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Management is a process or activity of getting people all together to finish desired goals, objectives and aim using many accessible resources by efficiently and effectively processing manner. Management comprises staffing, planning, organizing, leading or also recognized as directing, and controlling an group or organization - a group or one or more than one people or entities or total effort required for the purpose of achieving a target goals. The different resourcing encompasses mainly the deployment and manipulation of financial resources, human resources, technological resources & natural resources.
Since the organizations and industries may be viewed as systems, the term management can also be recognized as human action that including design, to facilitate the total production of useful outcomes from a build system. This main view opens the first-class opportunity to 'manage' oneself, a pre-requisite to handling to supervise others.
At first, one views management functionally as adjusting plans, setting measuring quantity and meeting goals, foresighting or forecasting. All these apply even in situations only when arrangement and planning does not take place. From this term of outlook, Henri Fayol considered management term to consist of six main functions which are as follows, planning, forecasting, organizing, coordinating, commanding and controlling. He was one of the very qualified and experienced influential contributors to modern concepts of management terms.
What is Management?
Management in all business and organizational activities is the act of getting people together to accomplish desired goals and objectives using available resources powerfully and successfully. Management consists of planning, systematizing, staffing, leading or directing, and controlling an organization (a group of one or more people or entities) or effort for the purpose of achieving an objective. Resourcing includes the deployment and manoeuvring of human, financial, technological and natural resources.
Since organizations can be considered as systems, management can also be annotated as human action, as well as design, to make easy the production of useful outcomes from a system. This view releases the chance to 'manage' oneself, a qualification to attempting to manage others.
Directors and managers have the main power and liability or responsibility to make decisions to manage an enterprise when given the power by the shareholders. As a subject, management encompasses the interlocking functions of formulating business policy and systematizing, planning, controlling and administering the firm's resources to achieve the objectives of the policy. The extent of management can be varied from one person in a little and small size firm to hundreds or thousands of managers in international companies. In big firms the board of directors prepare the policy which is implemented by the chief manageing officer.
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