Management Thought & OB

Definition of Management

Management is the process of planning, organizing, leading, and controlling an organization’s human, financial, material, and other resources to increase its effectiveness.

 Manager is an individual who achieves goals through other people.

Organisation is a consciously coordinated social unit, composed of two or more people, that functions on a relatively continuous basis to achieve a common goal or set of goals.

Planning is a process that includes goals, establishing strategy, and developing plans to coordinate activities.

Organising is determining what tasks are to be done, who is to do them, how the tasks are to be grouped, who reports to whom, and where decisions are to be made.

Leading is a function that includes motivating employees, directing others, selecting the most effective communication channels, and resolving conflicts.

Controlling is monitoring activities to ensure that they are being accomplished as planned and correcting any deviations.

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Organizational Behavior by Icfai Business School is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License, except where otherwise noted.