Principle Of Management

Meaning and Definitions

            The term ‘management’ has several meanings, depending on context and purpose. Almost everyone has opinion about what management is? As a result there is no definition of management on which everyone agrees.

            Management is a vital part of business organization, which helps in accumulation, mobilization, and optimum use of various resources to achieve organizational objectives. The business cannot achieve its goal unless the humans, materials, capital and technical resources are efficiently and effectively utilized. In this sense, management is a body of persons determining the organizational objective organizational objective and performing certain managerial functions like planning, organizing, staffing, directing, coordinating, decision making, and of controlling to achieve the objectives.

            Different writers and experts have defined management differently.

Ø  Marry Parker Follet: “Management is the art of getting things done through people”.

Ø  F. W. Taylor: “Management is knowing exactly what you want people to do, and then seeing that they so it in the best and cheapest way”.

Ø  Koontz and Weihrich: “Management is the process of designing and maintaining an environment in which individuals, working together in groups, efficiently accomplish selected aims.

Ø  Ricky W. Griffin: “Management is a set of activities (including planning organizing, leading and controlling) directed at an organization’s resources (human financial, physical, and information), with the aim of achieving organizational goals effectively and efficiently in a changing environment”.

The above definition present wide verities of ideas about what management is. And after considering all those definitions we can say that “Management is a process of planning organizing, directing and controlling for getting activities completed through and with peoples by the coordinated use of organizational resources to efficiently accomplish the organizational objective.