management meaning Related: Direct Questions - Introduction to Manage...
Management (or managing) is the administration of an organization, whether it is a business, a not-for-profit organization, or government body.
management meaning Related: Direct Questions - Introduction to Manage...
Introduction to Management
Management is a process of planning, organizing, leading, and controlling resources in order to achieve organizational goals effectively and efficiently. It involves coordinating people, material, and equipment to achieve the desired results.
Planning
Planning is the process of setting objectives and determining how to achieve them. It involves identifying what needs to be done, who will do it, and how it will be done. Managers use planning to establish goals and objectives, develop strategies, allocate resources, and create action plans.
Organizing
Organizing is the process of arranging people and resources to achieve organizational goals. It involves creating a structure that defines roles, responsibilities, and reporting relationships. Managers use organizing to assign tasks, delegate authority, and establish procedures and policies.
Leading
Leading is the process of influencing people to achieve organizational goals. It involves motivating, inspiring, and guiding employees toward achieving the vision and goals of the organization. Managers use leading to communicate, motivate, and inspire employees to work toward common goals.
Controlling
Controlling is the process of monitoring and evaluating performance to ensure that goals are being achieved. It involves comparing actual results to planned results, identifying deviations, and taking corrective action. Managers use controlling to identify problems, make adjustments, and ensure that goals are being met.
Conclusion
In conclusion, management is a process that involves planning, organizing, leading, and controlling resources to achieve organizational goals. It is an essential function in any organization, and its effectiveness determines the success of the organization. By mastering the skills of planning, organizing, leading, and controlling, managers can effectively and efficiently achieve organizational goals.
To make sure you are not studying endlessly, EduRev has designed Commerce study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Commerce.