User talk:MARIEL VELACRUZ VILLANUEVA

"WHAT EVERYBODY OUGHT TO KNOW ABOUT MANAGEMENT?"

The organizations we belong differs from one another in many ways, one of which is that how they manage. But there are some elements which are basic and common in all organisations. The most common element of our organisations is that there is a goal or purpose. Without a goal, there is no reason for an organisation to exist. And with those goals and objectives, they apply different management style in order to achieved those goals.

MANAGEMENT is the process of dealing with or controlling things or people. It is the administration of an organization, whether it is a business, a not-for-profit organization, or government body. Management includes the activities of setting the strategy of an organization and coordinating the efforts of its employees to accomplish its objectives through the application of available resources, such as financial, natural, technological, and human resources. Some known authors like Harold Koontz define "Management as the art of getting things done through and with people in formally organized groups." According to Henri Fayol, "To manage is to forecast and to plan, to organise, to command, to co-ordinate and to control." Peter Drucker said that "Management is a multi-purpose organ that manages business and manages managers and manages workers and work." While according to Mary Parker Follet, "Management is the art of getting things done through people."

Aside from the above mentioned authors, Theo Heimann, define management as an individual or a group of individuals that accept responsibilities to run an organization. They Plan, Organize, Direct and Control all the essential activities of the organization. Management does not do the work themselves. They motivate others to do the work and co-ordinate all the work for achieving the objectives of the organization. Management brings together all Six M’s, Men and Women, Money, Machines, Materials, Methods and Markets. They use these resources for achieving the objectives of the organization such as high sales, maximum profits, business expansion, etc.

Management is a continuous and never ending process. Manager had to give proper directions to his subordinates. He or she also has to control all the activities. The manager has to perform these functions continuously. Therefore, management is a continuous and never ending process. It 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.

REFERENCES: https://en.wikipedia.org/wiki/Management http://kalyan-city.blogspot.com/2011/04/what-is-management-definitions-meaning.html http://www.businessdictionary.com/definition/management.html

Read also: Book "The Management Theory Jungle" by Harold Koontz Book "Industrial and General Administration" by Henri Fayol Book "The Principles of Management" by Peter Drucker