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Management
everywhere - office,
hospital, school,
curtly, Finance, trust
etc., Management is
basically Planning,
Organizing,
Coordinating,
Directing, Assessing,
Correcting, Motivating
and Achieving a set
goal. It is objective-
oriented. We always
have a doubt whether
it is an art or science.
It is the oldest of arts
and youngest of
science, because it is
of dynamic nature.
Different
Managements need
different approaches;
for example Business
Management and
Personnel
Management are
based on Common
principles but vary a
lot in the approach.
Economists say
Management is a
Factor of Production;
Socialist views it as a
Group of People;
others say that is a
process; Mary Parker
says ³ Management in
its true sense, a
process by which an
organization realizes
its objectives in a
planned manner´;
Management is all
about great ideas,
people and
achievements; though
there are many
definitions of
Management no single
definition is universally
accepted, as it
changes from situation
to situation, industry
to industry; it has got
different dimensions
and hence cannot be
defined precisely as a
Scientific Theory or
Law; James A. F. says
³ Management is the
process of Planning,
Organizing Leading
and Controlling efforts
of organization
members and of using
all other organizational
resources to achieve
pre-determined
Organizational goals´.
Science is a collection
of systematic
knowledge, collection
of truths and
Inferences after
continuous study and
experiments. The
Relationship between
Variables and Limits
are defined and the
Fundamental Principles
discovered.
Management Principles
have also evolved and
it is changing day by
day according to the
change in the human
behavior; In science
keeping one factor as
Variable and all others
as constants the same
experiment is repeated
many times in order to
arrive at a conclusion;
but Management
involves human
element and hence all
the factors are wildly
varying.