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How do you define Management ?

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How do you define Management ?
posted Mar 11 by Narsimhachary Gagiga

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Coordination of the activities of a business (many a times in non business also) in order to achieve defined objectives is called Management.

Management is often included as a factor of production along with? machines, materials, and money (3Ms). According to the management guru Peter Drucker (1909-2005), the basic task of management includes both marketing and innovation. Practice of modern management originates from the 16th century study of low-efficiency and failures of certain enterprises, conducted by the English statesman Sir Thomas More (1478-1535). Management consists of the interlocking functions of creating corporate policy and organizing, planning, controlling, and directing an organization's resources in order to achieve the objectives of that policy.

answer Mar 12 by Salil Agrawal
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