The concept of management is well established and very familiar to scholars and practitioners. However, traditional textbook definitions lack the most concrete characteristics, making them extremely vague. The purpose of this article is to develop a more precise definition of management that fully captures the meaning and content of the term.
To accomplish this, a comprehensive literature review is conducted, and the key elements are subjected to critical analysis. We also conceptualize essential new definitional elements. This suggests that management is a steering influence in the market, production, and/or resource operations in an organization and its units that may address both people and non-people issues and is imposed by multiple organizational actors either through anticipatory norm-setting or situational intervention.
Read on to discover more details as we explore the concept of management in detail.
Related: Management Theories in Business
Table of Contents
The Concept of Management
In today’s world, there is no doubt about the fact that the concept of management has changed drastically over time. It is now more important than ever before. The concept of management has evolved and has undergone many changes.
What is Management?
Management is the process of planning, organizing, directing, controlling, coordinating, and monitoring an organization. It involves setting goals, making decisions, and taking action on those decisions.
Among the definitions of management given by famous writers and thinkers are:
- The goal of management, according to Harold Koontz and Heinz Weihrich, is to create an environment in which individuals, working together in groups, can achieve selected objectives effectively.
- According to Robert L. Trewelly and M. Gene Newport, Management is defined as the process of planning, organizing, actuating, and controlling an organization’s operations to achieve coordination of the human and material resources essential in the effective and efficient attainment of objectives.
- In Kreitner’s words, “management is the process of working with and through others to achieve organizational objectives efficiently by using limited resources.”.
- As defined by George R Terry, management involves planning, organizing, actuating, and controlling people and resources to determine and achieve objectives.
As a result, the concept of management can be defined as the process of achieving goals efficiently and effectively. The following are some important terms in this definition:
- Process: A process is a primary function or activity performed by management to accomplish a goal. Among these functions are planning, organizing, staffing, directing, and controlling.
- Effectiveness: Effectiveness is concerned with the result. It means finishing the given task. Thus Effectiveness in management is concerned with doing the right task, completing activities, and achieving goals
- Efficient: Efficiency means doing the task correctly and with minimum cost. Management is concerned with the efficient use of input resources which ultimately reduce costs and lead to higher profits.
It is important for management to achieve goals (effectiveness) with minimum resources i.e., as efficiently as possible while maintaining a balance between effectiveness and efficiency.
The Evolution of Management Concepts
Management was first used by ancient Greeks who were known as “managers”. They were responsible for managing the affairs of the city. This concept was later adopted by the Romans. During the Middle Ages, the word ‘management’ came into use. The term ‘manager’ was used to describe people who managed large estates.
The Concept of Management #1: The Importance of Managing People
Managers are those individuals who take charge of other people. They are also called supervisors. A manager is an individual who supervises others. He/she makes sure that his/her subordinates perform their duties properly. Managers are usually found in organizations where there are several employees.
The Concept of Management #2: The Importance of Managers and Their Role
There are various kinds of managers. These managers differ according to their roles and responsibilities. There are different types of managers such as:
- Supervisors
- Coordinators
- Team leaders
The Concept of Management #3: The Importance of Leadership
A manager is an individual who leads others towards achieving organizational goals. Managers are responsible for directing and coordinating the activities of employees. They also ensure that these employees meet deadlines and complete tasks within the given timeframe.
The Concept of Management #4: The Importance of Communication
There are several ways through which managers communicate with their subordinates. One of them is by using email. Email is one of the most effective tools used by managers to communicate with their subordinates. This is because emails are easy to send and receive. Also, they are very quick and efficient. Emails are usually sent at times when people are free and not busy.
Concept of Management FAQs
Concept of Management/ Concept of Management in Business
This article explains the concept of management in detail. Read on to know more about it!
Management Concepts for Beginners
The term “management” refers to the process of planning, organizing, directing, coordinating, controlling, and evaluating an organization or group of people.
The Concept of Management #1: The Difference Between Manager and Supervisor.
A manager is responsible for managing employees while a supervisor is responsible for supervising them. Managers usually work with other managers and supervisors to plan and organize projects and activities. They also make sure that everything goes according to schedule. Supervisors oversee the work done by others and ensure that it meets the standards set by the company.
