INTRODUCTION, HISTORY, GROWTH & EVOLUTION OF MANAGEMENT Description also available in video format (attached below), for better experience use your desktop. Introduction Management is a systematic process of planning, organizing, staffing, directing and controlling human and material resources to achieve organizational goals efficiently and effectively. Koontz & O’Donnell: “Management is the art of getting things done through and with people in formally organized groups.” Henry Fayol: “To manage is to forecast, to plan, to organize, to command, to coordinate, and to control.” Importance of Management Management is important because it ensures that organizations function smoothly and achieve desired outcomes. Achievement of Goals: Ensures objectives are clearly set and accomplished. Optimal Resource Utilization: Prevents wastage of men, money, material, and time. Coordination of Efforts: Brings harmony amon...
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