Horti-Business Management

Management

• Management is a very commonly used term, by people in various sectors. It has wide applications across many sectors. In the last two decades several management courses with specific reference to a sector; viz., hospital management, retail management, tourism management, education management etc., have come into existence. This is a testimonial to the expanding application of management for the effective and efficient functioning of several diversified institutions.
• Since ‘Industrial Revolution’ there have been tremendous developments in management as a science. The definitions of management by some of the well known experts are presented.
• Management is defined as the process by which a cooperative group directs action towards common goals. Joseph Massie
• To manage is to forecast and to plan, to organize, to command, to co-ordinate and to control. Henry Fayol
• Management is a multipurpose organ that manages a business and manages managers and manages worker and work. Peter F. Drucker
• Management is the process of designing and maintaining an environment in which individuals, working together in groups, accomplish their aims effectively and efficiently. Harold Koontz and Heinz Wiehrich
• On review of definition of management by various experts, one could come to a conclusion that management encompasses some key aspects given below;
• It is a process involving a execution of sequence of activities, which are generally planned
• It involves individual or group effort
• It aims at achieving some goal