifeKalyan City "Kalyan City is a fast emerging residential township in Thane district of Maharashtra, India. Kalyan City is a central suburban town and resides 54 kms away in the north-eastern direction of Mumbai city. Kalyan City Life blog regularly keeps tracking and blogging about our vivid memories and unique life experiences in local areas. Witness an informative, pictorial and realistic inner scenes of Kalyan City." HomeArticlesPhotosVideosAuthors "Most articles on Kalyan City Life Blog are compiled and published by Gaurav Akrani. Our article sources are based on the field research and regular support of Manoj Patil. KCL blog is SEO optimized and regularly tweaked by our geek buddy Bhuvan Shah. Wildlife pictures and local videos are the contributions made by Dr. Sameer Akrani." AboutHelpTermsEmail Welcome to Kalyan City Life blog, a free quality source of unique informative articles and our sole online destination to share vivid memories of life.

What is Management? Definitions Meaning and FeaturesPost : Gaurav Akrani Date : 4/21/2011 08:46:00 AM IST No Comments Lables : Management

What is Management? Definitions

According to Harold Koontz,

"Management is the art of getting things done through and with people in formally organised groups."Harold Koontz gave this definition of management in his book "The Management Theory Jungle".

According to Henri Fayol,

"To manage is to forecast and to plan, to organise, to command, to co-ordinate and to control."Henri Fayol gave this definition of management in his book "Industrial and General Administration".

Image Credits Michael Heiss.

According to Peter Drucker,

"Management is a multi-purpose organ that manages business and manages managers and manages workers and work."This definition of management was given by Peter Drucker in his book "The Principles of Management".

According to Mary Parker Follet,

"Management is the art of getting things done through people."

Meaning of Management

According to Theo Heimann, management has three different meanings, viz.,

1.Management as a Noun : refers to a Group of Managers. 2.Management as a Process : refers to the Functions of Management i.e. Planning, Organising, Directing, Controlling, etc. 3.Management as a Discipline : refers to the Subject of Management. Management is an individual or a group of individuals that accept responsibilities to run an organisation. They Plan, Organise, Direct and Control all the essential activities of the organisation. Management does not do the work themselves. They motivate others to do the work and co-ordinate (i.e. bring together) all the work for achieving the objectives of the organisation.

Management brings together all Six Ms i.e. Men and Women, Money, Machines, Materials, Methods and Markets. They use these resources for achieving the objectives of the organisation such as high sales, maximum profits, business expansion, etc.

Features of Management

The nature, main characteristics or features of management are :-

1. Continuous and never ending process

Management is a Process. It includes four main functions, viz., Planning, Organising, Directing and Controlling. The manager has to Plan and Organise all the activities. He had to give proper Directions to his subordinates. He also has to Control all the activities. The manager has to perform these functions continuously. Therefore, management is a continuous and never ending process.

2. Getting things done through people

The managers do not do the work themselves. They get the work done through the workers. The workers should not be treated like slaves. They should not be tricked, threatened or forced to do the work. A favourable work environment should be created and maintained.

3. Result oriented science and art

Management is result oriented because it gives a lot of importance to "Results". Examples of Results like, increase in market share, increase in profits, etc. Management always wants to get the best results at all times.

4. Multidisciplinary in nature

Management has to get the work done through people. It has to manage people. This is a very difficult job because different people have different emotions, feelings, aspirations, etc. Similarly, the same person may have different emotions at different times. So, management is a very complex job. Therefore, management uses knowledge from many different subjects such as Economics, Information Technology, Psychology, Sociology, etc. Therefore, it is multidisciplinary in nature.

5. A group and not an individual activity

Management is not an individual activity. It is a group activity. It uses group (employees) efforts to achieve group (owners) objectives. It tries to satisfy the needs and wants of a group (consumers). Nowadays, importance is given to the team (group) and not to individuals.

6. Follows established principles or rules

Management follows established principles, such as division of work, discipline, unity of command, etc. These principles help to prevent and solve the problems in the organisation.