The Concept of Management #2: Types of Managers.
There are different types of managers. Each type has its responsibilities and duties. Here are some examples:
- A project manager manages a team of people who are involved in a particular project. He/she makes sure that the project is completed within the specified deadline.
- An operations manager oversees the day-to-day operations of an organization. He/she ensures that the production process runs smoothly and that there are no interruptions.
- A human resource manager handles employee relations and recruitment. She/he helps the company attract new employees and retain existing ones.
The Concept of Management #3: The Difference Between Management and Leadership.
In simple terms, management is concerned with the planning, organizing, directing, and controlling of people and things. It involves making decisions and taking action. On the other hand, leadership is concerned with motivating others to achieve goals. Leaders inspire people to work together towards common objectives. They also help them develop the skills and competencies needed to succeed.
The Concept of Management #4: The Importance of Teamwork.
A team is an organized group of individuals who collaborate to accomplish a goal. Teams are made up of members who share responsibilities and contribute different skills. Each member has a role to play in achieving the team’s objective.
The Concept of Management #5: The Role of Communication.
To work effectively as a team, communication is essential. Team members need to understand each other’s roles and responsibilities so that they can communicate clearly and efficiently with one another.
Definition of Managerial Accounting/ Concept of Management Accounting
Definition of Managerial Accounting, What Is It?
Managerial accounting, also called management accounting, creates statements, reports, and documents that help management make better decisions related to their business performance. Managerial accounting is primarily used for internal purposes. Read on to learn more about managerial accounting.
Management accounting is an important tool for managers in any organization. It helps them understand how well their company is performing and where improvements can be made.
What Is Managerial Accounting?
Managerial accounting is a set of tools designed to help managers analyze and improve the financial performance of their organizations. These tools provide detailed information about the financial activities of the organization. They allow managers to see how much money is being spent on different products and services, how much profit is being generated by each product line, and how much cash is available at the end of the year.
Why Do Companies Need Managerial Accounting?
Managers need to understand the financial aspects of their businesses because they are responsible for making sure that the company has enough money to pay its bills and keep employees paid. If managers do not understand these numbers, they cannot effectively manage the company.
Types of Managerial Accounting
There are two main types of managerial accounting: general purpose and special purpose. General purpose accounts are those that are designed to provide an overview of the financial condition of the organization. Special purpose accounts are those that focus on one aspect of the business such as sales, inventory, or expenses.
The Role of Management Accounting
Managerial accounting is used by managers to analyze and interpret data to make informed decisions. This process includes analyzing financial data, evaluating trends, and making projections.
Managerial Accounting Software
There are several different types of software available to assist with managerial accounting. These programs allow users to enter transactions into spreadsheets and then generate reports based on those transactions. They also provide tools to track cash flow, balance sheets, income statements, and other key financial metrics.
Concept of Risk Management
In this article, we’ll discuss risk management from a historical perspective. We’ll also look at some of the most common risks faced by businesses today.
Risk Management – What Is It?
The concept of risk management has been around for centuries. It’s an important part of the business that helps companies plan for potential problems in advance and take corrective measures to reduce the chances of uncertainties.
The History of Risk Management
Risk management was first used as a term in the early 1900s. At that time, there were two main forms of risk management: insurance and hedging. Insurance covered losses caused by events such as fires, floods, and other natural disasters. Hedging helped protect against market fluctuations.
Types of Risks Faced by Businesses Today
As technology has advanced, so too needs risk management. Today, businesses face a wide variety of risks, including cyber-attacks, data breaches, employee misconduct, and more. These risks can cause significant financial damage to companies.
Common Risk Factors
There are several different types of risks that businesses face. One of the most common risks is fraud. Fraudsters often use social engineering techniques to trick people into giving up personal information. They might send emails with fake links or attachments that appear legitimate, or they might call customers posing as representatives from banks or other organizations. Once they’ve gained access to sensitive information, they can steal money or commit identity theft.
Managing Risk
To manage these risks, companies need to implement policies and procedures that help them identify potential threats before they become real problems. These policies should cover everything from employee training to data security. Companies must also ensure that employees follow those policies. If an employee does something wrong, the company needs to take appropriate steps to correct the situation.
