FOR B.B.A(ISM) STUDENTS

DEFINITION OF MANAGEMENT

1)  According to Peter F. Drucker defines, “Management is an organ; organs can be described and defined only through their functions.”

2) According to Henry Fayol, “To manage is to forecast and plan, to organize, to compound, to co-ordinate and to control”

3) According to Harold Knoontz, “Management is the art of getting things done through and with people an informally organized group.”

4) According to F.W. Taylor, “Management is the art of knowing what you want to do and then seeing that it is done in the best and cheapest way.”

5) Dr.James Lundy, “ Management is principally a task of planning,  coordinating, motivating and controlling the efforts of others towards a specifics objectives. It involves the combining of the traditional factors of production (land, labour and capital) in an optimum manner, paying due attention, of course to the particular goals of the organisation”

6) As per J.N. Schulze, “ Management is the force which leads, guides, and directs an organisation in the accomplishment of a pre-determined  object.”

7) The American Management Association, “The art of getting things done through other people.”

8) John F. Mee, “Management is the art of securing maximum results with a minimum of efforts so as to secure maximum prosperity for the employer and employee and give the public the best possible services”

9) Louis Allan, “Management is what a manager does”

10) “Management is the process involving planning, organizing, staffing, directing, and controlling human efforts to achieve stated objectives in an organisation”.

Thus, management is the group of activities which make plans, arrange the resources and try to achieve the objectives. In other words, management is the process of planning, organizing, staffing, directing, and controlling of the operations to achieve specified objectives.