MEANING OF MANAGEMENT

It is very difficult to give precise definition of the term "management". Different scholars from different disciplines view and interpret management from their own angles. The economists consider management as a resource like land,labour and capital. The bureaucrats look upon it as a system of authority to achieve business goals.

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What is the meaning of Management?

Management is a dynamic science. It is going through an evolutionary process. The management thinkers and theorists in different stages of its evolution have laid stress on different aspects. Frederick winslow Taylor emphasised 'Engineering Aspects' as he himself was a production engineer. Prof. Elton Mayo laid stress on 'Human Relations, March and Simon on 'Decision Making'.

The human factor is considered so important by some management thinkers that they describe management as 'management of people' or 'personal management'.

Some scholars look at the subject of management as an art i.e. application of skills, while others treat it as a science i.e. a systematic body of knowledge based on experiments and observation. In recent years, management has also assumed professional character with the growth of specialization,code of conduct and Business Management Associations.

Experts agree that management is a distinct type of activity primarily responsible to get things done through other people and it is different from all other types of human activities. Similarly, they also agree that all managerial functions are universal and all managers in any field of human efforts perform those typical managerial functions irrespective of what thay are managing. However, we do not have unified views of authorities on what is management precisely.

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