Why You Should Be Concerned About Risk Management
A business’s reputation is its most valuable asset. Unfortunately, there are many ways for a company to lose its reputation. One of the biggest risks facing any business is fraud. Fraudsters will do anything to steal money from a company. They might use fake invoices, counterfeit products, or even commit identity theft.
Characteristics of Management
Basic characteristics of management are:
Management is a goal-oriented process
An organization has a set of basic goals which are the basic reason for its existence. Management unites the efforts of different individuals in the organization toward achieving these goals.
Management is all pervasive
The activities involved in managing an enterprise are common to all organizations whether economic, social, or political.
Management is multidimensional
The concept of management is a complex activity that has three main dimensions:
Management of work
All organizations exist for the performance of some work. Management translates this work in terms of goals to be achieved and assigns the means to achieve them.
Management of people
Human resources or people are an organization’s greatest asset. Managing people has two dimensions:
- it implies dealing with employees as individuals with diverse needs and behavior;
- it also means dealing with individuals as a group of people
The task of management is to make people work towards achieving the organization’s goals, by making their strengths effective and their weaknesses irrelevant.
Management of operations
It requires a production process that entails the flow of input material and the technology for transforming this input into the desired output for consumption.
Management is a continuous process
The process of management is a series of continuous, composite, but separate functions (planning, organizing, directing, staffing, and controlling). These functions are simultaneously performed by all managers all the time.
Management is a group activity
An organization is a collection of diverse individuals with different needs. The concept of management should also enable all its members to grow and develop as needs and opportunities change
Management is a dynamic function
The concept of management is a dynamic function and has to adapt itself to the changing environment. To be successful, an organization must change itself and its goals according to the needs of the environment.
Management is an intangible force
Management is an intangible force that cannot be seen but its presence can be felt in the way the organization functions.
What Meaning of Management/ What is Meaning of Management/ What is the Definition of Management
Management is the administration of an organization, whether it is a business, a non-profit organization, or a government body. It is the art and science of managing the resources of the business. Read more about management in this article.
What Is the Definition of Management?
The term “management” has many different meanings. In general, it refers to the process of planning, organizing, directing, coordinating, controlling, and evaluating the performance of people and organizations.
What Does Management Mean?
Management is the art and science (or practice) of running an organization. A manager is responsible for making sure that the goals of the organization are met. This includes ensuring that employees do what they need to do to meet those goals. Managers also make sure that the company’s finances are balanced and that there are enough funds available to pay its bills.
Why Do You Need Management?
There are three main reasons why managers are needed. First, managers help ensure that the organization meets its goals. Second, managers keep track of how well each employee is doing at meeting those goals. Third, managers make sure that the organization has enough money to operate.
What Are Some Common Management Skills?
Managers need to be able to communicate effectively with employees, customers, and other stakeholders. They also need to be able to motivate people to work hard toward achieving organizational goals. Finally, managers must be able to handle conflict when necessary.
What Are Some Important Management Roles?
There are several different roles within management. These include:
- Executive manager – This role is usually held by the CEO (chief executive officer) of a company. The executive manager oversees the day-to-day operations of the company. He or she makes sure that the company meets its financial obligations and keeps up with regulatory requirements.
- Manager – A manager is responsible for overseeing the activities of one or more employees. In some cases, a manager will oversee multiple employees at once.
- Team leader – A team leader is responsible for leading a group of employees who work together towards a common goal.
Concept of Management of Change
In this article, we’ll explain what the concept of management of change means.
The Concept of Management of Change/ Concept of Management Change
The concept of managing change is an important part of any business strategy. It involves planning for changes in the environment that affect your company and then making adjustments to ensure that your business remains competitive.
What Is Change Management?
Managing change is one of the most challenging aspects of running a successful business. If you’re not prepared for change, you might find yourself struggling to keep up with new trends and technologies.
Why Do We Need to Manage Change?
Change is inevitable. It’s part of life. And as a manager, you need to make sure that your organization is ready for any changes that come it’s way.
Types of Changes
There are three main types of change: planned, unplanned, and disruptive. Planned changes are those that are well thought out and planned. They usually involve some sort of planning process. Unplanned changes occur when something unexpected happens. Disruptive changes happen suddenly and unexpectedly. These are often referred to as “black swan” events because they’re so unpredictable.