7. Aided but not replaced by computers

Now a days, all managers use computers. Computers help the managers to take accurate decisions. However, computers can only help management. Computers cannot replace management. This is because management takes the final responsibility. Thus Management is aided (helped) but not replaced by computers.

8. Situational in nature

Management makes plans, policies and decisions according to the situation. It changes its style according to the situation. It uses different plans, policies, decisions and styles for different situations.

The manager first studies the full present situation. Then he draws conclusions about the situation. Then he makes plans, decisions, etc., which are best for the present situation. This is called Situational Management.

9. Need not be an ownership

In small organisations, management and ownership are one and the same. However, in large organisations, management is separate from ownership. The managers are highly qualified professionals who are hired from outside. The owners are the shareholders of the company.

10. Both an art and science

Management is result-oriented. Therefore, it is an Art. Management conducts continuous research. Thus, it is also a Science.

11. Management is all pervasive

Management is necessary for running a business. It is also essential for running business, educational, charitable and religious institutions. Management is a must for all activities, and therefore, it is all pervasive.

12. Management is intangible

Management is intangible, i.e. it cannot be seen and touched, but it can be felt and realised by its results. The success or failure of management can be judged only by its results. If there is good discipline, good productivity, good profits, etc., then the management is successful and vice-versa.

13. Use a professional approach in work

Managers use a professional approach for getting the work done from their subordinates. They delegate (i.e. give) authority to their subordinates. They ask their subordinates to give suggestions for improving their work. They also encourage subordinates to take the initiative. Initiative means to do the right thing at the right time without being guided or helped by the superior.

14. Management is dynamic in nature

Management is dynamic in nature. That is, management is creative and innovative. An organisation will survive and succeed only if it is dynamic. It must continuously bring in new and creative ideas, new products, new product features, new ads, new marketing techniques, etc.

Read Similar Articles

Management Functions And Process, Management Thought Levels of Management - Top, Middle and Lower Level Global Theory of Management from Management Theory Jungle LinkWithin What is Management? Definitions Meaning and Features Atom Feed of Kalyan City Life Blog - KCL

Google Article Translation

0 Comments : Please Comment

Next PostPrevious Post Home NEW ARTICLESFour Stages or Steps in the MBO Process Benefits or Advantages of MBO Process How to Make Premising Effective? Meaning and Types of Planning Premises in Management What is Job Design? Meaning, Importance, Factors Affecting NEW COMMENTSAlso one more question ...Q.Why have you decided... Dear Siddharth,Before I guide you, first I would... Thanks Gaurav.. I missed the last date for IGNOU a... Hi Gaurav, I started practicing Balayam recen...

Hey Gaurav,Thanks for the reply. KALYAN CITYKalyan City Flood Photos, Heavy Rain 26 July 05 - Floods Pictures Durgadi Fort Durgadi Killa - Photo Gallery of Kalyan City Fort New Skywalk of Kalyan Station Now Open for Public - HD Videos Haji Malang Dargah Near Kalyan City - Beautiful Foothills Photos Interior Designer Carpenter Kalyan Dombivli - Arvind Mistry

BANKING ARTICLESWhat is a Bank ? Introduction, Definition and Features of Bank Different Types of Banks - What are Various Kinds of Banks ? Commercial Banks - Definitions, Primary Secondary Functions Balance Sheet of Commercial Bank - Liabilities and Assets How to Open Bank Account ? 7 Steps To Open Bank Account What are the Advantages of Opening Bank Account ? Saving Account Bank - Meaning, Features and Advantages of It Fixed Deposit Account of Bank - Meaning, Features, Advantages What is Current Bank Account ? Its Features and Advantages Recurring Deposit Account In Bank - Meaning and Features What is a Cheque ? Definition - Kinds and Types of Cheques What are Features of Cheques ? Main Characteristics of Checks What is Crossing of Cheque ? Different Types of Check Crossing Automated Teller Machine (ATM) - The Advantages of ATM Machine

