Management Concepts

Different Management Concepts

When people make decisions about any matter of an organization and its all department and control the whole system of the organization that is known as management. The person who has the skill of controlling and making decisions about a business is the manager of that organization.

For running any company some activities are associated with it .When these activities (planning, organizing, controlling, leading, monitoring) will manage any organization then it will be known as business management. On the other hand, operations Management do not deals with the activities of organization .It only deals with design and management of products/services,procedures and supply chains. Operations management considers the facts related with the achievement, development and utilization of resources that a company need to deliver its goods or services according to their client’s desire. Scheduling and controlling of production, inventory management, total quality management, assessment of quality, materials handling and equipment maintenance rules all the issues will be included under operational level of management.

Financial management (FM) covers the two key processes of resource management and finance operations. Finance operations and resource management operations are the example of financial management.

If any person at first set goal and then try to achieve that by scheduling it for making any decision then their time management will be possible. A person will be more organized, efficient and pleased if he gains the time management skills.

Information management (IM) is another type of management where information is collected from one source and distributed that information to one or more viewers.

Management consulting is the practice of serving organizations to develop their performance through the investigation of existing organizational problems and development of plans for progress.

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Definitions of Management By Some Authors

Management is the process of managing all the activities and tasks required to maintain or achieve a desired level which most of the time deals with people related issues. It also includes making and applying quality scheduling, with quality control and quality upgrading. It is also known as the total quality management (TQM). Management only concerned about the accomplishments of the task for achieve a pre-determined objective by utilizing people and resources.

 

Different authors of management have viewed management from their own point of view and they also emphasis on different expects of the management. For an example, F.W. Taylor emphasized on engineering aspects, George R. Terry emphasis on decision making aspect, some of them like Barry Richman also emphasized on integration or coordination aspect of the management. 

George R. Terry tried to explain management is a different process in which planning, organizing, motivating and controlling; utilizing together science and art and followed in order to accomplish a pre-determined goal.

F.W. Taylor considered management as the skill of knowing what you want to do and then seeing that they do it in the best and the cheapest way.

Mary Parker Follett clarify management is the art of getting things done through other people.

Harold Koontz said it is an art of getting things done through others and with formally organized groups.

Peter Drucker gives explanation about it that management is a multipurpose organ that manages business, managers, workers and work also.

From above definitions we can say that Management is a societal and technological process in which planning, organizing, staffing and controlling etc are the major portion. In the formation, direction, maintenance and operation of an organization management helps in every aspects. It tries to maximize benefits for the employer, the employees, and the other people of the organization.

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