Definition of Management

Management

Meaning :-  An organized way of managing people and thinks of a business organization is called management.

Definition :-

• According to Henry Fayol, " To manage is to forecast, to plan, to organize, to command, to co-ordinate and to control."
• According to F.W. Taylor, " Management is knowing Exactly what you want men to do and then seeing that they do it in the best and cheapest way."
• According to Appley Lawrence, " Management is the development of people and not the direction of things."

Characteristics of Management :-

1. Management is a group work or teamwork.
2. Management is a goal-oriented process.
3. Management is a continuous process.
4. Management is a well-defined activities of an organization.
5. Management is a dynamic function.
6. Management is an intangible force.

Need and importance of  Management :-

1. Management helps in achieving group goals.
2. Management creates a dynamic organization.
3. Management helps in provide well-defined activities in an organization.
4. Management helps in achieving personal goals.
5. Management helps in the development of society.
6. Employment generation.
7. Optimum utilization of  Resources.

Levels of Management :-

1. Top Level Management.
2. Middle-Level Management.
3. Lower Level Management.

The function of Top Level Management :-

1. Forming of plan and policies.
2. Achieve the goal of the organization.
3. Co-ordination between middle and lower level management.
4. Delegation of Authority.
5. Rearrange or assemble the Resources.

The function of  Middle Level Management :-

1. Implement the policies.
2. Framing all work in the department.
3. Assign duties and responsibilities to lower level management
4. The motivation is given by middle to lower level management.
5. Co-operate with the entire organization.

The function of Lower Level Management :-

1. Follow orders and instructions.
2. Prepare a plan for activities.
3. Prepare environment for work.
4. Helping both top and middle level management.