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Management and the Manager’s Job

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What is Organization?

Organization can be defined as a group of people working together in a structured and coordinated fashion to achieve a set of goals.

Therefore, Organizations must have these four factors:

Objective

People

Structure

Technology

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Meaning of Management

Management is a universal phenomenon. It is a very popular and widely used term.

All organizations - business, political, cultural or social are involved in management because it is the management which helps and directs the various efforts towards a definite purpose.

According to F. W. Taylor, “ Management is knowing exactly what you want men to do and then seeing that they do it in the best and cheapest way.”

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