“Management is the coordination of all resources through the process of planning, organizing, directing and controlling in order to attain stated objectives” -Henry L. Sisk.
“Management is the art of knowing what you want to do and
then seeing that it is done in the best and cheapest way “ F.W. Taylor.
“To manage is to forecast and to plan, to organize, to
command, to coordinate and to control.” Henry Fayol.
ORGANIZATION:
Organizations are the collectives that have been established for the pursuit of relatively specific objectives on a more or less continuous basis – Scott.
An organization is an entity comprising multiple people,
such as an institution or an association that has a collective goal and is
linked to an external environment.
DISTINCTION BETWEEN
MANAGEMENT AND ADMINISTRATION
Oliver Sheldon in his
“The Philosophy of Management” defines ‘Administration as a function is
concerned with the determination of the corporate policy, the coordination of
finance, production, and distribution, the settlement of the compass (i.e.,
structure) of the organization, under the ultimate control of the executive.’
On the other hand, ‘Management is concerned with the execution of the policy,
within the limits set up by the
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