About Management it's Concepts and Definitions

Management-

Management is essential for all organisations big or small,profit or nonprofit,service or manufacturing unit.Management is necessary so that individuals may make their best efforts towards group objectives.
                            The success or failure of every organization depends on its management ,no organisation can work smoothly and efficiently without management.

Modern Concept Of Management      
    "Management is a process of getting things done with the aim of achieving goals effectively and efficiently."

Modern definitions insists on:
1. PROCESS -
          Process refers to the series of steps or basic functions necessary to get the things done. Management is a process because it performs series of functions, i.e., planning, organising, staffing and controlling in a sequence.
2.  Effective and Efficient Performance -
              Modern concept of management says that employees must be effective as well as efficient . Effectiveness refers to completion of work or achievement of target on time. Efficiency refers to optimum utilisation of resources or no wastage of resources, both are must for every organisation; for example, if annual target of a worker is to produce 1000 units of output , the employee achieves this target by wasting various resources and by mishandling the machinery then the organisation will have no benefit so only effectiveness is not required. It must be accompanied by efficiency.

3. Achievement of Group ,Common or Organisational Goals -
       The modern concept of management insists that all the functions and activities of managers must be directed towards the achievement of organisational goal and this goal should be the go of every employee and must be considered as group or common goal.

Difference between Effectiveness v/s Efficiency

Relationship between Efficiency and Effectiveness

         Effectiveness and efficiency are equally important as being effective means completing the task on time but it is not without any wastage of resources. Effectiveness and efficiency are the two sides of a same coin, one without other is of no use.
      Effectiveness and efficiency together lead to higher profit and prosperity of an organisation. And failure of organisation is due to inefficiency  and ineffectiveness.

 Definitions by different Authors:

*   Koontz and O'Donnel -

                             "Management is establishing an effective environment for people operating in formal organisational group."
                                          

*  James L.Ludney -

                      "Management is the art of knowing exactly what you want your men to do and then seeing that they do it in the best and cheapest way."
                                           

*  F.W. Taylor - 

                 " Management is the coordination of all resources through the process of planning, organising, directing and controlling in order to attain stated objectives. "
                                           

*  Marrie and Douglas -

                          " Management is the process by which a cooperative group directs actions of others towards common goals. "