What
Is Management ?
The
organization and coordination of the activities of a business in order to
achieve defined objectives.
“Management
is often included as a factor of production along with‚
machines, materials, and money.”
“According to
the management guru Peter Drucker (1909-2005)”:
“the
basic task of management includes both marketing and innovation. Practice of
modern management originates from the 16th century study of low-efficiency and
failures of certain enterprises”,
“According To Sir
Thomas More (1478-1535)”:
“Management
consists of the interlocking functions of creating corporate policy and
organizing, planning, controlling, and directing an organization's resources in
order to achieve the objectives of that policy.”
The
directors and managers who have the power and responsibility to make decisions
and oversee an enterprise.
“The
size of management can range from one person in a small organization to
hundreds or thousands of managers in multinational companies. In large
organizations, the board of directors defines the policy which is then carried
out by the chief executive officer, or CEO. Some people agree that in order to
evaluate a company's current and future worth, the most important factors are
the quality and experience of the managers.”
