Management has been defined by various authors/authorities in various ways. Following are few often-quoted definitions:
Management guru, Peter Drucker, says the basic task of management includes both marketing and innovation. According to him, “Management is a multipurpose organ that manages a business and manages managers, and manages workers and work.”
Harold Koontz defined management as “the art of getting things done through and with people in formally organized groups.”
All these definitions place an emphasis on the attainment of organizational goals/objectives through deployment of the management process (planning, organizing, directing, etc.) for the best use of organization’s resources. Management makes human
Effort more fruitful thus effecting enhancements and development.
Management is the process of planning, organizing, leading, and controlling an
Organization’s human, financial, physical, and information resources to achieve
Organizational goals in an efficient and effective manner.
The principles of management are the means by which a manager actually manages, that is, get things done through others—individually, in groups, or in organizations.
Formally defined, the principles of management are the activities that “plan, organize, and control the operations of the basic elements of [people], materials, machines, methods, money and markets, providing direction and coordination, and giving leadership to human efforts, so as to achieve the sought objectives of the enterprise.”