The document discusses definitions of management from various experts. It begins by stating that effective management is needed for businesses to succeed in the modern world. It then provides definitions of management from Samuel, F.W. Taylor, Peter Drucker, and Fayol. Samuel defines management as the process of reaching organizational goals by working with people and resources. F.W. Taylor defines it as knowing what you want to do and ensuring it gets done in the best and cheapest way. Peter Drucker calls management a multi-purpose organ that manages businesses, managers, workers, and work. Finally, Fayol defines management as the concept, technique, and process that enables goals to be achieved efficiently and effectively.
2. WHAT IS MANAGEMENT?
In the fast changing modern world, every business needs
effective management system. In order to make our
management good and effective, we will have to
understand the concept of management. Following is
the list of management definitions by various
management consultants and experts.
3. DEFINITIONS OF MANAGEMENT
According to Samuel, “Management is the process of
reaching organizational goals by working with and
through people and other organizational resources”.
According to F.W. Taylor, "Management is the art of
knowing what you want to do and then seeing that
they do it in the best and the cheapest way."
4. DEFINITIONS OF MANAGEMENT
According to Peter Drucker “Management is a
multi-purpose organ that manages a business and
manages managers and manages worker and work”.
Fayol defines “Management as the concept,
technique and process that enables goals to be
achieved efficiently and effectively”.
5. THANK YOU FOR READING
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