Management is the art of getting things done through the efforts of others. Management is a technique of planning,organizing, directing and controlling activities within the organization in order to achieve the desired goals. Managers in the organization direct the people to perform the task, which are ultimately results in achieving the organizational goals. Management is also focused towards allocating, planning and manipulating the resources of organization. Management can also be treated as alignment of organizational activities with the policies, programs and strategies of the company. Thus our experts says that, management is the art of achieving the aims and objectives of organization in an effective and efficient manner.
Importance of Management
Management plays an important role in every type of business either small or large. Management facilitates growth and expansion of the business firms. With the help of effective management, organization can be able to motivate the employees for better performance. Management encourages innovations within the organization, which brings new ideas, technologies and new methods for the achievement of organization goals. It is identified that in order to achieve the organizational goals efficiently, proper coordination between various activities should be maintained. Proper coordination can be maintained through effective management in the organization.
Evolution of Management
It is analyzed that before nineteenth century, all businesses were small enterprises, which was focused towards serving the needs of localized markets. Economic growth was found very less and economy was run in steady form. After nineteenth century, large businesses have emerged due to the globalization and market changes. Introduction of large businesses has emerged the need of management. Further, professional managers were replaced the family entrepreneurs. With the change in economic environment and globalization, organization has to focus towards management. Thus, in order to make management effective, organization has to follow certain theories, principles and strategies of management.