. Definitions of Management Management is a distinct ongoing process of allocating inputs of an organisation (human and economic resources) by typical managerial functions (planning, organising, directing and controlling) for the purpose of achieving stated objectives, viz., output of goods and services desired by its customers (environment). In the process, work is performed with and through personnel of the organisation in an ever-changing business environment. .
“To manage is to forecast, to plan, to organise, to command, to co-ordinate and to control.” —Henry Fayol. . “Management is a multipurpose organ that manages a business and manages manager, and manages worker and work.” — Peter F. Drucker: