Management is the art of
knowing what you want to do
and then seeing that it is done in the best and cheapest way. Management
entails the co-ordination of human effort and material resource toward the
organization to achieve its objectives. The objective of the any enterprise is
accomplished through the use of resources.
Management involves an organized effort to
achieve the objectives. Management is the brain of the enterprises. Management
helps in predicting what is going to happen in future that will influence the
working of an enterprise.
Etymology
of ‘Manager’ & ‘Management’
The
word ‘Manage’ derived from the Italian language ‘maneggiare’ that means to
handle, especially tools or a horse. ‘Maneggiare’ derived from two Latin words
‘manus’(hand) and ‘agere’(to act).
Actually
the English word ‘Management’ & ‘Manager’ both derived from old French word
’ménagement’ in the 17th & 18th centuries. The French
word ’ménagement’ derived from ‘ménagerie’.
During
the period of ‘Industrial Revolution’ the term ‘Management’ flourished vastly
for managing people who were working in various industries.
