Definition, feature, nature, functions of management

JMC Study Team

JMC Study Team

jaankari@jmcstudyhub.com

Different management authors have viewed management from their own angles.

  • “Management is the art of getting things done through others and with formally organised groups.” – Harold Koontz
  • “Management is the art of knowing what you want to do and then seeing that they do it in the best and the cheapest manner.”- F.W. Taylor
  • “Management is a multipurpose organ that manages a business and manages managers and manages workers and work.”- Peter Drucker
  • “Management is to forecast, to plan, to organize, to command, to coordinate and control activities of others.”- Henri Fayol
  • “Management is the art of getting things done through people.”- M.P. Follet
  • ”Management is the accomplishment of results through the efforts of other people.”- Lawrence

Features or characteristic of Management

  • Management is goal-oriented.
  • Management is a social Process.
  • Management is continuous process.
  • Management is an organized activity.
  • Management is all pervasive.
  • Management aims at the accomplishment of predetermined objectives.
  • Management is both a science and an art.
  • Management is a group activity
  • Management principles are universal in nature
  • Management integrates human and other resources.

Functions of Management

  • Planning
  • Organising
  • Staffing
  • Directing- Supervision, Motivation, Leadership and Communication.
  • Controlling
References- Slideshare

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