What is Management?
The term “management” is a modern one. There is no pre-modern equivalent of this term. However, there were stewards in ancient Egypt and Sumer. Slave-owners also faced management problems, such as how to motivate and exploit their slaves. These early examples of management are reflected in the development of quality-control procedures and the concept of standardization. While pre-industrial enterprises were not required to deal with such issues, they developed a broad appreciation for the concept.
In simple terms, management is the practice of getting people together for a common purpose. It involves leading an effort to achieve a set of pre-determined goals. It involves working with and through others to achieve those goals while making best use of limited resources. Depending on the nature of the enterprise, these goals may include market surveys and profit maximization. However, management is much more than just directing people. In other words, it is a process that requires the management of human, material and financial resources.
The practice of management involves planning, motivating people, and managing operations. People are arguably the most difficult resource to manage because they have their own emotions, needs, beliefs, and motivations. It is important to keep these factors in mind when planning. Management is essential to any organization. And if it is not working, it will likely lead to chaos, confusion, and unhappiness. But a good manager will ensure that the people in his or her organisation are happy and productive.
Despite the importance of management, it is still regarded as an art. In some circles, management is still seen as an art form, which must be practiced for success. Nonetheless, management as an academic discipline is a rapidly growing discipline. A large number of people seek admission to management schools as proof of its increasing popularity. So, what is management? Let’s explore some of the key characteristics and distinguishes it from other disciplines.
Firstly, management is a profession. A profession is not defined by money, but in terms of community respect. It is a field of study that seeks to integrate a variety of resources into productive units. The profession has its own representative bodies, called professional associations. These associations promote the development of their respective fields and prescribe entry criteria. If you’re thinking about a career in management, here are some things to consider. You’ll find out whether or not management is right for you.
Secondly, management focuses on planning. It involves defining the direction of an organization, and deciding what actions to take to achieve those goals. Finally, it requires planning to ensure that all stakeholders are working towards the same goals. As an example, a housewife may plan activities by allocating tasks to family members and motivating them to finish their jobs. And this is just one example of the many important functions of management. If you’ve ever wondered how management works, you’ll be surprised by what it entails.
The controlling function of management involves taking steps to ensure that employees perform at their best. To accomplish this, they must measure their subordinates’ performance and compare it to those standards. If there are any deviations from these standards, appropriate measures must be taken to rectify them. Another important function of management is coordination. This function involves coordinating activities and operations so that every element of an organization contributes to its success. If you’re looking for a career in management, consider reading the article below.