Management: Meaning, Definition, and Scope

The term 'Management' is derived from the Italian word 'Managgiare', which means 'to handle', and the Latin word 'Manus', which means 'hand'.

The functions of management include planning, organizing, directing, and controlling, along with the practical application of these principles while managing resources, including human resources.

The process of management in business involves planning, organizing, staffing, leading, motivating, and making decisions to achieve organizational objectives.

<p>Management is described as a process and the art of getting things done through people using available resources with the aim of achieving goals effectively and efficiently.</p> Signup and view all the answers

<p>The term 'Art' signifies that management requires perfection through practice, practical knowledge, and skills.</p> Signup and view all the answers

<p>The term 'management' is derived from the Italian word 'Managgiare', the Latin word 'Manus', and the French word 'Mesnagement'.</p> Signup and view all the answers

<p>Planning, organizing, staffing, directing, and controlling</p> Signup and view all the answers

<p>Finishing the given task and achieving goals</p> Signup and view all the answers

<p>Doing the task correctly and minimizing the cost</p> Signup and view all the answers

<p>The process of designing and maintaining an environment in which individuals, working together in groups, efficiently accomplish selected aims</p> Signup and view all the answers

<p>The process of planning, organizing, actuating and controlling an organization’s operations in order to achieve coordination of the human and material resources essential in the effective and efficient attainment of objectives</p> Signup and view all the answers

<p>The process of working with and through others to effectively achieve organizational objectives by efficiently using limited resources in the changing environment</p> Signup and view all the answers

<p>To forecast, plan, organize, command, coordinate and control the activities of others</p> Signup and view all the answers

<p>Mgmt. is an art and science of decision-making and leadership</p> Signup and view all the answers

<p>The art of knowing what you want to do and then seeing that they do it in the best and the cheapest manner</p> Signup and view all the answers

<p>The process by which a cooperative group directs action towards common goals</p> Signup and view all the answers