Meaning of Management

By Naveenkumar E.Gulagannavar M.B.A

Principal
R.C.B.M college koppal
Management
The verb manage comes from the Italian
maneggiare (to handle — especially a
horse), which in turn derives from the Latin
manus (hand). The French word
mesnagement (later ménagement)
influenced the development in meaning of
the English word management in the 17th
and 18th centuries.[1]
 
Management Is…

Efficiency

Getting work
done through
others
Effectiveness
Efficiency and Effectiveness
Efficiency
Getting work done with a minimum of effort,
expense, or waste
Doings things right—most output for least
input
Effectiveness
Accomplishing tasks that help fulfill
organizational objectives
Doing the right things
Management Key Concepts
 Organizations: People working
together and coordinating their
actions to achieve specific goals.
 Goal: A desired future condition
that the organization seeks to
achieve.
 Management: The process of
using organizational resources to
achieve the organization’s goals
by...
 Planning, Organizing, Leading, and
Additional Key Concepts
Resources are organizational
assets and include:
 People,
 Machinery,
 Raw materials,
 Information, skills,
 Financial capital.
Managers are the people
responsible for supervising the
use of an organization’s
resources to meet its goals.
Peter Drucker defines
Management is a
“multipurpose organ that
manages a business and
manages the manager
and manages workers and
work”
G.R.Terry says
Management is the “distinct
process consisting of planning,
organizing, leading and
controlling performance to
determine and accomplish the
objectives by the use of people
and resources”
Planning - defining goals, establishing
strategies for achieving those goals, and
developing plans to integrate and coordinate
activities
– Organizing - determining what tasks are
to be done, who is to do them, how the tasks
are to be grouped, who reports to whom, and
where decisions are made
– Leading - directing and motivating all
involved parties and dealing with employee
behavior issues
– Controlling - monitoring activities to
ensure that they are going as planned
©