What is Management? | Meaning/Definition | Mastery

It is very difficult to give a precise definition of the term 'management'. Different scholars from different disciplines view and interpret management from their own angles. The economists consider management as a resource like land, labor, capital, and organization. The bureaucrats look upon it as a system of authority to achieve business goals. The sociologists consider managers as a part of the class elite in the society.
Here are some of the leading Definitions by Great Management Scholars:
According to George R. Terry, ''Management Is a distinct process consisting of planning, organizing, actuating and controlling; utilizing in each both science and art, and followed in order to accomplish pre-determined objectives."
Management is a multipurpose organ that manages a business and manages Managers and manages Workers and work.
-Peter Drucker
According to Harold Koontz, "Management is the art of getting things done through others and with formally organized groups."
According to F.W. Taylor, "Management is the art of knowing what you want to do and then seeing that they do it in the best and the cheapest way."
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