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## Management ### Meaning The term "Management" is used in different senses, sometimes it is used in the sense of managing the "Group of Managerial Personnel" in an organisation, at other times management refers to the process of planning, organising, staffing, directing, co-ordinating and control...

## Management ### Meaning The term "Management" is used in different senses, sometimes it is used in the sense of managing the "Group of Managerial Personnel" in an organisation, at other times management refers to the process of planning, organising, staffing, directing, co-ordinating and controlling. It also refers to a body of knowledge, a practice and discipline. There are some who describe it as a technique of leadership and decision-making or a means of coordinating, while some others have analysed management as an economic resource, a factor of production or a system of authority. ### Definitions It is very difficult to define the term Management bringing in all the characteristics of a good definition. The word Management is being used by different eminent authors in varying meanings. Different writers have attempted to define it in different ways. A few definitions by some of the prominent writers on the subject are given below: #### Productivity and Efficiency oriented Definitions In this group the following definitions are included which emphasize on producing the commodities at a minimum cost by making the optimum utilisation of factors of production: 1. "Management is the art of knowing exactly what you want men to do and then seeing that they do it in the best and the cheapest way." - F. W. Taylor The following three points are clear about management by analysing the above definition: * Management is an Art; * Management is pre-determination of the work to be done; * Management discovers the most economical method of performing the work. 2. "Management may be defined as the art of securing maximum results with a minimum of effort so as to secure maximum prosperity and happiness for both, the employer and the employee and give the public the best possible service." - John F. Mee 3. "Management is effective utilisation of human and material resources to achieve the enterprise's objectives." - William F. Gluck #### Functional Definitions Some prominent writers take management as a process or function. In this group a few definitions are given below: 1. "Management is a distinct process consisting of planning, organising, activating and controlling, performed to determine and accomplish stated objectives by the use of human beings and other resources." - George R. Terry 2. "Management is the process by which managers create, direct, maintain and operate purposive organisation through systematic co-ordinated and co-operative human efforts.” - Dalton E. Mac Farland