Question

Define management.

Hint:

Recall the standard textbook definition combining resources, people, and goal achievement.

Answer 1

Step 1: Understanding the term:
Management is the process of getting things done, with and through people, by coordinating and effectively utilising available resources (men, money, material, machinery) to achieve pre-determined organisational goals.

Step 2: Core elements:
It is a continuous, goal-oriented, and pervasive process involving five functions — planning, organising, staffing, directing, and controlling.

Final Answer:
Management is the process of planning, organising, staffing, directing, and controlling resources to efficiently achieve an organisation's goals.