MANAGEMENT - Basic Info

What is MANAGEMENT?

• creating the plans for the company
• a collective body of those who manage or direct an enterprise
• judicious use of mean to accomplish an end
• a minimum input with maximum output
• planning and organizing to improve the operation to get the quality of their product
• is a process (a systematic way of doing things), it utilizes resources efficiently
• it gets things done through and with others it achieves a stated goal

Management is an art because managers use judgement based on common sense and experience rather than merely following a prescribed set of management rules.