MONEY MATTERS

There are many definitions given to management. Let us see what some people say about management:

Mary Parker Follet – Management is the art of getting things done through people.

Sir Charles Reynold – Management is the process of getting things done through the agency of a community. The functions of management are the handling of a community with a view to fulfilling the purposes for which it exists.

Louis Allen – management is what a manager does.

Henry Fayol – To manage is to forecast and plan, to organise, to command, to co-ordinate, and to control.

Mooney Reiley – Management is the art of directing and inspiring people.

Stanley Vance – Management is simply the process of decision-making and control over the actions of human being for the expressed purpose of attaining predetermined goals.

F.W.Taylor – Management is the art of knowing exactly what you want your men to do and then seeing that they do it in the best and the cheapest way.

Wilson – Management is a process of releasing and directing human energies towards attaining definite goal.

Pearce and Robinson – Management is the process of optimising human, material and financial contributions for the achievement of organisational goals.

Koontz and O’Donnel – Management is the creation and maintenance of an internal environment in an enterprise where individuals, working in groups, can perform efficiently and effectively towards the attainment of group goals. It is the art of getting the work done through and with people in formally organised groups.

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