Managing Change Through Communication
To manage change effectively, managers need to communicate clearly with employees. This includes communicating the purpose of the change, how it will affect them, and why it’s necessary. Managers also need to provide feedback on how people feel about the change. Finally, managers should make sure that everyone understands the new rules and procedures.
Managing Change Through Training
Employees who receive training before a major change understand the changes better than those who learn about them after the fact. They’re more likely to accept the changes as part of the organization’s culture.
Meaning of Management Trainee
A management trainee is someone who has been trained to be an executive assistant or manager.
The role of a management trainee is to assist in the day-to-day operations of a company. They will often perform administrative tasks for executives, managers, and other employees.
The job title is usually given to people who have completed their undergraduate degrees.
In some cases, a management trainee might also be referred to as a “management intern” or “executive assistant.” These terms are used interchangeably with management trainees.
They may also have some work experience under their belt.
If you’re looking to become a management trainee, you should start by getting some work experience first. This will help you understand what it takes to succeed in the field. You can do this through volunteer work, internships, or even part-time jobs.
Their role is to assist managers with administrative tasks.
As a management trainee, your job is to support senior executives and other managers. You might be responsible for scheduling meetings, managing email correspondence, and organizing travel arrangements. In addition, you might also be expected to perform other duties such as answering phones, taking notes during meetings, and preparing reports.
This includes answering phones, scheduling meetings, and other office duties.
If you’re interested in becoming a management trainee, you should consider whether you would enjoy being part of a team. Many people find that they enjoy working with others and having a sense of purpose. However, some people prefer to work alone and do not enjoy interacting with others.
In many cases, they will also help out with marketing and sales.
You might also need to learn how to manage yourself as well as other people. It’s important to understand what motivates you and what makes you happy. This will allow you to set goals and achieve them.
Concept of Management and Leadership
Leadership is one of the most important aspects of the business. It helps people achieve their goals and objectives. Read on to know more about leadership.
The Concept of Management and Leadership
The concept of management and leadership has been around for centuries. There are many different definitions of these terms. Some say that management is the process of planning and organizing while leadership is the ability to inspire others to follow through with plans.
Who Is a Leader?
Leaders are those who motivate others to work towards achieving common goals. They can influence other people by inspiring them and motivating them to act.
Types of Leaders
There are different kinds of leaders. A leader can be an individual, a group, or a team. An individual leader motivates and inspires his/her followers. A group leader leads a group of people. A team leader leads a team of people.
Characteristics of Effective Leaders
A good leader has to be able to motivate others. He should also be able to inspire them to do better work. He must be able to communicate effectively with his followers. A good manager should be able to make decisions quickly and efficiently.
Why do You need to Be a Good Leader?
If you want to become a good leader, then you need to understand what makes a good leader. Several traits define a good leader. They are as follows:
You must also be able to communicate effectively with others. Communication skills are essential to becoming a better leader. Effective communication includes listening, speaking, and writing.
1. Self-awareness – This means being aware of your strengths and weaknesses.
2. Empathy – Being empathetic means understanding other people’s feelings.
3. Integrity – Having integrity means doing things right even when no one is watching.
4. Motivation – Motivating others is an important part of leading them.
5. Confidence – Confident leaders inspire confidence in those who follow them.
6. Accountability – An effective leader holds himself accountable for his actions. He takes responsibility for his mistakes and learns from them.
Concept of Operational Risk Management
Operational risk management is an important concept in business today. Learn what it means and why it matters!
Operational Risk Management – What Is It?
Operational risk management (ORM) is a process that helps companies identify risks and manage those risks effectively. It involves identifying potential threats, analyzing how likely they are to occur, and then taking steps to mitigate the impact of any negative outcomes.
What is Operational Risk Management?
ORM is a set of processes designed to help organizations identify and control operational risks. These risks can affect the organization’s ability to meet its goals and objectives. They can also lead to financial losses, reputational damage, legal liability, and even loss of life.
Operational Risk Management Defined.
