According to Henry Fayol(1949), who is considered as the father of administrative management and also who came up with the 14 principles of management, “ To manage is to forecast, to plan, to organize, to command, to co-ordinate and to control”. To put it simply it is the act of getting things done along with the subordinates or co-workers in an organization. In other words it is a process of various functions like planning, organizing, leading and controlling the business operations in such way that will make attaining the goals set by the business firm a success.
Management is an exceptionally well known term and has been used extensively for all types of activities and mainly for taking charge of different activities
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The proper running and functioning of an organization is ensured by the existence of a management. It requires motivation and strategies which only managers can provide. It makes them achieve its desired objectives through proper planning and control. The nature of management can be examined terms of dynamic process it involves. It can be considered both science and as an art. Because it is based on the problems and their context and environment, management sometimes appears as science and sometimes as an art. Art and science are altogether different in nature and have different theories. Management is treated as an Art because it is more application oriented and skill is predominant in nature whereas it is treated as science because it has a predominant body of knowledge with universal validity. Art is viewed as the use of imagination to express ideas of feelings, particularly in painting, drawings, especially when one studies art. In essense, art has nothing to do with objectivity. It relates to individual subjectivity which makes it entirely different from …show more content…
sometimes the employees might slack off, or the tasks wouldn’t be divided equally which means its not organized well and leadership is really poor. So management is that important and managers should be aware of it. A job of managing an enterprise based on study, observation and experience. literature is one of the most well known aspect of art and there are a lot of literature available in various areas of management like marketing, finance and human resources which managers has to specialize in. A good manager works through a combination of practice, creativity, imagination, initiative and innovation. Making sure he is doing all these functions makes him a good leader and makes it a plus point for him as well as for the company. Artworks like dance and music isn’t perfected in a single day. It takes a lot of practice and similarly management is also the same. It can never be perfected in a short period of time. There are a lot of young managers giving up hope after few failures. People must understand that management takes years of practice to be a great manager. A manager applies this acquired knowledge in a personalized and in a skillfull manner. He is involved in the activities of the organization, studies critical situations and formulates his own theories for use in a given