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- DictionaryMan·age·ment/ˈmanijmənt/
noun
- 1. the process of dealing with or controlling things or people: "the management of elk herds"
- 2. trickery; deceit: archaic "if there has been any management in the business, it has been concealed from me"
Putting this all together, we can propose a definition of management: management is the process of planning, organizing, leading, and controlling people in the organization to effectively use resources to meet organizational goals.
Apr 24, 2024 · Management is the process of planning and organising the resources and activities of a business to achieve specific goals in the most effective and efficient manner possible. Efficiency in management refers to the completion of tasks correctly and at minimal costs.
Jul 24, 2023 · Putting this all together, we can propose a definition of management: management is the process of planning, organizing, leading, and controlling people in the organization to effectively use resources to meet organizational goals.
management noun (PEOPLE) the people who are in control of an office, shop, team, etc: Management is considering your proposals. middle / senior management. More examples. Fewer examples. The restaurant is under new management. The pay rise is subject to approval by management.
- Planning
- Organizing
- Staffing
- Directing
- Controlling
Planning is future-oriented and determines an organization’s direction. It is a rational and systematic way of making decisions today that will affect the future of the company. It is a kind of organized foresight as well as corrective hindsight. It involves predicting of the future as well as attempting to control the events. It involves the abili...
Organizing requires a formal structure of authority and the direction and flow of such authority through which work subdivisions are defined, arranged, and coordinated so that each part relates to the other part in a united and coherent manner so as to attain the prescribed objectives. According to Henry Fayol, “To organize a business is to provide...
Staffing is the function of hiring and retaining a suitable work-force for the enterprise both at managerial as well as non-managerial levels. It involves the process of recruiting, training, developing, compensating, and evaluating employees and maintaining this workforce with proper incentives and motivations. Since the human element is the most ...
The directing function is concerned with leadership, communication, motivation, and supervision so that the employees perform their activities in the most efficient manner possible, in order to achieve the desired goals. The leadershipelement involves issuing instructions and guiding the subordinates about procedures and methods. The communicationm...
The function of controlconsists of those activities that are undertaken to ensure that the events do not deviate from the pre-arranged plans. The activities consist of establishing standards for work performance, measuring performance and comparing it to these set standards, and taking corrective actions as and when needed, to correct any deviation...
What is the role of management? Management is the process of guiding the development, maintenance, and allocation of resources to attain organizational goals. Managers are the people in the organization responsible for developing and carrying out this management process.
[uncountable] the act or skill of dealing with people or situations in a successful way. classroom management. a waste management system/company/plan. management of staff/patients/resources. Diet plays an important role in the management of heart disease. see also risk management, self-management, time management Topics Success b1. Extra Examples.