Operational risk management (ORM) is defined as “the process of managing risks associated with operational activities.” This includes everything from ensuring that the right people are doing the right jobs to making sure that the company has adequate insurance coverage.
Why Does Operational Risk Matter Today?
Businesses must manage operational risks because they can cause significant harm to the company. In fact, according to the World Economic Forum, nearly half of all companies surveyed reported having experienced at least one operational risk event in the past year.
The Three Types of Operational Risks
There are three main categories of operational risks: financial, legal, and reputational. Financial risks involve money, such as theft or fraud. Legal risks involve laws, regulations, contracts, and other agreements. Reputational risks involve damage to a company’s reputation.
How Can You Manage Operational Risk?
Operational risk management involves identifying potential threats to operations, developing strategies to mitigate those threats, and implementing plans to ensure that the organization remains safe and secure.
Concept of Knowledge Management
In today’s world, we have access to an abundance of information. But what do we know? Find out more about the concept of knowledge management.
Concept of Knowledge Management
The term “knowledge management” refers to the process of capturing, organizing, sharing, and using knowledge to improve business performance. It includes processes for identifying, creating, storing, distributing, and applying knowledge.
Know What You Don’t Know.
If you want to become a better leader, you need to understand where you fall short. To help you identify areas where you might not be as knowledgeable as you think you are, take our quiz.
Learn from Others.
You can learn a lot by observing others. Take note of how other people behave and act. What motivates them? How do they handle stress? Do they make mistakes? These questions will help you gain insight into how to improve yourself.
Share Knowledge.
If you want to become a better leader, you need to share knowledge with others. This means sharing ideas, strategies, and insights with those who work under you. Sharing knowledge also helps you develop new skills and build relationships.
Create A Culture of Learning.
To help you learn how to lead effectively, here are some tips on creating a culture of learning at your organization.
Build an Information Literacy Program.
A key component of any successful leadership program is building an information literacy program. This means making sure employees understand how to find, evaluate, and use information. It also means providing training so employees can apply these skills to their jobs.
Concept of Management by Exception
In this article, we’ll discuss the concept of management by exception.
The Concept of Management by Exception
The idea behind management by exception is that when something goes wrong in an organization, the first thing to do is figure out why it happened, then take steps to prevent it from happening again.
What Is Management by Exception?
Management by exception is a process where managers make decisions based on what has worked in the past rather than what will work in the future. This approach is often used in manufacturing, construction, and other industries where there’s a high degree of predictability.
Why Do You Need to Know About This?
If you’re managing an organization, then you need to understand how to manage by exception. It’s not just a good idea; it’s essential to running a successful business.
When Should You Start Using It?
Managing by exception means that you should only make changes when something goes wrong. This approach helps you avoid making mistakes and ensures that you never lose sight of what’s important.
How Does It Work?
Let’s say you’re running an online store. You’ve been selling products for years, and everything has gone smoothly. Then one day, you notice that some customers are complaining about slow shipping times. You decide to investigate the issue and find out that there was a problem with the warehouse. So you fix the problem and ship out the orders as quickly as possible.
We’ll also look at how it’s used in practice, and what it means for your business.
This is called “management by exception,” and it’s a common approach to managing exceptions in software development. It’s based on the idea that when something goes wrong, you should first try to figure out why it went wrong, then make sure it never happens again.
Concept of Library Management
A library management system is an essential tool for managing libraries. Learn about the different types of systems available today!
The Concept of Library Management
Libraries need to manage many aspects of their operations, including collections, staff, finances, and technology. The right software will help you organize all these tasks in a way that makes sense to you.
Benefits of Using a Library Management System
A library management system (LMS) helps you keep track of everything related to your library. It allows you to easily add new items, check out books, and return them when due. You can also use it to set up automated reminders so that you never forget to do something. An LMS also lets you see what other people are doing with your collection, as well as how much money you spend on each item. This gives your insight into where you might make improvements.
Features of Popular Systems
There are several popular LMS options available today. Here are some of the features you should consider before choosing one:
- User interface – How easy is it to navigate through the software? Is there a lot of clutter? Does it take too long to load?
- Integration – Do you need to integrate with other applications? If so, does the LMS support those integrations?
- Security – What security measures are in place? Are users required to log in? Do you need to provide login credentials?
