Entity: MANAGEMENT
Management refers to the act or skill of controlling and making decisions about organizations, businesses, departments, or teams. It involves handling, direction, and control of resources to achieve specific goals.
MANAGEMENT
Etymology
The word 'management' originates from the Latin word 'manus' meaning 'hand' and 'agere' meaning 'to lead'.
Definition
Management is the art of managing; the conducting or supervising of something, such as a business or organization. It involves the control and organization of resources to achieve specific goals.
Historical Context
Management has evolved over centuries, with various theories and approaches developed by scholars such as Frederick Taylor, Henri Fayol, and Peter Drucker. The Industrial Revolution played a significant role in shaping modern management practices.
Cultural Significance
Management plays a crucial role in the success of organizations across different sectors. It influences decision-making, resource allocation, and overall efficiency.
Related Concepts
Management is closely related to leadership, organizational behavior, strategic planning, and operations. It encompasses various functions such as planning, organizing, leading, and controlling.
See Also
- Leadership
- Organizational Behavior
- Strategic Planning
The art of managing; the conducting or supervising of something, such as a business or organization.