what is management

11 months ago 43
Nature

Management is the process of coordinating and administering tasks to achieve a goal. It involves organizing and directing workflow, operations, and employees to meet company goals. Management is a universal phenomenon that is used in all types of organizations, including businesses, governments, and non-profit organizations. The primary goal of management is to create an environment that allows employees to work efficiently and productively.

Some key features of management include:

  • Planning: Creating goals and objectives, developing strategies to increase performance, productivity, and efficiency, and ensuring compliance with company policies and industry regulations.

  • Organizing: Establishing a solid organizational structure that serves as a guide for workers and establishes the tone and focus of their work.

  • Directing: Coordinating the efforts of employees or volunteers to accomplish organizational objectives through the application of available resources, such as financial, natural, technological, allocated authority, and human resources.

  • Controlling: Monitoring budgets, productivity levels, and performance, resolving customer problems, and training staff.

Management is an art of getting things done through and with people in formally organized groups. It is a purposive activity that directs group efforts towards the attainment of certain pre-determined goals. The term "management" may also refer to the collective body of those who manage or direct an enterprise.