- Reporting – Do you need to generate reports? If so, will the LMS allow you to customize these reports?
Choosing a Library Management System
Once you’ve decided what type of LMS you want to use, you’ll need to choose between open source and proprietary solutions. Open source solutions tend to be more flexible than proprietary ones, but they also lack certain features. Proprietary solutions are typically easier to install and maintain, but they often come at a cost.
Implementation Tips
If you’re looking for a free solution, consider using Google Apps for Education (GAFE). GAFE includes a variety of tools that make it easy to manage your school’s email, calendars, documents, and other services. It’s also compatible with Microsoft Office 365, so you can access your files from any device.
Types of Libraries
There are two main categories of libraries: academic and non-academic. Academic libraries tend to focus more on research and teaching than non-academic libraries do. Non-academic libraries tend to focus more heavily on providing materials for use by the general public.
Concept of Lead Management
In this article, we’ll explain what lead management is and how it works.
The Concept of Lead Management Explained in Detail
Lead management is an important part of any business that handles hazardous materials. It involves keeping track of where all the lead in your facility comes from and making sure that it doesn’t end up anywhere unsafe.
What Is Lead Management?
Lead management is the process of tracking the source of all the lead in your facilities and ensuring that it’s not being released into the environment. This includes everything from the raw material used to make products, to the finished product itself.
Why Do You Need to Manage Leads?
If you’re running a business, then you need to manage leads. It’s just part of doing business. However, there are some reasons why you should do so.
How Does Lead Management Work?
There are two main ways that businesses use lead management. One is called “lead generation” and the other is called “lead nurturing.” Both methods work by finding out who needs what you offer and then getting them to contact you.
Examples of Lead Management
A good example of lead management would be an online retailer that uses lead generation to find new customers. They might send emails to people who visited their website asking them to fill out a form with some personal details. Once the customer fills out the form, the company will follow up with them via email or phone call to see if they’re interested in buying something. If so, the company will ask them to sign up for a newsletter or give them more information about the product. This process continues until the customer signs up for one of the products the company sells.
We’ll also show you some examples of lead management software.
Lead management is a term used by marketers to describe the process of finding potential leads and converting them into sales. It’s a very broad term that includes everything from email marketing to social media advertising.
Concept of Logistics Management
The concept of logistics management is the process of planning, organizing, scheduling, controlling, coordinating, and monitoring the flow of goods from their point of origin to their destination.
Logistics Management Definition, What Is It?
The concept of logistics management is an important part of business operations. It involves managing all aspects of the supply chain, which includes everything that moves between the supplier and the customer.
Logistics Management Definition, Why Do You Need It?
Logistics management helps companies manage costs, improve efficiency, and reduce waste. In addition, logistics managers help businesses plan and prepare for future growth by anticipating demand and ensuring that there is enough capacity to meet it.
Logistics Management Definition – Benefits
Logistics management has several benefits.
- First, it allows companies to save money by reducing the number of errors made during transportation.
- Second, it reduces the need for additional storage space at warehouses because items are stored closer together.
- Third, it improves customer service by allowing customers to receive products faster than before.
- Finally, it enables companies to better control inventory levels and avoid shortages.
Logistics Management Definition – Key Features
Logistics management involves managing the movement of materials between suppliers and consumers. This includes everything from transporting raw materials to packaging finished products. In addition, logistics managers must ensure that these processes run smoothly and efficiently. They also must make sure that there are enough workers available to complete each task.
Logistics Management Definition | Examples
Logistics management is an essential part of any business. Without it, businesses would not be able to function as well as they do today. A good logistics manager will plan out how to move items from one place to another. He or she will also organize the transportation of those items so that they arrive at their destinations safely and on time. Finally, he or she will coordinate with other people involved in the logistics process to ensure that everything runs smoothly.
Logistics Management Definition & Examples | Case Study
Logistics management is a broad term that encompasses many different aspects of the supply chain. There are several different definitions of what logistics management means. One definition says that logistics management is “the science of moving things from where they are produced to where they are consumed.” Another definition states that logistics management is ‘the art of managing the movement of materials, products, services, and money between points of origin and delivery.’
Also Read: Human Resource Management (HRM) FAQs Part I