Management a Factor of Production and Also an Economic Resources
WHAT IS MANAGEMENT? Management can be defined in various ways. In the words of Pride et al, management is the process of coordinating the resources of the organization to achieve the primary goals of the organization. It is also defined as the organization and coordination of the activities of an enterprise in accordance with certain policies and in achievement of defined objectives.
Taylor defined management as knowing exactly what men do, and the seeing that they do it in the best and cheapest way. Today, however, management is obviously a much more complex problem than the above definition portrays. Griffins(1996) defines it as the process of planning, organizing, leading and controlling an organization’s human financial, physical and information resources to achieve organizational goals in an efficient and effective manner.
Management is a dynamic process of getting things done with and through the co-operative effort of others. It involves utilizing the various resources of an organization and combining them in such a way that the organization’s goals are attained. Effective management is crucial to an organization’s overall success. Individuals who are responsible for helping organizations achieve their goals are designated MANAGERS.
A MANAGER is someone whose primary activities are of the management process. Specifically, a manager is someone who plans, organize, leads and control human, financial, and physical and information resources (Griffin 1996). In order words, he or she is responsible for allocating human and material resources and directing the operations of an organization. Thus, managers are fully responsible for the realization of results through the concerted efforts of other people. Today’s managers face complex, difficult and exciting quality of work life, increased diversity of the workplace, more social and ethical responsibilities, environmental protection and other legal requirements. They plan for the future, explore avenues of
Taylor defined management as knowing exactly what men do, and the seeing that they do it in the best and cheapest way. Today, however, management is obviously a much more complex problem than the above definition portrays. Griffins(1996) defines it as the process of planning, organizing, leading and controlling an organization’s human financial, physical and information resources to achieve organizational goals in an efficient and effective manner.
Management is a dynamic process of getting things done with and through the co-operative effort of others. It involves utilizing the various resources of an organization and combining them in such a way that the organization’s goals are attained. Effective management is crucial to an organization’s overall success. Individuals who are responsible for helping organizations achieve their goals are designated MANAGERS.
A MANAGER is someone whose primary activities are of the management process. Specifically, a manager is someone who plans, organize, leads and control human, financial, and physical and information resources (Griffin 1996). In order words, he or she is responsible for allocating human and material resources and directing the operations of an organization. Thus, managers are fully responsible for the realization of results through the concerted efforts of other people. Today’s managers face complex, difficult and exciting quality of work life, increased diversity of the workplace, more social and ethical responsibilities, environmental protection and other legal requirements. They plan for the future, explore avenues of