The word management is often used in several different ways. For example it can refer to the people indulged in providing guidance and direction to the organization or it may refer to the method by which organizational goals are obtained. But actually the word management refers to the process by which organizational goals are achieved by working with and through people by efficiently using limited resources.
What are the functions of Management?
Following are the four important functions of management.
• Planning
Planning is the essence of human working because no aspect of our lives can function without some kind of planning. Similar is the case of an organization which requires a comprehensive planning for success and prosperity. Planning involves setting goals and deciding how best to achieve them. Therefore specific strategies are established to achieve those goals and develop new plans to integrate and coordinate activities.The purpose of planning is to make the organization successful in near future as well as in the distant future.
• Organizing
management is simple sense may be refered as taking things into hand for organisational achievement of desired. it is beyond planning, controlling, directing, but it embraceses strategies and techniques to reach the desired goals.
it involve the ability to intergrate values and assets of an organisation for succes. eg human resources assets being intergrated with corporate plan for greater benefit, environment scan for harmonisation of organisation running.
yeah, this is really helpful but I do not find any review of the literature. And one more thing here is no compearing .
iam maror aguer from upper University I think management is way how one can handle things carefully
Management is the process of achieving organizational goals most efficiently, employing the skills of planning, organizing, leading, and controlling.