1. The organization and coordination of the activities of a business in order to achieve defined objectives. Management is often included as a factor of production along with‚ machines, materials, and money. According to the management guru Peter Drucker (1909-2005), the basic task of management includes both marketing and innovation. Practice of modern management originates from the 16th century study of low-efficiency and failures of certain enterprises, conducted by the English statesman Sir Thomas More (1478-1535). Management consists of the interlocking functions of creating corporate policy and organizing, planning, controlling, and directing an organization's resources in order to achieve the objectives of that policy.
2. The directors and managers who have the power and responsibility to make decisions and oversee an enterprise. The size of management can range from one person in a small organization to hundreds or thousands of managers in multinational companies. In large organizations, the board of directors defines the policy which is then carried out by the chief executive officer, or CEO. Some people agree that in order to evaluate a company's current and future worth, the most important factors are the quality and experience of the managers.
3. Management is the art of getting things done through and with people in formally organised groups. (Definition of Harold Koontz)
4. To manage is to forecast and to plan, to organise, to command, to co-ordinate and to control. (Definition of Henri Fayol)
B. Functions of Management
Management
functions include:
1. Planning
2. Organizing
3. Staffing
4. leading
or directing
5. controlling
an organization (a group of one or more people or entities) or effort for the
purpose of accomplishing a goal.
Source
:
Tidak ada komentar:
Posting Komentar