➡️1) It is used in reference to a key group in an organization in charge of its affairs. In relation to an organization, management is the chief organ entrusted with the task of making it a purposeful and proactive entity, by undertaking the task of bringing together and integrating the disorganized resources of manpower, money ,materials and technology into a functioning whole.
An organization becomes a unified functioning system when management systematically mobilizes and utilizes the diverse resources efficiently and effectively. The survival and success of an organization depend to a large extent on the competence and character of its management.
Management has to also facilitate organizational change and adaption for effective interaction with the environment.
➡️2) The term management is also used with reference to a set of interrelated functions and processes carried out by the management of the organization to attain its objectives.
This functions include Planning ,Organizing, Directing, Staffing and Controlling. The functions or sub processes of management are wide ranging but closely related.
They range all the way from determination of the goals, design of the organization, mobilization and acquisition of resources, allocation of tasks and resources among the personnel and activity units and installation of control systems to ensure that what is planned is achieved.
Management is an influence process to make things happen, to gain command over phenomena, to induce and direct events and people in a particular way. Influence is backed by power,competence, knowledge and resources.
Managers formulate organizational goals, values and strategies to cope with, to adapt and to adjust themselves with the behavior and changes in the environment.
Very informative and well explained. Waiting for the next article.
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