Management (noun)
Definition
The process of planning, organizing, coordinating, and controlling resources (such as human, financial, and material) to achieve specific goals and objectives within an organization or a group is called management.
Etymology
The word management comes from the Old French term ménagement, which means the art of conducting, directing, or handling. It further traces its origins to the Latin word manu agere, which translates to lead by the hand.
Synonyms
- Administration
- Supervision
- Direction
- Control
- Leadership
- Governance
- Operation
- Oversight
- Stewardship
- Regulation
Antonyms
- Mismanagement
- Neglect
- Inefficiency
- Disorganization
- Disorder
Example
Under her skillful management, the company’s profits doubled within a year, and employee satisfaction reached an all-time high.
FAQs (Frequently Asked Questions)
Is management limited to business organizations only?
Its principles apply to various fields, including education, healthcare, government, and non-profit organizations. Any situation requiring the coordination of resources to achieve specific goals can benefit from effective management.
What is the difference between management and leadership?
It involves the process of coordinating resources and activities to achieve objectives, and leadership is more focused on guiding and inspiring others to achieve common goals.
What management skills are learned, or are they innate?
Management skills can be learned and developed through education, training, and experience.
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