Management Principles and Practice Essay

7130 Words Nov 19th, 2012 29 Pages
Table of Contents

* The meaning of Management * Management Functions and Process * Management Approaches * Motivation Theory

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The Meaning of Management
Management may be defined in many different ways:
“Management is the development of people and not the direction of things” - Lawrence A Appley
“Management is defined as the process by which a co- operative group directs action towards common goals” - Joseph Massie
“Management is a distinct process consisting of planning, organizing, actuating and controlling performed to determine and accomplish the objectives by the use of people and resources” - George R Terry
“Management is principally the task of planning, co- coordinating, motivating and controlling
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Mobilizing the physical, human and financial resources and planning their utilization for business operations in such a manner as to reach the defined goals can be referred to as "management". If the views of the various authorities are combined, management could be defined as "a distinct ongoing process of allocating inputs of an organization (human and economic resources) by typical managerial functions (planning, organizing, directing and controlling) for the purpose of achieving stated objectives namely – output of goods and services desired by its customers (environment). In the process, work is preformed with and through personnel of the organization in an ever-changing business environment".
Management is a universal process in all organized social and economic activities. It is not merely restricted to factory, shop or office. It is an operative force in all-complex organizations trying to achieve some stated objectives. Management is necessary for a business firm, government enterprises, education and health services, military organizations, trade

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