E-Banking - Online Banking - Main Advantages of E-Banking Principles of Good Lending Every Banker Follows - Loans Different Forms of Advances by Commercial Banks - Loan Types Duties and Responsibilities of Computer Operator in Bank Nationalisation of Banks in India - Introduction Objectives Demerits Narasimham Committee Report I 1991 II 1998 - Recommendations New Economic Reforms of the Banking Sector In India - Brief Functions of Reserve Bank of India (RBI) - Credit Policy of RBI

POWERED BY

TO ADVERTISE FEATURED POSTSWorlds Top 10 Most Poisonous Venomous Deadliest Snakes Balayam Nail Rubbing Exercise Cures Alopecia, Hair Loss, Bald 50 Health Benefits of Exercise - Find Benefits of Regular Exercise 15 Vision Eyesight Related Myths Debunked - Vision of Eyes Top Inventions and Discoveries by Scientists - A to Z List - Science Watch Free Full Streaming DVD Movies Online - Megavideo.Com How To Prepare Better For Exams ? Exam Skills For Students How To Prepare For Successful Job Interviews ? Best Interview Tips How To Summarize Passage ? Summarization Skills Techniques The Most Memorable Day of My Life I've Ever Enjoyed - Cool Story Basic Principles of Insurance - Examples of Insurance Principles Indian Money Market - Features, Drawbacks and Recent Reforms

MANAGEMENTManagement Functions And Process, Management Thought Planning First Primary Important Function Of Management Management By Objectives (MBO) - Peter Drucker MBO Decision Making Process In Management - Problem Solving Authority, Responsibility and Accountability In Management Principle of Delegation of Authority - Importance of Delegation Organisation - Organizational Structure - Organisational Chart Decentralisation Advantages and Limitations of Decentralization Managerial Leadership - Leader Qualities - Leadership Theories Human Resource Management - Human Resource Development Motivation Motivational Factors Incentives Theories of Motivation Maslow's Hierarchy of Needs - The Theory of Human Motivation Frederick Herzberg's Two Factor Theory - Motivation Hygiene Factors Douglas McGregor's Theory X and Theory Y - Employee Motivation David McClelland's Achievement Motivation, Manifest Need Theory Marketing Mix and 4 P's of The Marketing - Management Article Concept of Marketing Research (MR) Marketing Research Process What is Market Segmentation ? Importance In Modern Marketing 5 M's of Advertising - Features of The Advertising Management Quality Control Total Quality Management TQM Quality Circles CATEGORIESAdministrative Law (7) Adsense (1) Animals (6) Banking (39) Blogger (4)

C Programming (2) Campus (3) Communication Skills (8) Dombivli City (2) Economics (125) Education (12) Food (2) Funny (5) Health (4) How To (5) India (38) Internet (4) Javascript (1) Kalyan City (11) Life Guides (6) Management (107) Movies (1) Mumbai (3) News (4) People (17) Photos (38) Places (9) Reptiles (5) Science (7) Snakes (9)

Study Notes (28) Television (1) Thane (3) Ulhasnagar (4) Videos (22) Youtube (10) KCL ARCHIVE

ArchiveSeptember 2011 (10)August 2011 (17)July 2011 (25)June 2011 (15)May 2011 (19)April 2011 (47)March 2011 (33)February 2011 (28)January 2011 (4)December 2010 (12)November 2010 (24)October 2010 (18)September 2010 (36)August 2010 (7)July 2010 (14)June 2010 (24)May 2010 (4)April 2010 (1)March 2010 (6)January 2010 (5)December 2009 (2)November 2009 (3)October 2009 (4)August 2009 (4)July 2009 (10)June 2009 (1)May 2009 (1)September 2008 (1)August 2008 (4)July 2008 (3) CONTACT US For any Query, Suggestion or Doubt, you can reach us through our Email.

KCL BLOG a part of Vedanga Infomedia. Pin - 421301.

Copyright 2011 KALYAN CITY LIFE. Research by Manoj Patil. Updated and Maintained by Gaurav Akrani. SEO and Redesigned by Bhuvan Shah.

Kalyan City Life Blog is optimized for and best viewed on latest version of Google Chrome Browser at minimum resolution of 1024 X 768 and above. ^^ Scroll To Top