Basic Concept of Management:
Management is a functional concept and can be defined as “It is an effort for getting things done to achieve the predetermined goals of the concern through coordination of human and other elements. But as its scope is so wide it is not an easy task to define management. It is the correct perspective. The difficulty is mainly because the word management is highly concerned with the people. The behaviors and attitudes of the people are highly unpredictable and defy all calculations. Besides, management is a growing science and its generalization is thus in the process of development. For this, it is very difficult to confirm its subject matter within a tight compartment of a short definition. Thus, various Authors, Writers, and Economists define management in different ways but the main idea of these definitions is more or less similar through differences in their wordings. Economists define management as a factor of production, sociologists consider management as a group of persons, and as per specialists’ management is a system of authority. Following are a few definitions given by some renowned authors on management.
“HENRI FAYOL”, the father of modern management, defines management as “To manage is to forecast and plan to organize, to command, to coordinate and to control”
According to KOONTZ and WEIHRICH, “Management” is “the process of designing and maintaining an environment in which individuals, working together in groups, efficiently accomplish selected aims.”
Management is described as “the use of people and other resources to accomplish objectives” by LOUIBE, BOONE, and KURIZ.
By creating, directing, maintaining, and operating intentional organizations through methodical, coordinated, and collaborative human effort, management is defined by Mc FARLAND as “a process.”
From the above definitions, it will be clear that management is the total of those activities which lay down plans, policies, and purposes, secure men, money, materials, and machines required for the completion of these purposes, and put all of them into operation, supervise and check their performance and provide materials incentive and mental satisfaction to the men engaged for the execution of these desired operations.