What is Management?

Definitions Meaning and Features

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Definitions Meaning and
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Post : Gaurav Akrani

Date : 4/21/2011 08:46:00 AM IST
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Labels : Management

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Meaning of Management

NEW COMMENTS

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

Explained in a simple
manner....and it's usefu...
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work themselves. They motivate others to do the work and co-ordinate (i.e.
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FINANCE
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The nature, main characteristics or features of management:
1. Continuous and never ending process.
2. Getting things done through people.
3. Result oriented science and art.
4. Multidisciplinary in nature.
5. A group and not an individual activity.

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6. Follows established principles or rules.

7. Aided but not replaced by computers.
8. Situational in nature.

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9. Need not be an ownership.

10. Both an art and science.
11. Management is all pervasive.
12. Management is intangible.
13. Uses a professional approach in work.
14. Dynamic in nature.
Now let's briefly discuss each feature of management.

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.
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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. Uses 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. 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.

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17 Comments :
Anonymous said...
February 11, 2013 at 12:57 AM

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Anonymous said...
February 26, 2013 at 3:57 PM

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Anonymous said...
April 10, 2013 at 7:10 PM

I really appreciate your article on management..thanks alot

imran prolta said...

May 27, 2013 at 10:46 PM

its a good way to provides the notes and knowledge....thanks a lot

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Georgenia Nnawuchi said...

June 22, 2013 at 2:50 PM

This is really a detailed clue to the 'concept' of management. I appreciate

your contribution. Thank you.

TAIWO JIMOH said...

July 1, 2013 at 10:52 AM

This is original school where all can learn, thanks and more power to your
elbow.

Anonymous said...
July 26, 2013 at 2:23 PM

Thanks for ur tireless effort to the learners

REV. UKPAI DIKE UKPAI. said...

August 15, 2013 at 2:51 PM

MY NAME IS UKPAI DIKE UKPAI.THANK YOU VERY MUCH FOR THE

WAY YOU SIMPLIFIED THIS TEACHING MAY GOD BLESS YOU AS I AM
NOW MOTIVATED TO PUT IN PRACTICE WHAT I HAVE LEARNED AND
WILL CONTINUE TO RESEARCH AND LEARN, TO ALWAYS COME OUT
WITH GOOD RSULTS FOR MY MINISTRY

Justin Timbs said...

September 20, 2013 at 3:01 PM

thanks for enlightening us the meaning of management. Really helped me

in ma research/

Anonymous said...
October 4, 2013 at 6:58 PM

i really enjoyed the article, it gives me exactly what am looking for you have
done a good work thanks

Anonymous said...
October 7, 2013 at 6:45 PM

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me in my Commerce project. Thank you very much again.

Anonymous said...
November 20, 2013 at 4:55 AM

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COLLEGE OF ADMINISTRATION AND HUMAN RESOURCES
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Victor Mweiwa said...

November 29, 2013 at 6:10 AM

Thanks for the effort in coming up with this, it has really simplified my life
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January 21, 2014 at 3:23 PM

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Ghulam Naqshband said...

March 8, 2014 at 10:48 AM

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I really appreciate, thanks once again. ..

Anonymous said...
May 11, 2014 at 5:10 PM

I enjoyed and appreciate your explanations,it is worthy and makes me more

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